Japanese multi-family real estate investment club will receive $175m from APG. :
UBS Asset Management’s (UBS-AM) Real Estate & Private Markets (REPM) business and APG Asset Management have set up a new property investment venture to target residential properties in Japan. The Japanese multi-family real estate investment club will receive $175m (€153.6m) from the €485bn Dutch pension fund manager APG. UBS-AM will act as fund and asset manager for the venture, while APG will act as the key strategic partner for the strategy.