March 16, 2010

Chuo Mitsui Targets Y150bn for Real Estate Fund Business

Chuo Mitsui Trust & Banking Co. plans to start a real estate fund business with the aim of building 150 billion yen in assets under management in five years, according to Nikkei. The Chuo Mitsui Trust Holdings Inc. unit has established a wholly owned subsidiary specializing in investing and managing domestic properties. Chuo Mitsui hopes to attract pension money.

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