Japanese giants accelerating overseas real estate investment

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Dai-ichi Life Invests Overseas Real Estate After 26 Year Hiatus

 

Thursday, August 17th 2017

Dai-ichi Life, Japan’s 4th largest insurance company with total asset JPY 35.7 trillion  (USD 325 billion), has relaunched its overseas real estate investments after 26 years.

According to Nikkei News, Dai-ichi Life will be deploying JPY 10 billion (USD 91 million) into European real estate through fund of funds in September 2017, and plan to increase investment size as well as expand their reach into US and Australia in 2018.

Nikkei News reported that Dai-ichi Life has chose European investments as their first overseas investment location since their hiatus due to the lower currency hedge costs it offers.

In the 1980’s, Dai-ichi Life’s overseas real estate asset totalled to JPY 600 billion, however after the Japanese bubble burst, they stopped investing in overseas, and had zero assets left by 2001. This is the first time in 26 years they are investing in overseas real estate.

 

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