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Japan’s Chikyoren hires TLC for domestic real estate mandate

By Hui Ching-hoo   
February 23, 2022

Japan’s Pension Fund Association for Local Government Officials, known locally as Chikyoren, has hired local property manager TLC REIT Management Inc. for a domestic real estate mandate of unspecified value.

The pension fund has also appointed Mizuho Trust and Banking to provide investment services for the mandate, it says in a brief statement on February 21. It did not say when the tender was opened.

This is Chikyoren’s third domestic real estate mandate in less than a year. One mandate was awarded to Mitsui Fudosan Investment Advisors last June and the other to Singapore-based investment firm GLP in July.

Chikyoren, Japan’s second largest pension fund, had 14.65 trillion yen (US$130.8 billion) of assets under management as of September 2021.