Japanese asset manager Sparx Group is looking to create a real estate investment trust with assets of around 30 billion yen, and will look to list the fund in 2016, according to a senior official.
The REIT will focus on purchasing and managing hospitals, retirement homes and research centres.
The REIT market in Japan is enjoying a revival, with the Tokyo Stock Exchange REIT index near its highest in seven years. The index is up 22% this year.
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