28.09.2012 - Japanese property assets on the investor radar
Sparx Group Co., a Japanese asset management company, will start a fund that will invest in the nation’s residential properties after receiving money from a sovereign wealth fund in the Middle East. Sparx will start the fund with AD Investment Management Co., which manages a real estate investment trust, with initial capital of about 9 billion yen (Dh425 million, $116 million), said Sparx CEO Shuhei Abe. The fund, which will last for five years, has a maximum capacity of 40 billion yen and will invest in six apartment developments in Tokyo and Nagoya...............................................Full Article: Source
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