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Message from the Editor.(Editorial)

Dear Readers

While some sectors remain cautiously quiet, real estate in Japan has remained dynamic and vibrant--particularly from the point of view of foreign investment. Last year Morgan Stanley bought 13 ANA hotels and most recently they purchased Citibank's Tokyo headquarters. In March this year. GE's property division were reported to be looking at investing US$10 million into Japanese real estate while Goldman Sachs has also been aggressive in acquiring real estate related products and companies.

Our cover feature on the Capital Services Group is a tale of real estate success in the Japanese market. Meanwhile, Brad Frisch-korn dissects Japan's exposure to ...

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