Acquisition success varies in Japan as demand stays strong
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As U.S. pension giant, TIAA, reportedly sets its sights on Japanese real estate, demand from foreign funds remains strong, but potential buyers have varying levels of success.
TIAA’s real estate unit, TH Real Estate, recently told Bloomberg of its plans to invest about US$1 billion in retail and logistics sites in Tokyo and Osaka. TIAA manages about US$938 billion of assets, including US$24.6 billion in real estate.
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Source : Acquisition success varies in Japan as demand stays strong