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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Softbank to buy Fukuoka baseball stadium from GIC

Posted on 26 March 2012

Softbank Corp., Japan’s second- biggest mobile-phone company by market value, agreed to buy the Fukuoka Yahoo! Japan Dome for 87 billion yen ($1.1 billion) from Government of Singapore Investment Corp.
The stadium is the home of the Softbank Hawks baseball team and is being offered on loan, the phone company said in a statement on its website. The Yahoo! Dome, which opened in April 1993 as Japan’s first stadium with a retractable roof, is also used for events including concerts, according to the website of Hawks Town, which has a floor area of 176,000 square meters………………………………………..Full Article: Source


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