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BlackRock helps revive Japan's property market

J-Reits' 2.23 trillion yen acquisitions in 2013 almost triple previous year's deals

Attracting foreigners: Property acquisitions by overseas investors in Japan will account for about 20 per cent of all transactions this year, up from 13 per cent in 2013, and commercial property sales may grow to the highest level since 2007. - PHOTO: BLOOMBERG

[TOKYO] BlackRock Inc, the world's biggest money manager, is helping to drive a revival in Japan's property market as investors bet Prime Minister Shinzo Abe's plan to sustain economic growth will boost real estate returns. BlackRock is looking for investments outside of Tokyo this year as it