Japan's biggest commercial property fund manager looks at REITs

07/7/2009 | Bloomberg

Japan's troubled REITs may find themselves pursued as takeover targets toward the end of this year, once the government's new fund aimed at bolstering the financial strength of REITs goes into action. Mitsubishi Corp. UBS Realty, which is the manager of the biggest commercial property fund in Japan, has announced its interest in buying REITs, as the government's assistance for the sector makes REITs more attractive for acquisition.

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