The fund’s recent deal to buy properties from Japanese railway and hotel conglomerate Seibu Holdings Inc. hit the low single-digit billions of dollars and GIC is “happy to do more of those sizes,” Goh said. Apart from hospitality, it is also interested in real estate such as residential and logistics projects, he added.
Singaporean sovereign wealth fund GIC Pte is on the hunt for property deals and corporate partners across Japan as the falling yen and border reopening trigger a rush of tourists and deals.
Hotels, resorts and ryokan in key cities including Tokyo and Okinawa are among the types of properties being evaluated, head of global investment and portfolio strategy Goh Chin Kiong said in an interview.
