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Mitsubishi UBS seeks REIT takeovers as Japan increases support

Posted on 07 July 2009

From Bloomberg: Mitsubishi Corp. UBS Realty Inc., manager of Japan’s largest commercial property fund, will consider buying other real estate trusts this year when the government increases industry support.

“Our aim is to keep growing so takeovers are one of our missions,” Yuichi Hiromoto, president of Mitsubishi UBS, said in a July 3 interview, declining to comment on potential targets. “The government fund will encourage mergers and acquisitions.” ……..Full Article: Source


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