Sumitomo Mitsui Trust Bank Partners with Keikyu to Form Private REIT
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Sumitomo Mitsui Trust Bank has partnered with Keikyu Corporation to establish a private Real Estate Investment Trust (REIT). This collaboration aims to utilize Sumitomo Mitsui's expertise in real estate and Keikyu's development skills to create a stable REIT in the "Growth Triangle Zone" of Shinagawa, Haneda, and Yokohama. The bank plans to invest and send specialists to Keikyu Asset Management, targeting an asset under management of over 100 billion yen, supporting Japan's asset management growth.
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