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Move over, NYC and London: Tokyo is the new real estate king

Move over, NYC and London: Tokyo is the new real estate king

The largest sovereign wealth fund in the world’s property group is betting big on Tokyo real estate. Norges Bank Real Estate Management, a branch of Norway’s $1 trillion fund, purchased a 70 percent stake in a mixed-used office and retail properties for about $852 million as part of a joint venture with Japanese firm Tokyu Land Corp. The fund has earmarked an annual $912 million for real estate deals in Tokyo provided, of course, “the […]


Source: realdeal

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