Global funds set sights on Japan property market

Aberdeen Standard and KKR see opportunity in low-rate environment

20190807N JT headquarters

Japan Tobacco announced in July that it will sell its headquarters in Tokyo's Minato Ward. The property is expected to fetch more than 100 billion yen. © Reuters

TAIZO WADA, Nikkei staff writer

TOKYO -- Overseas investment firms are diving into the Japanese real estate market, with major British and American funds joining the fray as ultralow borrowing costs offer enticing returns.

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