Daiwa to Expand Real Estate Trust Business as Low Rates Persist
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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.