Odakyu Electric Railway Co has bought a stake in Salesforce Tower, Sydney’s tallest office building, the latest example in a $6 billion wave of investment that has re-established Japanese companies as major players in Australia’s property market.
The return that has brought some of Japan’s biggest corporate names into Australian real estate, ranging from investments in premium office towers, to greenfield housing estates, CBD build-to-rent apartment blocks and construction firms.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
