US pension giant plans to invest US$1b in Japan real estate
TIAA joins bandwagon of investors buying property there on expectations that Abenomics would boost economic growth
Add BT as a preferred sourceTokyo
US pension giant TIAA is setting its sights on Japanese real estate, betting Abenomics has the economy well placed to grow in coming years.
The near 100-year-old firm, known for offering retirement products to teachers, plans to invest about US$1 billion in retail and logistic sites in Tokyo and Osaka, Shusaku Watanabe, director of capital transactions for Asia Pacific at its property unit TH Real Estate, said in an interview on Monday.
TRENDING NOW
Qatari LNG ship struck in Strait of Hormuz, testing US talks
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis
Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10
