Japanese insurance companies strengthening real estate investment
With Japanese government bond yields on a downwards trend, major insurers have been turning their focus towards investment in real estate and infrastructure projects.
The Dai-Ichi Life Insurance Company has joined forces with Goldman Sachs Asset Management to acquire a number of rental apartment buildings across Tokyo. They recently purchased six buildings for 12 billion Yen (118 million USD) and plan to spend as much as 100 billion Yen over the next few years on additional acquisitions.Read more