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UBS Asset Management develops a multi-family project in Tokyo

UBS Asset Management has launched a multi-family development project with 563 rental apartments across 18 floors in east-central Tokyo (Kiba) worth 230 million dollars upon completion. These dimensions make it the largest multi-family effort of UBS AM to date in Asia’s second-largest economy. Also, this is the fourth multi-family deal of UBS AM in Tokyo this year, having earlier bought two development sites and a newly built property that together added more than 270 units to the portfolio.

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