Abrdn has appointed Harumi Kadono as head of real estate in Japan to oversee a new residential real estate investment mandate awarded by Dutch pensions manager PGGM.
Kadono will oversee the management of 3,300 rental homes, primarily located in the greater Tokyo area, as Abrdn embarks on the new mandate.
Ken Yajima, CEO of Abrdn Japan, said: “The Japanese market is pivotal to abrdn’s global business strategy. We are deeply committed to this market and continuously strengthen our local team to offer superior services and innovative investment solutions to both Japanese investors and those looking to invest in Japan.
“This expansion underlines our ambition to excel in the Japanese real estate market.”
Ronald Bausch, senior director at PGGM private real estate, said: “We are very happy to further expand the global relationship that we already have had for years with abrdn. This allows us to act upon opportunities throughout the region more efficiently.
“We look forward to leveraging abrdn’s global knowledge on sustainability which generates long-term value for its customers. This will help us to generate good financial returns while improving on our sustainability targets which are set by our client PFZW, the Dutch pension scheme for the healthcare sector.”
Anne Breen, global head of real estate at Abrdn, said: “Amidst evolving policy and economic landscapes, the Asia Pacific market presents a rich tapestry of investment opportunities. Japan’s residential sector, in particular, stands out due to its robust occupier demand and defensive attributes, continuing to draw significant capital from global investors.
“This expansion underscores our commitment to enhancing our real estate capabilities globally and across diverse segments. We are dedicated to building up our team in Japan and throughout the region, aiming to capitalise on these investment opportunities.”
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