CIC and LaSalle Investment Acquire Meguro Gajoen Complex

High-end Tokyo properties has attracted long-term institutional investors such as sovereign wealth funds, life insurance companies, pensions and real estate fund managers. A falling yen has made Japanese properties look inexpensive for foreign institutional investors. China Investment Corporation (CIC) and LaSalle Investment Management, through a joint venture, acquired the Meguro Gajoen complex in Tokyo for approximately ¥140 billion (US$ 1.2 billion) in late January. The CIC put up the majority of the capital. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates