Three Tokyo apartment buildings get a foreign owner
Foreign investors keep investing in Japan. The Japanese real estate company Ascot Corp., a part of the Ping An Group from Shenzhen in China, has acquired three rental apartment buildings in Tokyo with a total of 116 apartments, one building was completed in February and two will follow until the end of the year. Ascot Corp. (headquartered in Shibuya, Tokyo) formed its first private fund through a joint venture with the Chinese company Ping An Insurance in May 2022. At that time, Ascot announced plans to acquire MF residential, senior living facilities, and student housing from external developers and funds.
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