Marubeni completes real estate consolidation, launches JV with Dai-ichi Life

Marubeni Corporation (TSE:8002) announced the completion of its domestic real estate business consolidation with Dai-ichi Life Holdings, first announced on February 28, 2025. The consolidation involves a company split and partial share exchange. As part of this strategic move, Marubeni has launched a joint venture (JV) with Dai-ichi Life, named Dai-ichi Life Marubeni Real Estate Co., Ltd. The JV is capitalized at JPY500 million, with each company holding a 50% stake, and will focus on real estate asset management, offering services from development to property management. Tetsuji Yamamoto and Shinichiro Kaneko will serve as Representative Directors.