Real Estate Fund To Plan Cinema Resort With Paramount

Sun Capital Management Corp., a Japanese management firm of real estate funds (no relationship with US buyout fund Sun Capital Partners), plans to open a resort complex in Osaka as early as 2012 in cooperation with the Paramount Pictures group of the US. Sun Capital and its investment arm, Osaka Investment Management said that they were exploring the development of a Paramount-branded complex that would include retail, dining, and entertainment facilities as well as a 5-star hotel.