Japanese investors eye Australian residential real estate
Asahi Kasei Homes, the owner of NSW’s biggest home builder, will expand into land development in coming years to secure the supply of new greenfields land and keep Newcastle-based NEX Building Group expanding.
NEX director Koji Naganawa – the board representative of majority owner AKH, which also owns Brighton Homes in Queensland, builder Weeks in SA and Wilson Homes in Tasmania – said the company wanted to expand into land development by itself, but would enter joint ventures if necessary.
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