Property group Investa has won the backing of two major Japanese investors for a studio apartment project in Sydney’s CBD, the latest example of how fund managers are tapping interest in Tokyo for Australian real estate.
Japan’s JR West Real Estate & Development Company and Sotetsu Real Estate are buying into Investa’s $230 million development at 140 Elizabeth Street. The project involves 251 furnished, self-contained studio apartments, along with communal amenities such as dining areas and a co-working space.
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AloJapan.com