BentallGreenOak to Invest $11 Billion in Japanese Real Estate

BentallGreenOak will accelerate real estate investments and hiring in Japan, joining a growing number of global firms that are betting money can be made as local companies offload property assets.

The Canadian firm plans to invest more than ¥1.6 trillion ($11 billion) in Japanese property through 2027, mainly in office buildings and hotels, according to BGO’s Asia Chairman Fred Schmidt.

“There is a huge opportunity here,” Schmidt said in an interview. The fund has many projects under negotiation, he said. With the business expansion, BGO plans to double its Japan workforce of over 30 employees, Schmidt added.

The investment ...