TOKYO -- Japan's Sumitomo Realty & Development will invest 2.5 trillion yen ($16.6 billion) in projects in Tokyo and India, with the aim of boosting pretax profit by half to over 400 billion yen in a decade, the company announced on Friday.
Property
Sumitomo Realty to pump $17bn into Tokyo, Mumbai properties
Japan developer raises guidance as office, hotel and condo rates soar
Sumitomo Realty is focusing on large-scale redevelopment projects in Tokyo. (Sumitomo Realty & Development)
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