Mitsubishi UFJ to issue a 100 billion yen Japanese real estate fund.

According to a senior executive from Japan's largest banking group, Mitsubishi UFJ Financial Group, the group plans to launch a 100 billion yen fund for investment in Japanese real estate. This is the latest case of real estate fund issuance in Japan this year, as property prices rise and the central bank aims to further raise interest rates from still very low levels. This fund is different from the real estate fund announced by MUFG and Mitsubishi UFJ Trust and Banking in April, which aims to invest 100 billion yen in real estate within three years. Naoksu Uida, president of Mitsubishi UFJ Real Estate Asset Management Company, said, "In a rising interest rate environment, investors are also expecting higher returns." Uchida mentioned in an interview that the fund will focus on medium-sized office buildings, residential properties, and hotels in Tokyo, Osaka, and Nagoya. The fund will raise approximately 30 billion yen from institutional investors such as life insurance companies, banks, and corporations, with the remaining portion obtained through debt financing.