Daiwa Securities Group Inc. Enters Real Estate Market
Daiwa Securities Group Inc. has announced plans to launch a real estate fund in partnership with Osaka-based developer Samty Holdings and fund manager Hillhouse Investment.
The fund aims to raise 100 billion yen, targeting Japanese rental housing and hotels. These sectors are considered more resilient to inflation.
Key details of the fund include:
- Target investment sectors: Japanese rental housing and hotels
- Fundraising goal: 100 billion yen
- Partners: Samty Holdings and Hillhouse Investment
This move comes as the Japanese market continues to experience growth, despite a recent decline in new condo prices. The company’s decision to enter the real estate market is likely to be well-received by investors, given the current demand for property in Japan.