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Japan Post plans 20-plus redevelopment projects in real estate push

Postal operator seeks to raise rental revenues to diversify earnings

JP Tower Osaka will be a 39-story building directly connected to JR West's Osaka Station. It is slated for completion in March 2024.

TOKYO -- Japan Post Holdings will pour money into its real estate business, with plans to convert more than 20 properties into multipurpose complexes in a bid to reduce reliance on financial operations.

The company plans to invest 500 billion yen ($3.38 billion) under a medium-term business plan through fiscal 2025 but could raise the amount.

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