Real estate fund manager Patrizia has named Katsumi Nakamoto as president and representative director of Patrizia Japan.
The move is designed to accelerate the development of the Dublin-based firm’s presence in Japan and help meet the ambition to reach JPY300 billion (US$2.7 billion).
Nakamoto will report directly to Patrizia’s co-chief executive, Thomas Wels. According to Wels, Japan is “a key growth market for our company and a cornerstone of our internationalisation strategy”.
Nakamoto will be expected to develop investment opportunities in real estate as well as the growing proptech market in Japan.
Prior to taking up the role at Patrizia, Nakamoto was president and chief executive of Diamond Realty Management, a wholly-owned subsidiary of Mitsubishi Corporation.
© 2021 funds global asia