Malaysia’s Employees Provident Fund (Kumpulan Wang Simpanan Pekerja, or EPF) has invested in Japan’s logistics sector, according to various media reports.
The fund, which is yet to officially announce the investment, is reported to have invested ¥14bn (€104m) in five assets sold by Mitsubishi Corporation.
Mitsubishi’s Diamond Realty Management will manage the facilities for EPF, which is understood to be the first Asian public pension fund to invest in Japan’s real estate sector.
Media reports said EPF will look to buy similar properties in the Tokyo area and Japan’s major regional cities.
EPF recently agreed a joint venture with Goodman Group to develop domestic logistics assets. The new venture will invest up to MYR1.4bn (€343m). The agreement is EPF’s third tie-up with Goodman, having invested in Australia in 2012 and Germany in 2013.
Invesco Real Estate this month said it had bought a Paris office building for an Asian state pension fund.
The deal is the investment manager’s third in Europe for the separate account mandate, understood to be EPF. Invesco Real Estate would not comment, citing client confidentiality.
The UK-based firm said the buyer of the Espace Lumière, in the Boulogne district, was also behind its purchase of Tour Prisma in La Défense in the first quarter of last year.