Financial Times FT.com

Grosvenor buys Japan’s property derivatives

By David Turner in Tokyo and Jim Pickard in London

Published: July 26 2007 21:58 | Last updated: July 26 2007 21:58

Japan’s first property derivative deal has been announced, marking a milestone for the young but rapidly growing global market.

Grosvenor, the British property company, has agreed “a small test trade” with Royal Bank of Scotland.

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