September 10, 2010 / 7:40 AM / 9 years ago

FACTBOX-Key purchases of Japan property assets by foreign firms

 (For related story click: [ID:nTOE68207P])
 TOKYO/HONG KONG, Sept 10 (Reuters) - Foreign investors from the United States to Singapore have been actively acquiring Japan’s property assets as the Japanese real estate sector, now the world’s second largest, recovers.
 Following is a list of key deals of foreign investors acquiring Japanese assets since late last year. All dollar figures are approximate due to exchange rate conversion:  FOREIGN INVESTOR                   JAPAN ASSET            DEAL SIZE ($)  U.S. Fortress FIG.N              Property-related loans 244 mln  Germany SEB Asset Mgmt             Shopping mall          118 mln  Singapore Mapletree                Logistics facilities   154 mln  Deutsche Bank’s DBBKGn.DE RREEF  Office building         56 mln  Hong Kong’s HKR Int’l (0480.HK)    Apartments              40 mln  Hong Kong’s Keck Seng              Apartments              20 mln  PLANNED DEALS:  * U.S. Blackstone plans to acquire Morgan Stanley property loans worth $1.1 billion. [ID:nSGE66K0K3]  * Singapore’s CDL Hospitality seeks acquisitions in Vietnam, India and Japan, with plans to invest up to $423 million in new hotels. [ID:nSGE67F0BS]  * Mapletree Investments, a property firm owned by Singapore state investor Temasek Holdings [TEM.UL], plans to launch a Japan property fund worth nearly $1 billion. [ID:nTKB006989]  * U.S. Franklin Templeton is raising $300 million for a real estate funds to invest in Asia, including Japanese property debt. [ID:nSGE67B03T]  * Asia-focused fund investor Pacific Alliance Group expects to invest as much as $500 million in Japan for the next year or so from $200 million now. [ID:nTOE65D053]  * LaSalle Investment Management plans to invest $3.3 billion in Japanese property over the next 18 months. [ID:nTOE65E063]  SOURCES: Company, Japanese media  (Reporting by Mariko Katsumura in TOKYO and Lee Chyen Yee in HONG KONG; Editing by Ken Wills and Valerie Lee)  (See for Reuters’ global service for real estate professionals)    

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