Ashikaga Bank has completed its investment in “ふるさとパートナーズ,” an asset management company aiming to establish a REIT. The company is targeting the launch of REIT operations in summer 2029, with assets under management expected to reach ¥50 billion.
It was announced today that Ashikaga Bank had completed its investment in “ふるさとパートナーズ,” an asset management company aiming to establish a REIT. Part of the shares held by NBI Holdings and PROSPER were transferred, with Ashikaga Bank newly joining the platform.
“ふるさとパートナーズ” is a platform for establishing a REIT centered on revitalizing local tourism. It accepts investments from regional financial institutions and corporate partners to promote regional development in each area.
The company plans to launch REIT operations in summer 2029, with assets under management expected to total ¥50 billion at launch. It aims to expand that figure to ¥200 billion in approximately 5 years thereafter.
Chugoku Bank, Tokyu Land Corporation, Bank of The Ryukyus and The Yamanashi Chuo Bank have already joined, and Ashikaga Bank has newly joined the platform. With Ashikaga Bank’s participation, the company plans to strengthen investment in hotels, inns and other properties, primarily in Tochigi Prefecture.