Japan’s Rail Operator to Diversify to Se Asian Real Estate

• Proeksa Meas
• 9 December 2016
• Local News
• 1076 Views

Japan’s state owned bullet train operator is aiming to invest around USD4 billion in residential and office properties in Southeast Asia in order to reduce its dependence on the Japanese economy.

Kyushu Railway Co. will raise the funds to invest in Southeast Asian property for the first time though an Initial Public Offering (IPO). Though responsible for operating Japan’s world famous railway, Kyushu is no stranger to the sector as it makes the majority of its profit through property and stations.

In addition to real estate, the company also operates restaurants in Shanghai and Tokyo. JR Central, the nation’s busiest bullet train operator, also has a restaurant in London.