In a sign that Japan's moribund real-estate market is coming back to life, a Japanese-led consortium is set to acquire the iconic Ralph Lauren building in central Tokyo for $350 million, in one of the largest real-estate transactions this year, according to people familiar with the matter.
Secured Capital Japan, a real-estate investment fund, is set buy the property, along with other investors. Deka Bank, Germany's largest manager of property funds, is the main lender. The sale is set to close as early as next week, according to the people.
Ralph Lauren's flagship store in Omotesando—one of the poshest addresses
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