KKR¡¯s Japan real estate management subsidiary plans a ¡°big expansion¡± in purchases of properties that companies want to sell off, a market the firm estimates is as big as ?450 trillion ($2.8 trillion), the unit¡¯s head said.
Japanese companies are facing pressure from policymakers and investors to divest non-core assets including real estate, and KJRM Holdings says it sees profit potential there. The KKR unit¡¯s real estate holdings jumped 20% to about ?2.53 trillion in 2025, among the biggest in Japan, according to KJRM Holdings¡¯ president, Naoki Suzuki.
¡°Corporate demand to sell real estate is very strong due partly to shareholder activists and that will likely be the case for three to five years,¡± Suzuki said in an interview. ¡°The trend of companies selling off their real estate holdings to improve capital efficiency will continue.¡±
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