A US$7 billion bet Japanese workers return to office life
Takashi Nakamichi and Takako Taniguchi, Bloomberg News The Shibuya crossing in Tokyo, Japan , The Canadian Press
Security Not Found
Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.
The unit of Canadaâs Sun Life Financial Inc. plans to double staff and invest US$10 billion in Japan over the next two to three years, of which as much as 70 per cent may go into office buildings in the countryâs major business districts, said Chief Executive Officer Sonny Kalsi.
A $7 billion bet Japanese workers return to office life Sorry, but your browser needs Javascript to use this site. If you re not sure how to activate it, please refer to this site: https://www.enable-javascript.com/
Morning commuters exit a train station in Tokyo in May. Like their peers around the world, Japanese companies are grappling with how to use office space once the coronavirus is defeated. | BLOOMBERG
Bloomberg Dec 17, 2020
Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.
The Canadian insurer’s real estate arm plans to double staff and invest $10 billion (about ¥1.03 trillion) in Japan over the next two to three years, of which as much as 70% may go into office buildings in the country’s major business districts, said Sonny Kalsi, chief executive officer of BentallGreenOak.
Author of the article:
Takashi Nakamichi and Takako Taniguchi
Publishing date: Dec 17, 2020  â¢Â December 17, 2020  â¢Â 2 minute read  â¢Â
Article content
(Bloomberg) â Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.
The unit of Canadaâs Sun Life Financial Inc. plans to double staff and invest $10 billion in Japan over the next two to three years, of which as much as 70% may go into office buildings in the countryâs major business districts, said Chief Executive Officer Sonny Kalsi.
We apologize, but this video has failed to load.
Try refreshing your browser, or
A $7 Billion Bet Japanese Workers Return to Office Life Canada’s BentallGreenOak plans to invest billions of dollars in Japanese office real estate over the next three years. Bloomberg | Dec 17, 2020
(Bloomberg) Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.
The unit of Canada’s Sun Life Financial Inc. plans to double staff and invest $10 billion in Japan over the next two to three years, of which as much as 70% may go into office buildings in the country’s major business districts, said Chief Executive Officer Sonny Kalsi.
“We don’t think that work from home is going to be a big long-term trend in Asia overall and in Japan specifically,” Kalsi said in an interview. “That’s part of the reason we are bullish on Japanese offices more so than any other market.”
A US$7 billion bet Japanese workers return to office life
Takashi Nakamichi and Takako Taniguchi, Bloomberg News The Shibuya crossing in Tokyo, Japan , The Canadian Press
Security Not Found
Real estate investor BentallGreenOak is wagering billions of dollars that Japanese workers will return to the office after the pandemic.
The unit of Canadaâs Sun Life Financial Inc. plans to double staff and invest US$10 billion in Japan over the next two to three years, of which as much as 70 per cent may go into office buildings in the countryâs major business districts, said Chief Executive Officer Sonny Kalsi.