PAG and KKR to acquire Sapporo Real Estate from Sapporo.

PAG, an Asia-based alternative investment firm, and KKR, a global investment firm, agreed to acquire Sapporo Real Estate from Sapporo, an alcoholic and non-alcoholic beverages producer. Financial terms were not disclosed. “PAG is proud to strategically partner with KKR and Sapporo Holdings to support the management and staff of Sapporo Real Estate and the continued development of the Ebisu area. Working closely with the community, government, and tenants, we aim to continue the evolution of the company’s landmark properties as vibrant and sustainable urban destinations," Jon-Paul Toppino, PAG Co-Founder and President.