Sapporo Holdings eyes selling Yebisu Garden Place, other properties to KKR

Sapporo Holdings Ltd. has given a consortium including U.S. investment fund KKR preferential rights to negotiate a deal for its real estate business, including the Yebisu Garden Place commercial complex in Tokyo, a source familiar with the talks said Wednesday.The prospective sale is expected to bring in some 400-500 billion yen ($2.6-3.3 billion), which the Tokyo-based company whose subsidiaries include Sapporo Breweries Ltd. hopes to spend on growing its alcoholic beverage business.The KKR consortium and two other groups have been vying for Sapporo Real Estate Co., a Sapporo Holdings subs…READ FULL ARTICLE