[Mingtiandi] BentallGreenOak Raises $100M from Michigan Pensions for Japan Fund
[Retrieved from Mingtiandi] BentallGreenOak’s Japan-focused fund has secured a $100 million commitment from Michigan’s pension system, a rare move as US state retirement plans have been slowing their investments in Asia Pacific real estate. This fund, excluding mainland China and India, focuses on Japan’s office, logistics, residential, and hospitality sectors. Despite a slowdown in US pension fund commitments to APAC real estate, BentallGreenOak has continued investing heavily in Japan, with significant acquisitions like the Avex Building in Tokyo and the Rihga Royal Hotel Osaka. Additionally, new logistics investment vehicles targeting Japan have recently been announced by Singapore’s Mapletree and Fosun Hive Capital Management.
Original article: [BENTALLGREENOAK RAISES $100M FROM MICHIGAN PENSIONS FOR JAPAN FUND], Christopher Caillavet, 2024/06/17
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