Goldman to double Japan property investments to over $2bn a year

Ultralow rates and steady demand draw more international players to Asian market

20210530N Goldman Sachs logo

Goldman Sachs is refocusing on Japan's property market after a lull following the 2008 financial crisis. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- Goldman Sachs will increase its property investments in Japan to about 250 billion yen ($2.28 billion) a year from the current range of 100 billion to 150 billion yen, with a focus on logistics hubs, data centers and other facilities that enjoy growing demand.

Utilization and occupancy rates for Japanese logistics hubs and rental condominiums have held steady even in the pandemic. This, coupled with its relatively low interest rates, makes the country an appealing destination for international investors.

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