Marubeni, Dai-ichi Life integrate real estate businesses in joint venture

Marubeni Corporation (TSE:8002) and Dai-ichi Life Holdings, Inc. are integrating their domestic real estate businesses, effective July 1, 2025. The move involves Marubeni undertaking a company split to transfer its domestic real estate development and asset management operations to its consolidated subsidiary, Marubeni Real Estate Development Co., Ltd. (MRED). Following the split, a partial share exchange will occur, making MRRED an intermediate holding company co-owned by Marubeni and Dai-ichi Life. Dai-ichi Life will contribute its non-consolidated subsidiaries – Sohgo Housing Co., Ltd. (SJ), Dai-ichi Life Realty Asset Management Co., Ltd. (DLR), and Dai-ichi Building Co., Ltd. (DB) – to the venture. The goal is to create a comprehensive real estate value chain under MRRED, leveraging both firms' expertise. Marubeni and Dai-ichi Life will each hold a 50% stake in the JV. They anticipate enhanced efficiency and competitiveness as a result, while aiming for a top-tier position in Japan’s real estate asset management sector.