Property investment: Japanese interest in Australian commercial real estate surges to $2 billion

📆 15/04/2024 4:24 AM
📰 FinancialReview

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 90%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Japanese investors are tapping Australia’s population growth through commercial property.

Japanese investment in Australian real estate surged last year to a record $2 billion as this country’s housing crisis draws a new wave of investors wanting to put their capital and skills to work.

Odakyu, along with Hankyu Hanshin Properties, JR West Real Estate & Development and Kintetsu Real Estate – as well as Mitsubishi UFJ Financial Group and Nishimatsu Construction – invested in the Mitsubishi Estate-led acquisition of Sydney’s 60 Margaret Street complex from Mirvac and Blackstone last year for $777 million.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Office property market: Why even Howard Marks is wary of office propertyThe Oaktree Capital co-founder loves distress, and says there will be plenty in the office market. But there’s one big reason he’s cautious about investing.
Source: FinancialReview - 🏆 2. / 90 Read more »