AIB’s Alpha Japan Fund, which raised €128 million from investors last year, has reported a loss of €4 million for the first year of operation.
The fund aims to invest in Japanese properties mainly in the Tokyo area.
So far, it has acquired two properties - a retail development in the upmarket Roppongi district of Tokyo and a retail redevelopment scheme in Takeshita Dori. The Roppongi property has a total project cost of...
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