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Singapore’s CDL invests big in Tokyo residential portfolio

City Developments Ltd (CDL) has acquired 25 residential assets and 836 units in Tokyo’s 23 wards from North American fund manager BentallGreenOak for 35 billion yen (221 million euro). The Japan portfolio of the Singapore asset manager now consists of 38 projects comprising more than 2,100 units with a total asset value of more than 70 billion yen (443 million euro).

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