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Japan investors look to overseas real estate, says JLL

October 2015

While Japan has traditionally shown interest in their domestic real estate market, property consultant JLL says that the country of the rising sun has started to cast their net wider, increasingly setting their sights overseas.

“Investors are employing developed market strategies, targeting core commercial real estate in mature global markets such as London, New York, San Francisco and focussing mainly on office space,” says Yoshihiro Inuma from JLL’s Japan Research team.

A recent example of this trend is Mitsui Fudosan’s recent acquisition of White City Place in London. Similarly, Unizo Holdings, a Japanese real estate company specialising in the office market, purchased two office buildings in New York late last year.

Investors are also aiming to increase involvement in emerging markets, especially in regional markets within Asia, specifically the southeast Asia retail and residential markets.

“Daiwa House Industry has been expanding its detached house business in Malaysia, and Mitsubishi Estate is presently developing high-rise condominium projects in Thailand; outbound purchases have been rising significantly with 2015 set to be a record year,” says Inuma.