Japanese fund targets Russian real estate

Japanese financial group Aruji is setting up a YEN 200 bn (EUR 1.2 bn) real estate investment fund focused on the Russian market. Aruji president Takuij Asaga said Aruji Real Estate Investment Fund is the first financial product designed to raise capital in Japan for investment in Russian real estate.'

'Interest in Russia is swiftly growing as the Russian economy is showing robust growth. It is clear that investment opportunities and products offered by the Russian market are attractive both to Russian and foreign investors, including investors from Japan,' Asaga said. The fund will have an initial lifespan of five years and will invest in commercial property projects in Moscow, St Petersburg and the Russian Far East.