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After 20-Fold Gain in Shares, Takara Leben Aims for Second Act

By Tony Seruga

Takara Leben starts Japan’s first listed infrastructure fund
Company bundling revenues of 10 solar plants into fund

In 2010, a small developer caused ripples in Japanese financial circles by becoming the first company to raise capital using a rights issue. Now it’s doing it again, this time by starting the nation’s first listed infrastructure fund.

Takara Leben Co. can never be accused of standing still. When the financial crisis battered its real estate business, the company returned to profit by winning customers from the nation’s elderly and building apartments generating power from the sun. Then, in 2013, it moved into developing its own solar plants. The firm is bundling the revenues from 10 of them into a fund that lists in Tokyo on Thursday…

After 20-Fold Gain in Shares, Takara Leben Aims for Second Act

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