Canada Pension Plan Investment Board (CPPIB) and GE Capital Real Estate has announced a co-investment program to focus and invest in Central Tokyo office properties.
Both organizations will invest a combined equity amount of up to 40 billion yen or $403 million in this project.
CPPIB will hold 49% while GE Capital Real Estate will have 51%.
According to Graeme Eadie, Senior Vice President and Head of Real Estate Investments of CPPIB, this venture will allow them to enter the Tokyo office sector and at the same time, help them expand their real estate portfolio in Asia.
GE Capital Real Estate has been in the real estate business in Japan since 1998 and has acquired over $6.9 billion office assets since they started. CPPIB is a professional investment management organization based in Toronto that focuses on public equities, private equities, real estate, infrastructure and fixed income instruments.
Source: Times Colonist?
Tokyo Apartments For Sale | Tokyo Apartments For Rent | Real Estate Japan
Source: http://www.realestate.co.jp/2013/05/09/ge-capital-and-cppib-team-up-to-invest-in-tokyo-properties/
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