This article is from the Australian Property Journal archive
JAPANESE real estate investors are diversifying their interests, targeting Australia’s industrial and logistics sector by providing private finance for a new development in Sydney.
Tokyo-headquartered CREAL has made its first overseas investment by providing finance for a $39.5 million self-storage and warehouse development project in Kirrawee.
The Kube development at 459 The Boulevarde Kirrawee comprises 77 self-storage units and eight warehouses.
CREAL said the investment is in response to the rapid growth and diversification of its business, and it is actively seeking new overseas investment opportunities for Japanese investors.
“The company is committed to identifying attractive global and Japanese real estate opportunities to expand its investment destinations and investor pool.
“The self-storage and warehouse markets in Sydney’s suburbs have shown high growth and occupancy rates. Based on the developer’s track record, this project is considered highly prudent,” CREAL said.
This investment marks CREAL’s initial step into private credit investment.
The company is developing frameworks on overseas private credit investment products through its crowdfunding platform in the near future. This move is aimed at providing platform investors with a wider variety of investment opportunities.
