Goldman in bid for 165b yen Tokyo office deal

[TOKYO] A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen (S$2.01 billion), said people familiar with the deal, which could be the biggest office property deal in six years.

Secured Capital, part of Asian private equity firm PAG, is trying to sell the 32-storey Pacific Century Place Marunouchi, in a prime spot near the Tokyo railway station. It bought the property for about 144 billion yen in 2009.

Investors are aggressively seeking properties as Tokyo prices are expected to continue a rebound they have seen under Prime Minister Shinzo Abe's growth policies of massive monetary and fiscal stimulus.