• Kyodo News


Daiwa Securities Group Inc. will invest in a real estate investment trust, or REIT, affiliated with K.K. daVinci Holdings, a major player in the property investment fund market, sources said Wednesday.

Daiwa will invest more than ¥10 billion to take an equity stake of about 13 percent in DA Office Investment Corp. and is also expected to purchase all shares in a daVinci fund management subsidiary, K.K. daVinci Select, in a major push into the REIT business, according to the sources.

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