Aozora Co-finances Earthquake-Resistant Real Estate Promotion Project
OREANDA-NEWS. Aozora Bank, Ltd. announced its collaboration with The Bank of Yokohama, Ltd. in co-financing the second installment of a project aimed at promoting earthquake-resistant and environmentally-friendly real estate. Tosei Asset Advisors, Inc. will act as fund manager for the loan.
Aozora Bank and The Bank of Yokohama, entered into a partnership agreement with the Ministry of Land, Infrastructure, Transport and Tourism, and the Real Estate Sustainability & Energy-Efficiency Diffusion Association ('RE-SEED'), as part of a project which promotes the establishment of earthquake-resistant and environmentally-friendly real estate.
Financing for the second installment of this project was arranged by Aozora in accordance with the aforementioned partnership agreement, as well as a comprehensive business alliance concluded between the two banks in May 2007, in relation to investment banking aimed at corporate customers.
As a leader in the real estate finance business, the Bank will continue to actively expand its real estate securitization techniques, collaborating with regional financial institutions and other valuable business partners in order to contribute to the regeneration of regional real estate, towards its goal of becoming the 'Primary Secondary Bank: Another Reliable Partner' for its customers.
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