Press Release
September 1, 2007
Nishinippon Shimbun, September 1, 2007
50 billion real estate fund focuses investment on Kyushu
Nishinippon Shimbun, September 1, 2007
50 billion real estate fund focuses investment on Kyushu
Genkai Capital Management Co., Ltd. of Fukuoka City has announced the launch of its ¥50 billion real estate investment fund on August 31. Over a period of approximately two years, the fund will invest in real estate around the country, with a focus on Kyushu.
Genkai Capital Management was established in July of last year. The company's first fund, valued at some ¥20 billion, invested mainly in office buildings.
The newly-established second fund is capitalized by institutional investors in Japan. Not limited to preexisting buildings, the fund is also poised to invest in properties that are still in the development stage. In keeping with this policy, the company has announced the fund's acquisition of a group of low-rise office buildings in Hakata-ku, Fukuoka City on August 31.
*The Nishinippon Shimbun, September 1, 2007
Genkai Capital Management was established in July of last year. The company's first fund, valued at some ¥20 billion, invested mainly in office buildings.
The newly-established second fund is capitalized by institutional investors in Japan. Not limited to preexisting buildings, the fund is also poised to invest in properties that are still in the development stage. In keeping with this policy, the company has announced the fund's acquisition of a group of low-rise office buildings in Hakata-ku, Fukuoka City on August 31.
*The Nishinippon Shimbun, September 1, 2007
