16.02.2015 - China Sovereign Fund Buys $1.2B Tokyo Building From Mori
Relations between Beijing and Tokyo may have been tense in recent years, but that didn’t stop a Chinese sovereign fund from teaming up with LaSalle Investment Management of the US to buy a Tokyo mixed-use complex for ¥140 billion ($1.2 billion). The participation in the real estate deal by China Investment Corporation, one of the funds responsible for managing the country’s estimated $4 trillion in foreign reserves, comes after Chinese buyers have rapidly increased their spending on Japanese property, particularly in the nation’s capital...............................................Full Article: Source
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