gic-real-estate-forms-joint-venture-in-japan

GIC Real Estate forms joint venture in Japan

Singapore's GIC Real Estate plans to invest $1.3 billion in property in Japan over the next two years through a joint venture with Sumitomo.
GIC Real Estate has formed a joint venture with JapanÆs Sumitomo Corporation to invest in large-scale retail properties across Japan. The announcement comes just a few weeks after GIC Real Estate announced a joint venture in Australia and underscores the bullishness of the cash-rich Singaporean property investor with respect to the Asia-Pacific region.

GIC will make the investment in the JV through an affiliate company. The JV will, over the next two years, invest up to Ñ150 billion $1.3 billion in retail properties in Japan, including both complete projects and those under development. It will also acquire under-performing assets and enhance their value. The partners intend to grow the joint venture into one of the...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222