Mitsubishi Estate back the acquisition of 60 Margaret St in Sydney last year (Image: Mirvac)
Japanese investors more than doubled their overseas acquisitions of real estate in Asia Pacific last year to spend $2.24 billion on income-earning properties around the region, at the same time that most other players were stepping back.
After spending a total of $2.16 billion on Asia Pacific properties outside of their own borders from 2020 through 2022, investors from Asia’s second-largest economy surpassed that three-year total in just 12 months as they homed in on offices and residential…
