Goldman Sachs raising USD 500 mln to invest in Japanese data centres - report
Goldman Sachs is raising a Japan real estate fund, targeting around USD500 million for property deals in the country, according to Business Times Singapore, citing people familiar with the deal. The fund will deploy a value-add investment strategy, which typically seeks returns in the mid-teens, and will focus on data centres, logistics, residential and hospitality assets. It's aiming for its first close by the end of March, according to the report. Goldman Sachs declined to comment.