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Article: JAPAN'S ANABUKI KOSAN TO LAUNCH NEW REAL ESTATE FUNDS.
- Article from:
- AsiaPulse News
- Article date:
- October 28, 2005
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TAKAMATSU, Oct 28 Asia Pulse - Anabuki Kosan Inc. (TSE:8928) plans to set up two real estate funds that will invest in rental condominiums and other properties and return the rental income to investors.
The first fund, with 2 billion yen (US$17.3 million) in assets, will start next spring, while the second, with 5 billion yen in assets, is slated for spring 2007.
The funds will rush to acquire properties in Hyogo Prefecture, Shikoku and the Chugoku region, where real estate development for investment purposes is lagging. The firm intends to expand income sources by focusing on land that is too small to build condos for sale, which are generally larger, ...