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
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Tokyo
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.
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