(Adds Goldman Sachs comment, final paragraph)
CHICAGO Jan 24 Bidding began on Lehman
Brothers Holdings Inc's LEHMQ.PK real-estate assets in Japan
over the past week, The Wall Street Journal reported on
Saturday, citing people familiar with the matter.
When Lehman filed for bankruptcy protection in September,
so did its Lehman Brothers Japan Inc unit, which filed in
According to the Journal, two of Lehman Brothers Japan's
real-estate loan units, Lehman Brothers Commercial Mortgage KK
and Sunrise Finance Co, had liabilities totaling 748.4 billion
yen ($8.44 billion).
While Japan's Nomura Holdings Inc (8604.T) bought Lehman's
operations in Asia, Europe and the Middle East, it did not take
any debt held by the failed U.S. bank, the Journal said.
The Journal said first-round bids for the assets were
placed on Tuesday. Companies showing interest include funds at
Lone Star, Cerberus Capital Management LP [CBS.UL], Goldman
Sachs Group Inc's (GS.N) Goldman Sachs Japan Co., Blackstone
Group LP (BX.N) and a Nomura Holdings (8604.T) unit, the people
said, according to the report.
Lehman declined to comment and Goldman Sachs had no comment
on Saturday. Lone Star, Cerberus, Blackstone and Nomura could
not be immediately reached for comment.
(Reporting by Jessica Wohl; Additional reporting by Megan
Davies; Editing by Peter Cooney)