Straits Trading invests $106.5 mil in Savills Japan residential property fund

SINGAPORE (Jan 4): The Straits Trading Company is investing in a Savills fund focusing on residential properties in Japan.

Straits Trading's subsidiary Straits Real Estate (SREPL), through its wholly-owned subsidiary SRE Japan 11, has entered into a subscription agreement to commit JPY9 billion ($106.5 million) in Savills IM Japan Residential Fund.

The fund is a limited partnership established in Singapore that seeks to maximise current income and long-term capital appreciation by acquiring residential properties located in the Greater Tokyo area and other key markets in Japan.

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