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(From M&A Navigator)
MANAVIGATOR-May 25, 2011-GE Capital RE, Aberdeen team up in USD400m Tokyo property JV (C)2011 M2 COMMUNICATIONS http://www.m2.com
GE Capital Real Estate, the property financing unit of General Electric (NYSE:GE), said today it had formed a USD400m (EUR285m) joint venture with British Aberdeen Asset Management (LON:ADN) to invest in residential properties in Tokyo. In a joint press release, the two partners said that the new entity, dubbed The Tokyo Residential JV, will buy studio and one-bedroom …