Mitsubishi Estate is planning to plow more money into the U.K. as economic uncertainty and trade turmoil prompt the property investor to diversify beyond the United States.
The Tokyo-based developer is rethinking its allocations to the U.S., meaning Britain and continental Europe could see more investment from the firm, according to Masa Iwase, the company¡¯s senior executive officer and head of international business group.
While many Japanese investors had been ¡°very aggressive¡± in investing in the U.S. over the last five years, the market there is a ¡°little bit confusing right now,¡± Iwase said this week in an interview during the breaking-ground event of his firm¡¯s ?800 million (?160 billion) commercial project in London¡¯s South Bank.
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