Institution: Japan Post Bank
Headquarters: Tokyo, Japan
AUM: ￥226.8 trillion ($1.52 trillion, €1.43 trillion)
Allocation to alternatives: 4.49%
Japan Post Bank has announced its latest allocation to real estate, comprising ￥4.0 trillion ($26.73 billion, €25.25 billion) in capital, or 1.76 percent of its total alternatives allocation.
The firm has surpassed its original net IRR target of 5-6 percent and currently stands at 9.7 percent.
The bank’s real estate investments are mainly focused on the industrial and residential sectors in North America and Europe. It is currently overweight to the two sectors and underweight in office investments relative to the benchmark index. In the bank’s strategy allocation, 69 percent is invested towards core debt, 27 percent to core equity and the remaining 4 percent to non-core equity.
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