TOKYO — Sapporo Holdings has received proposals from about 10 groups, including Japanese property developer Mitsui Fudosan and U.S. investment fund KKR, on ways to utilize the Japanese brewer’s real estate assets, which Sapporo is seeking to restructure by accepting outside capital, Nikkei has learned.
The company’s real estate business is estimated to be worth approximately 400 billion yen ($2.6 billion) and includes properties in prime downtown locations such as Yebisu Garden Place, a commercial complex in Tokyo. Sapporo’s call for proposal bidders has stirred attention as it will have a major impact on the business strategies of the real estate giants and funds that apply.
