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Exclusive-Morgan Stanley raising about $680 million for Japan real estate fund, sources say

Reuters
Summary
Nutrition label

79% Informative

The Morgan Stanley -managed fund is due to close in June and expected to raise at least 100 billion yen .

Investment will centre on offices and multi-family residential buildings in major cities.

Land prices across Japan grew 2.7% in 2024 , the fastest pace since 1991 .

There was a total of 25 trillion yen in unrealized gains on real estate assets among Topix -listed companies at the end of March 2024 , Kirk 's calculations show. "In the past there was a belief that even though the value was there, it couldn't be unlocked," Kirk said. "It's now more likely that investors can unlock some of that value or at least make corporate management do something." (Reporting by Miho Uranaka and Anton Bridge ; Editing by Dave Dolan , Chang-Ran Kim and Sonali Paul ).

VR Score

90

Informative language

97

Neutral language

46

Article tone

formal

Language

English

Language complexity

55

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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no external sources

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