Sumitomo Mitsui Trust Bank Establishes Fund for Redeveloping Existing Real Estate

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Sumitomo Mitsui Trust Bank has established an investment fund for existing real estate in 2025 through a jointly owned company with emerging real estate developer Staple. The move comes as rising labor and material costs make new construction more expensive and harder to turn a profit. The fund aims to revitalize regional areas by developing hotels as core assets and surrounding restaurants and other facilities to create vibrant communities. In sourcing properties, it is collaborating with six regional banks—Akita, Ashikaga, Gunma, Kochi, Juhachi Shinyo, and Chugoku—as well as major travel agencies. The first investment is a hotel in Nihonbashi, Tokyo, with plans for investments in Shodoshima, Kagawa Prefecture, and Hakodate, Hokkaido. After the redeveloped properties achieve stable operations, the bank is considering selling them to long-term holding funds to allow individuals and local businesses to invest in small amounts. In the realm of existing property redevelopment, Mizuho Financial Group also established an office renovation fund in 2025, and Norinchukin Bank is advancing investments in collaboration with a U.S. real estate services company.

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Staple Inc.Private▲ Positive
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Jointly owns the fund with Sumitomo Mitsui Trust, gaining investment opportunities.

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