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Japan Post and Mitsui join forces for real estate assets

The trading company Mitsui & Co. and the life insurance company Japan Post Insurance (JPI) are forming a capital and business alliance in the asset management business, including real estate. Under the new company, Mitsui will establish a new private real estate fund in which JPI will invest, aiming for assets of several hundred billion yen (100 bn yen = 700 million euros). Mitsui will hold a 51% and JPI a 49% stake.

Link to Source (Japanese)

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