Goldman to Double Japan Property Investment to $2.3 Billion (1)

Goldman Sachs Group Inc. plans to double its real estate investment in Japan, a person familiar with the matter said, adding to signs of foreign interest in the nation’s property market.

The U.S. bank will increase investment to about 250 billion yen ($2.3 billion) a year from the previous range of around 100 billion yen to 150 billion yen, said the person, who asked not to be identified. It will focus on logistics facilities, data centers and properties offloaded by corporate owners, the person said.

Goldman joins firms such as Blackstone Group Inc. and BentallGreenOak in stepping up investment in ...