Real Estate Business Dept.
The Real Estate Business Department and its operating companies are involved in a wide range of real estate businesses, with the condominium sales business in Japan, asset management business, and overseas real estate development business as core earnings drivers. Signs of a recovery in real estate transactions have gradually emerged for the first time since the global economic recession hit. A clear indicator of this is the domestic condominium residence supply, which increased for the first time in five years.
Consequently, in fiscal 2011 we intend to aggressively expand our condominium business and peripheral operations in Japan, as well as promote business development in rapidly growing China and Southeast Asia.
Sources of Strength
•Ample experience in the condominium business
The Real Estate Business Department has supplied approximately 75,000 residences since first entering the condominium business in the 1960s. Today, under the “Grand-Suite” brand, the division promotes business through an integrated system, together with operating companies, that encompasses everything from product planning and sales to post-sales management services.
• Substantial development experience in China’s housing business
In 1985, the department became the first Japanese real estate developer in China when it took part in a rental housing project for foreign nationals in Shanghai, China. This milestone was followed by establishment of a joint venture with local partners, and marked the department’s full-scale entry into China’s housing business. To date, the department has developed roughly 5,000 residences, including detached dwellings and condominiums.
• Experience in J-REIT and other asset management businesses
The department has rich experience and a strong track record in the asset management business. Operating company Japan REIT Advisors Co., Ltd., for example, is responsible for managing United Urban Investment Corporation, Japan’s largest comprehensive J-REIT (publicly listed real estate investment trust) in terms of assets.
News & Topics
Start of Sales for Residential Portion of Shenyang Multipurpose Development Project
Providing Quality Living Environments Through Condominium Development Business in Tokyo Metropolitan Area
United Urban Investment Corporation Becomes Leading J-REIT in Japan Through Merger
