Mitsubishi Estate Co., Japan’s largest developer by value, may buy property managers to more than double assets under management to ¥4 trillion ($40 billion) within six years as Tokyo commercial rents slow.

Mitsubishi Estate, the main landlord in Tokyo’s priciest business district, is in talks to buy or form an alliance with a number of fund management companies, Chief Executive Officer Keiji Kimura said in an interview in Tokyo.

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