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

📆 15/04/2024 03.24.00
📰 FinancialReview

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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.

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