GIC Seeks Japan Property Deals as Yen Falls and Tourists Return
- Singapore wealth fund is looking at hotels in key cities
- GIC ‘has always been interested in Japan real estate’
The Sumida River flows through Tokyo, Japan.
Photographer: Toru Hanai/BloombergThis article is for subscribers only.
Singaporean sovereign wealth fund GIC Pte is on the hunt for property deals and corporate partners across Japan as the falling yen and border reopening trigger a rush of tourists and deals.
Hotels, resorts and ryokan in key cities including Tokyo and Okinawa are among the types of properties being evaluated, Head of Global Investment and Portfolio Strategy Goh Chin Kiong said in an interview.