Japanese investors to gain foothold in UK property market

The first fund to be launched, the MBK UK Office Property Trust, will invest in small and midsize office buildings with a focus on central London. The fund will be a Jersey property unit trust with a 10-year life. Mitsui, Cordea Savills and Kenedix will each provide co-investment capital to the fund to allow the creation of a seed portfolio prior to equity raising from institutional investors in Japan later this year. Kain Matsumoto, senior manager in charge of property at Mitsui & Co, commented: “We know there is demand from a number of Japanese institutional investors to diversify their...