ABN and Ajia launch Asian real estate platform

Partners will also bring Mistubishi on board for the first fund, focused on Japan.

ABN AMRO Asset Management has joined forces with Ajia Partners, a Hong Kong-based private investment company owned by high net-worth families in Asia, to establish Ostara Partners, a platform for a series of funds that will invest directly into Asian real estate. The first fund will focuse on Japanese suburban retail centres and includes Mitsubishi Corporation as a partner and co-investor in the fund.

Japan's cyclical upturn is moving through to consumers, and we see increasing trends in suburban retail shopping, especially in the home centre and supermarket sectors, says John Lee, portfolio manager at Ostara. Trends are moving towards larger discount retail stores in decentralised locations. We expect values of...

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