TOKYO -- Life insurer Dai-ichi Life Holdings and trading house Marubeni are establishing a fund management company that will invest 400 billion yen ($2.77 billion) in Japanese real estate this fiscal year, collecting money from the nation's pension funds, which are less active in the sector than their overseas counterparts.
Property
Dai-ichi Life, Marubeni to launch $2.8bn Japan property fund
Companies eye increasing real estate sector demand from country's pension funds
Two major Japanese major public pension funds allocate less than 1% of their assets to real estate -- less than many overseas funds. © Reuters
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