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AMP Capital Eyes $367M Japan CRE Debt

The property unit of AMP Capital Investors is seeking to buy about $367 million of commercial real estate debt in Japan.

The property unit of AMP Capital Investors is seeking to buy about $367 million of commercial real estate (CRE) debt in Japan, The Australian reports. The debt is held by Japanese banks.

The debt is being sold as Japanese banks are required to clean up their balance sheets before the end of September. The lenders dispose of debt twice a year to reduce their exposure to sectors, such as real estate.

Click here for the story from The Australian.

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