Dai-ichi Life and Marubeni-affiliated REITs to merge, expanding funding capacity to ¥500 billion in assets

Dai-ichi Life Group and its Marubeni-affiliated asset manager announced that their affiliated REITs will merge. Assets under management after the merger will be approximately ¥300 billion, and the companies aim to increase assets to ¥500 billion over the medium to long term.

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The story

Dai-ichi Life Group and Dai-ichi Life Realty Asset Management, a Marubeni-affiliated asset manager, announced on the 8th that their affiliated real estate investment trusts (REITs) will merge.

Assets under management after the merger are expected to total approximately ¥300 billion, which would place the entity around seventh among unlisted private REITs in Japan. As competition intensifies, the company aims to expand its asset base to ¥500 billion over the medium to long term.

At a glance

Business partnerDai-ichi Life Group and a Marubeni-affiliated asset manager to merge

Date and timeReportedly announced on the 8th

ScaleAssets under management after the merger: approximately ¥300 billion

NatureIntegrate their affiliated REITs

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The NikkeiNews

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