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Property

BentallGreenOak to invest up to $10bn in Japan real estate

Canadian investment company targets pandemic-hit office buildings and hotels

BGO believes Japan's commercial property market will bounce back once the pandemic peters out. (Photo by Kosaku Mimura)

TOKYO -- Canadian investor BentallGreenOak plans to invest up to $10 billion in Japan during the next two to three years as it expects high returns from a market that has been less roiled by the pandemic than the U.S. and Europe.

BGO has raised capital from American and European pension funds and other investors for a new Asia fund. Canadian insurer Sun Life is also investing direct funds.

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