Key Takeaways
- • Japanese companies and investors held an estimated JPY 26.7 trillion ($169.8 billion) of overseas real estate in 2025, up 19 percent year over year, according to Sumitomo Mitsui Trust Research Institute.
- • Barings Real Estate Australia's James King and PAG managing director Masami Takizawa are scheduled to discuss how Japanese capital is deployed with fund managers and developers abroad at the Mingtiandi Tokyo Forum on 10 November.
- • Mitsui Fudosan Investment Advisors' Takayuki Fukui and Integral Real Estate's Tomohiro Sumiya will address yield-generating sectors and fund structures in Japan's domestic market.
- • Japan led all Asia Pacific markets with $42.5 billion in income-producing property trades in 2026, according to MSCI.
- • The third edition of the forum, held at the Mandarin Oriental Tokyo with more than 200 registered executives, will stream all 10 sessions live on Mingtiandi's MTD TV.
Summary
Japanese companies and investors held an estimated JPY 26.7 trillion ($169.8 billion) of real estate overseas in 2025, up 19 percent from a year earlier, according to Sumitomo Mitsui Trust Research Institute. The figure frames a session at the Mingtiandi Tokyo Forum on Tuesday, 10 November, at the Mandarin Oriental Tokyo, where Barings Real Estate Australia's James King and PAG managing director Masami Takizawa will discuss how that capital is working with fund managers and developers abroad. The session is moderated by Citco Fund Services executive vice president Xander Huang.
King heads investment management at Barings Real Estate Australia and has more than 20 years of experience across Australia, Asia and the Middle East. Barings, a subsidiary of US insurer MassMutual, remains one of the busiest overseas investors in Australian real estate. It agreed in July to pay Dexus A$700 million ($491 million) for 480 Queen Street in Brisbane, and a Barings-led consortium agreed in June to buy Melbourne's Moorabbin Airport from Goodman Group for A$1.5 billion, completing the purchase in the third quarter. According to Cushman & Wakefield, Japanese investors put more than $3 billion into Australian real estate in 2025 and more than $7 billion over the past three years, with roughly 30 percent going into build-to-rent housing.
Takizawa joined PAG in October after almost six years at Patrizia, where she headed Japan capital markets and served as representative director. PAG, which traces its Japan connection to 1997 and manages more than $55 billion in assets, closed Secured Capital Real Estate Partners VIII at $4 billion in February 2025 and is raising a core-plus and value-add fund targeting about $2.5 billion, according to president Jon-Paul Toppino. In June PAG agreed to take half of Auckland's PwC Tower, valuing the building at NZ$600 million ($349 million).
A separate panel will examine Japan's domestic market, with JLL Japan's Shai Greenberg moderating Fukui of Mitsui Fudosan Investment Advisors and Sumiya of Integral Real Estate. Mitsui Fudosan Investment Advisors manages about JPY 1.7 trillion across private funds and private REITs. Integral Real Estate Fund I, described as Japan's first discretionary real estate fund established by a domestic private equity manager, reached a final close of JPY 23.5 billion in May against a target of at least JPY 10 billion, according to the company. MSCI data shows Japan led Asia Pacific with $42.5 billion in income-property trades in 2026.
The forum has more than 200 registered executives, and all 10 sessions will be streamed live on Mingtiandi's MTD TV platform.
King heads investment management at Barings Real Estate Australia and has more than 20 years of experience across Australia, Asia and the Middle East. Barings, a subsidiary of US insurer MassMutual, remains one of the busiest overseas investors in Australian real estate. It agreed in July to pay Dexus A$700 million ($491 million) for 480 Queen Street in Brisbane, and a Barings-led consortium agreed in June to buy Melbourne's Moorabbin Airport from Goodman Group for A$1.5 billion, completing the purchase in the third quarter. According to Cushman & Wakefield, Japanese investors put more than $3 billion into Australian real estate in 2025 and more than $7 billion over the past three years, with roughly 30 percent going into build-to-rent housing.
Takizawa joined PAG in October after almost six years at Patrizia, where she headed Japan capital markets and served as representative director. PAG, which traces its Japan connection to 1997 and manages more than $55 billion in assets, closed Secured Capital Real Estate Partners VIII at $4 billion in February 2025 and is raising a core-plus and value-add fund targeting about $2.5 billion, according to president Jon-Paul Toppino. In June PAG agreed to take half of Auckland's PwC Tower, valuing the building at NZ$600 million ($349 million).
A separate panel will examine Japan's domestic market, with JLL Japan's Shai Greenberg moderating Fukui of Mitsui Fudosan Investment Advisors and Sumiya of Integral Real Estate. Mitsui Fudosan Investment Advisors manages about JPY 1.7 trillion across private funds and private REITs. Integral Real Estate Fund I, described as Japan's first discretionary real estate fund established by a domestic private equity manager, reached a final close of JPY 23.5 billion in May against a target of at least JPY 10 billion, according to the company. MSCI data shows Japan led Asia Pacific with $42.5 billion in income-property trades in 2026.
The forum has more than 200 registered executives, and all 10 sessions will be streamed live on Mingtiandi's MTD TV platform.
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