Currently the executive vice president of private equity at Maine Point, LLC, an international financial consultancy, Steven W. Koinis formerly held several executive positions with a variety of investment companies in the Middle East. On the Abu Dhabi Investment Council, Steven Koinis served as a senior manager and member of the sovereign wealth fund’s investment management team.
The Abu Dhabi Investment Council (ADIC), acting as part of an investment syndicate, recently finalized one of the largest international property transactions in Japan when, along with its partners, it purchased the unique and timeworn Shiba Park Building for more than 100 billion Japanese yen, an amount equal to more than $1 billion in U.S. currency. Part of an investment group headed by Asia Pacific Land, ADIC’s other partners in the transaction include Secured Capital Investment Management Co. and C.V. Starr & Co., with Commerz Japan Real Estate Finance Corp., Shinsei Bank, and Mizuho Bank acting as lenders.
The new owners’ plans for the structure, also called the Gunkan building, which translates to the Warship building, are still undisclosed. Many are viewing the deal as indicative of a promising economic future that is reflective of Japanese Prime Minister Shinzo Abe’s policies encouraging commercial development.