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Arab investment in Japanese real estate

Abu Dhabi state investor Mubadala, one of the largest sovereign wealth funds worldwide, has formed a joint venture with Proprium Capital Partners and Manulife Investment Management to develop a $600 million property portfolio in Japan. Asset manager Samurai Capital — which has experience in managing multi-family assets in Japan— will also be a partner in this venture.  Thomas Wong, partner of Proprium Capital Partners, makes an interesting argument for investing in Japanese residential real estate: “We believe that these properties will outperform the market and generate positive returns for our investors. Through the collaboration between Proprium and our co-investors, we look forward to scaling up in the Japan multifamily sector.”  The portfolio will target urban dwellers in Tokyo and Osaka, and these residential dwellings will also offer convenient access to railway stations and nearby neighborhood amenities.

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