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Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad

Japanese company seeks growth with urban housing and offices in U.S.

Mitsui Fudosan has been building apartments around major U.S. cities, including this complex outside Washington, D.C.

TOKYO -- Japanese property developer Mitsui Fudosan is set to invest 700 billion yen ($6.2 billion) overseas within three years, among its largest such spending plans yet, to broaden its real estate portfolio in growing markets as office rentals in its home country slump.

Much of this expansion will be in the U.S., where the company anticipates continued strong demand for conveniently located housing.

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