a day ago
Dai-ichi Life, Marubeni Aim to Hold $21 Billion in Real Estate
Dai-ichi Life Holdings Inc. said that it aims to hold ¥3 trillion ($21 billion) in real estate assets with Marubeni Corp. by the fiscal year starting April 2030 through the integration of their property businesses, making it among Japan's biggest investors in the sector.
The new company plans to accelerate the growth of its listed real estate investment trust business and establish multiple private funds with Dai-ichi Life Insurance Co. as the core investor, spending ¥400 billion, a Dai-ichi spokesperson said.
