AIB fund to invest in Japanese property

AIB Private Banking is seeking to raise between €50 million and €60 million from investors for a fund that will invest in Japanese property.

20th January, 2007

AIB Private Banking is seeking to raise between €50 million and €60 million from investors for a fund that will invest in Japanese property.

According to John Rockett, head of AIB Private Banking, the Japanese property market was of interest to the bank because it offered investors rental yields of 5 per cent and borrowing costs of 2.3 per cent. He said this compared with yields of 3.7 per cent to 4 per cent in...

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