“To be successful overseas, we must think global but act local”Ryusei Kajiyama, President, Biken Techno Corp. “We became one of the first Japanese real estate companies to invest in Australia”Toshiyuki Sonobe, President, Daibiru Corp. In line with the revival of the domestic real estate market, Japanese firms have been aggressively investing abroad. In 2017, they poured some $3.5 billion into overseas real estate assets, 70 percent more than in 2016 and well over double the ten-year average up to 2016, according to a study by U.S. developer JLL. Meanwhile, Tokyo-based CBRE Research estimates that Japanese indirect outbound real estate investment could reach $15.3 billion a year in the coming years.
So far, Japan’s largest players, such as Tokyu Land Group, Mitsui, Mitsubishi Estate and Mori Trust, have put a large…
