SINGAPORE (EDGEPROP) - Tokyo-headquartered real estate company Tokyu Land Corp (TLC) aims to establish a global fund and REIT platform, offering international investors the opportunity to invest in real estate outside of Japan.
Tokyu Plaza Ginza, in Tokyo, Japan (Credit: Tokyu Land)
Masaoki Kanematsu, operating officer in charge of overseas business for TLC, says: “We view our globalisation as an absolute necessity, as most exciting growth opportunities lie beyond Japan. Our present strategy is to leverage the rising affluence in Asia, and the steady economic growth in the United States, to aggressively expand our geographical footprint by acquiring and developing offices and apartments in those cities.”
“By replicating our successful business model, we hope to expand our global presence in Europe and Australia in time to come,” says Kanematsu, who is also executive director of Tokyu Land Asia (TLA), which is TLC’s Singapore subsidiary.
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The Japanese company established TLA in 2018, intending for it to serve as a hub for international real estate investments. With the presence of TLA, the business intends to accelerate its foray into international cities in markets such as Asia, Europe and Australia.