Property investment company MGPA has about $1 billion that it can use to acquire real estate assets in Asia and Europe, Reuters reports. The company views Tokyo offices as popular choices, while it is cautious about the Hong Kong office property market. MGPA is focusing on Asia, especially buying older Tokyo office buildings, which can be refurbished and re-positioned. The company’s current portfolio consists of several properties in Japan along with the Intermark complex in Kuala Lumpur and AXA Tower in Singapore.
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