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Tokyo fund closes with Straits Trading unit as key sponsor

Straits Real Estate commits 4.9 billion yen to Cordea Savills's fund, may raise commitment in future closes

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Published Tue, Jun 2, 2015 · 09:50 PM

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    Singapore

    CORDEA Savills has announced the first closing of its Greater Tokyo Office Fund, with Straits Trading Company's real estate investment arm, Straits Real Estate Pte Ltd, as a key sponsor.

    Straits Real Estate has made an initial commitment of 4.9 billion yen (S$52.3 million), with the possibility of increasing its commitment in future closes.

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