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SoftBank founder acquires Tiffany Building for 32b yen

Published Wed, Oct 2, 2013 · 10:00 PM
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[TOKYO] The billionaire founder of tech and telecoms group SoftBank Corp bought Tokyo's landmark Tiffany Building for 32 billion yen (S$410.7 million) in one of the priciest property deals in recent years in Japan, underscoring the recovery in the real estate market.

Masayoshi Son, ranked Japan's second-richest man by Forbes, outbid sovereign wealth funds and Japanese corporations for the 10-storey glass structure in Tokyo's Ginza luxury shopping district, which was put on sale by Asia Pacific Land, people with direct k…

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