TOKYO -- Asia-based investment fund PAG will invest about $7 billion in Japanese real estate over the next three years, aiming to buy property being unloaded by local companies and to invest in data centers.
PAG recently launched a $4 billion fund to invest in real estate in developed Asian countries. Co-founder and President Jon-Paul Toppino told Nikkei that the company plans to allocate around 70% to 75% of the fund's capital to Japan. Combined with bank loans and other financing, total investment in Japan is expected to be in the $7 billion range.
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