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Audio – AMP Capital on what’s hot in Japan
AMP Capital Investors said it was planning to boost its investments in Asia properties to A$16 billion ($15.3 billion) and will start by doubling the S$300 million ($220 million) in Singapore industrial assets it has already bought.
The investment unit of Australia’s top pension fund manager AMP Ltd is also looking to buy properties, or acquire businesses such as real estate investment trusts and developers, in markets including Japan and China.
Chief Investment Officer Andrew Bird tells us what opportunities they see and why they think Japan is hot.