22 Oct '17, 10pm

#Mitsui eyes property in #Singapore and consumers in #Asia for growth

#Mitsui eyes property in #Singapore and consumers in #Asia for growth

MITSUI and Co, one of the largest sogo shosha, or general trading houses in Japan, is planning to set up a Singapore real estate investment unit as part of the group's ambitious transformation. The move, expected by the end of the year, is among Mitsui's efforts to build new core businesses in mobility, healthcare, nutrition and agriculture as well as retail and services. The firm will look to invest in commercial and industrial buildings such as data centres and warehouses, said Taku Morimoto, chief executive officer of Mitsui & Co (Asia-Pacific) Pte Ltd and Singapore country head. sentifi.com Market voices on: "In Singapore it's a little bit in an oversupply position now, but it's kind of a cyclical business," he told The Business Times in an interview. "In the long term we see the growth opportunity." The move will strengthen Mitsui & Co's activity in the property marke...

Full article: http://www.businesstimes.com.sg/companies-markets/mitsui-...

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