Daiwa to expand real estate trust business amid low rate regime

Daiwa to expand real estate trust business amid low rate regime

Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano

Daiwa Securities Group Inc. is expanding its real estate investment trust business as low-interest rates continue to drive investors into domestic property funds.

Japan’s second-biggest brokerage is preparing to start a new private-placement REIT and considering having existing trusts issue new shares to raise money for expansion, said Toshio Fukushima, president of its Daiwa Real Estate Asset Management Co. unit.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter