Ralph Lauren Building in Omotesando to be sold for USD350 million

ralph-lauren-omotesandoSecured Capital Japan and other investors are to buy the iconic Ralph Lauren building (also called Espoir Omotesando) along Omotesando Avenue for USD350 million in one Japan's biggest real estate transactions of the year.

The building is to be acquired by the end of the month. Along with Secured Capital Japan, other investors include Orix and Trinity Investment. The total purchase price is 31 billion JPY with the three investors providing 7 billion JPY and the remaining 24 billion JPY to be provided by Germany's Deka Bank.Read more