A growing interest in green buildings in Japan
An Asia-focused private real estate fund advised by Morgan Stanley Real Estate Investing, PPFA Japan VI TMK, has bought the office building Yokohama Nomura for 36.4 billion JPY. The “green” loan originated by MUFG Bank is for 18.3 billion JPY. Private real-estate funds are discovering certified “green” buildings as investment targets because the financing conditions are more attractive than the conditions of regular loans.
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