Written by: Amy R. Remo
He made an outstanding impression when he first brought his stamp of cutting-edge innovation, excellence and Japanese tradition to the Philippines several years ago.
Nomura Real Estate Development Co., Ltd., one of Japan’s largest real estate developers, then partnered with Federal Land, Inc., a wholly owned subsidiary of GT Capital Holdings, to create a first, Japanese-inspired, four-rise residential development in the heart of a progressive business district here in the Philippines, in collaboration with Isetan Mitsukoshi Holdings Ltd.
This partnership has enabled Nomura Real Estate to bring to the country the ingenious Japanese innovations and timeless, highly acclaimed designs that are poised to elevate known standards of space comfort, convenience and functionality.
Early on, Nomura Real Estate showcased its prowess, alongside Federal Land’s expertise in creating well-constructed developments, in its pilot project called The Seasons Residences, a mixed-use complex comprising high-end residences, selected equipment and the country’s first MITSUKOSHI.
Solid balance sheet
Nomura Real Estate Group, which was founded in 1957 in Tokyo, Japan, traces its beginnings to a lofty goal: to find meaningful ways to contribute to society through real estate. The company decided to direct its efforts towards the development of new cities and to enter the residential sector to help solve the housing shortage in Japan, a serious social problem after the Second World War.
Following the success of its initial operations, Nomura Real Estate Group diversified further into the condominium sector in 1963, followed by office development and related services such as property and facilities management and real estate brokerage.
Guided by its vision of creating “new value, real value”, Nomura Real Estate Group has remained attentive to the needs of a market whose lifestyles and preferences are constantly evolving.
Today, Nomura Real Estate remains the visionary it has always been for the past six decades.
Through its customer-focused approach that puts the people who live and spend time in its properties first and its market-driven approach that identifies customer needs, Nomura Real Estate is able to build cities that ” connect today with the possibilities of tomorrow and embrace every moment of life’s pursuits.
In addition to residences and offices, it now also develops commercial facilities, logistics facilities and hotels, with an impressive footprint that extends outside of Japan – central offices in Singapore, Beijing and Hong Kong, as well as projects in the Philippines, Vietnam, Thailand and the United States. Kingdom.
Excellent financial performance
In 2020, Nomura Real Estate was the second-largest real estate developer in Japan by condominium unit revenue and fifth by consolidated sales.
Since the fiscal year ending March 2021, Nomura Real Estate Group has provided some 83,000 homes for its PROUD brand alone, has a net leasable area of 827,000 m² and has a total of 152 properties developed for sale. It also manages approximately 1.8 trillion yen in assets for over 200 institutional investors.
In addition to having a stable financial base, extensive experience in property development and a strong client base, it has also earned respect in the industry, high valuations from its stakeholders, as well as numerous accolades and accolades from prestigious award organizations.
A new era in PH real estate
Perhaps this is why Nomura Real Estate’s arrival in the country and its first project here has caught the attention of Filipino buyers and investors.
More so when it was recently announced that Federal Land and Nomura Real Estate had signed an agreement to develop a 48 billion peso joint venture, aimed at redefining the Philippine real estate landscape through advanced, world-class township developments. Nomura Real Estate will invest 16 billion pesos, which represents approximately one third of the total capital investment.
The joint venture, called Federal Land NRE Global, Inc., will undoubtedly usher in a new era in real estate development in the Philippines, redefining the landscape with unparalleled excellence by developing a new urban lifestyle, creating value and ensuring sustainable growth.
“We are thrilled that this partnership has reached this stage, because in the real estate industry, Federal Land NRE Global will be a game changer, redefining and raising the bar for the Philippines,” said Alfred V. Ty, President of Federal Land .
“We believe this partnership will further deepen the relationship of mutual trust that has been fostered by the collaboration on Project Sunshine Fort, and will continue the synergistic effects based on the strengths of both parties,” said Daisaku Matsuo, President of Nomura Real Estate Development and Representative Director.
This strategic partnership was also welcomed by the Philippine Ministry of Finance, which highlighted its potential contribution to the overall progress of the Philippine economy.
“This will help create more business opportunities in the country, create thousands of quality jobs for our people, promote innovation and contribute to the collective effort to mitigate the effects of climate change through its commitment to building sustainable communities and smart cities,” Secretary of Finance Carlos G. Dominguez III said in a letter to Ty.
“Furthermore, this joint venture will provide the Filipino people with Japan’s distinctive mark of excellence that is sure to redefine the Philippine real estate market. I look forward to more innovations in the real estate industry led by Federal Land NRE Global, Inc. as it partners with the government to build a better, greener and more vibrant future for the Filipino people” , added Dominguez.
Scheduled to start operations in April, Federal Land NRE Global will comprise four land development zones totaling approximately 250 hectares in Metro Manila, Cavite and Cebu. Plans will include an initial pipeline of residential, office, commercial and industrial facilities.
These plans are expected to generate at least 6,000 new job opportunities in the first five years of operation, helping to support the Philippine economy as it recovers from this ongoing pandemic.
Indeed, this tremendous alliance marks a significant milestone for Federal Land, which is celebrating its 50th year of creating innovative and well-constructed real estate developments such as residences, commercial and retail spaces, modern office buildings, hotels world-class and integrated communities. .
Federal Land believes that building a core of residential and commercial properties can create communities that are self-sustaining, vibrant and engaging, and that can provide an unparalleled living experience that will allow you to enjoy life to the fullest. Over the past few years, the company has launched several flagship projects in partnership with some of the biggest and most trusted names in the international market.
This is undoubtedly an innovative partnership that will open up new horizons and pave the way for more innovative and progressive urban development in the country.
Federal Land is a wholly owned subsidiary of GT Capital Holdings, a major publicly traded Philippine conglomerate, whose holdings include Metropolitan Bank & Trust Company (Metrobank), Toyota Motor Philippines Corp., Toyota Manila Bay Corp., Toyota Financial Services Philippines Corp. , Sumisho Motor Finance Corp., GT Capital Auto and Mobility Holdings, Inc., JBA Philippines, Inc., Premium Warranty Services Philippines, Inc., Philippine AXA Life Insurance Corp. and Metro Pacific Investments Corp.
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