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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