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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