Asia fund PAG to invest $7bn in Japan real estate over 3 years

TOKYO — Asia-based investment fund PAG will invest about $7 billion in Japanese real estate over the next three years, aiming to buy property being unloaded by local companies and to invest in data centers.

PAG recently launched a $4 billion fund to invest in real estate in developed Asian countries. Co-founder and President Jon-Paul Toppino told Nikkei that the company plans to allocate around 70% to 75% of the fund’s capital to Japan. Combined with bank loans and other financing, total investment in Japan is expected to be in the $7 billion range.