TOKYO: China’s troubled Anbang Insurance Group has put its US$2.4bil property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company’s plans said.
The insurer is offering its entire portfolio of mainly residential buildings in Tokyo and other big cities after it failed to sell some of the assets last year, the sources said.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!