GSAM a final bidder in major Tokyo office building deal


In what would be the biggest office property deal in Tokyo in six years, Secured Capital is trying to sell the 32-story Pacific Century Place Marunouchi for about ¥165B, or $1.6B, reports Reuters, and Goldman's (NYSE:GS) asset management unit is among the final bidders.

Investors are being lured into Tokyo as prices are hoped to continue to rebound amid aggressive government monetary and fiscal policies. The building was built in 2001 and sold in 2006 for ¥200B.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs