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Article: TOKYU LAND CORP STEPS UP EFFORTS ON REAL ESTATE FUNDS.
- Article from:
- AsiaPulse News
- Article date:
- December 15, 2005
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TOKYO, Dec 15 Asia Pulse - The Tokyu Land Corp. (TSE:8815) is stepping up efforts to lure investors to its real estate funds, with the goal of doubling assets under management to Y250 billion ($US2.13 billion) over the next three years.
The major real estate firm launched a private-placement fund in September that invests in office buildings, and it plans to set up a fund aimed at rental housing next spring.
In addition to gains from real estate sales, Tokyu Land earns commissions on managing properties and assets. It expects the property fund business ...