Secured Capital eyes Espoir Omotesando for Ralph Lauren in Tokyo
Secured Capital Japan(SCJ), the Tokyo-based private equity real estate investment firm, emerged as the likely buyer for Espoir Omotesando in Omotesando, a fashionable area of Shibuya, Tokyo, for a price said to be about JPY29 billion ($348 million), according to reports.
Purchasing will be made through a consortium led by SCJ, the Wall Street Journal report said. The building currently has US fashion brand Ralph Lauren, which in 2006 took out a lease on the 22000 sq m...
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