Billionaire Mori Says Tokyo Real Estate Best Abenomics Bet
This article is for subscribers only.
Japanese billionaire Akira Mori said developing energy-saving buildings in central Tokyo is the best way to benefit from Prime Minister Shinzo Abe’s policies such as boosting the city’s competitiveness.
Mori Trust Co. may seek to acquire more land after it accumulated about 10,000 tsubo (33,000 square meters or 355,210 square feet) of space in the area, depending on how well Abe’s growth plan is implemented, said Mori, the owner of the nation’s most profitable closely held developer. Property prices in central Tokyo will probably increase as demand for buildings that are energy efficient and have disaster-prevention systems remain strong, he said.