Goldman near deal for Tiffany Tokyo property: report

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N) is putting the finishing touches on a $318 million deal to buy upscale jeweler Tiffany & Co's (TIF.N) flagship property in Tokyo, the Wall Street Journal reported on Sunday.

According to the newspaper, citing a person familiar with the matter, Goldman Sachs will lease the property back to the jeweler. Tiffany bought the property in Tokyo's high-end Ginza district in 2003 for $140 million, the Journal said in its online edition.

(Reporting by Justin Grant)