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Hidden billions in Tokyo real estate lure activist hedge funds

Lisa Du and Yasutaka Tamura

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Tokyo | The long-concealed market value of Tokyo’s largest skyscrapers is being unveiled by activist investors.

In Japan, there’s a huge gap – 22 trillion yen ($222 billion) by one estimate – between how companies value their real estate assets on their books, versus what those same properties would fetch if sold in the current market.

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Bloomberg

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    Original URL: https://www.afr.com/property/commercial/hidden-billions-in-tokyo-real-estate-lure-activist-hedge-funds-20240418-p5fkwn