A Japanese retirement asset manager in charge of $110bn (€82bn) is set to re-ignite pension fund interest in the recovering domestic real estate market, having proposed a ¥650bn (€4bn) allocation.

Tokyo's Pension Fund Association, which manages about $110bn in retirement assets for the private sector, chiefly in bonds and equities, is considering an investment in properties that generate high rental income, such as office buildings, according to a report in the Nikkei newspaper.