ESR exits Kenedix investment
The group said this is to simplify the business and focus on its core strengths.
ESR has fully realised its investment in Kenedix, Inc. as part of its strategy to simplify the business and focus on its core strengths.
SMFL MIRAI Partners, a wholly owned subsidiary of Sumitomo Mitsui Finance and Leasing, has acquired ESR’s 30% stake in the Japanese real estate asset management company, giving the SMFL Group 100% ownership of Kenedix.
This follows ESR’s sale of the ARA Private Funds business to SMFL MIRAI Partners and Kenedix in 2024.