World Markets
Sumitomo Mitsui Trust to debut renovation funds for commercial property
Japan's market shifts to boosting value of existing sites as costly new builds lose appeal Sumitomo Mitsui Trust BankĀ intends to open a fund focusing on offices and rental housing in cities, with plans to add value through spaces for childcare support and startup networking. (Source photos by Nikkei) TOKYO — Sumitomo Mitsui Trust Bank will […]
By deepak Ā· August 9, 2026 Ā· 1 min read
Japan's market shifts to boosting value of existing sites as costly new builds lose appeal
Sumitomo Mitsui Trust BankĀ intends to open a fund focusing on offices and rental housing in cities, with plans to add value through spaces for childcare support and startup networking. (Source photos by Nikkei)
TOKYO — Sumitomo Mitsui Trust Bank will create funds to invest in renovations of properties such as urban offices andĀ hotels, meeting rising demand for such projects as growing costs make new construction less profitable.
Source: Read the original article on asia.nikkei.com
