Logo
  Wednesday, December 11, 2019
Sign-In  |  Sign-Up  |  Contact Us  |  Bookmark 

Japanese financial group Aruji will set up a fund worth
Japanese financial group Aruji will set up a fund worth 200 billion Japanese yen (over $1.85 billion) for investments in Russian real estate, the president of Aruji Gate Securities Inc. said on Tuesday.

"The registration of a fund for investment in Russian real estate, Aruji Real Estate Investment Fund, for operation over a five-year period (with an option to continue the term of its operation to 15 years) is at the concluding stage. The fund's shares/units will be offered to Japanese investors as early as July-August," Takuji Asaga said.

Takuji said the fund will be the first financial product in Japan aimed at raising capital for investment in the Russian property market.

Asaga said the new fund will invest in commercial property projects in Moscow, St. Petersburg and the Russian Far East.

"Interest in Russia is swiftly growing as the Russian economy registers strong growth. It is clear that investment opportunities and products offered by the Russian market are attractive both for Russian and foreign investors, including investors from Japan," Asaga said.


Print Japanese financial group Aruji will set up a fund worth Bookmark Japanese financial group Aruji will set up a fund worth

Related News   
JunJuly 2008Aug
MoTuWeThFrSaSu
30123456
78910111213
14151617181920
21222324252627
28293031123
45678910