PAG is planning to invest about ?2 trillion ($13 billion) in Japanese real estate and private equity deals in the next three to four years in a ramp-up of its spending plans as more opportunities emerge in the market.
The $55 billion Asian alternative asset manager¡¯s target is a step up from a previous goal disclosed in early 2025 to invest around ?1 trillion in Japanese property. The latest projection includes private equity transactions and reflects additional capital from a new real estate fund, according to PAG President and co-founder Jon-Paul Toppino.
Japan has drawn increased investor interest in recent years as corporate governance reforms and the return of inflation create fertile ground for buyouts and real estate deals. Property investments in the country hit a record ?6.2 trillion last year, and Tokyo ranked second among global cities for investment volume, according to data from Jones Lang LaSalle.
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