Photo shows (from L-R): Mr. Carmelo L. Bautista, GT Capital President; Mr. Thomas F. Mirasol, Federal Land President & COO; Mr. Takashi Kaku, Nomura Real Estate Development Co., Ltd. Executive Vice President; Mr. Daisaku Matsuo, Nomura Real Estate Development Co., Ltd. President and Representative Director; Mr. Atsushi Ogata, Nomura Real Estate Development Co., Ltd. Executive Officer; Mr. Alfred V. Ty, Federal Land Chairman; Mr. Francisco C. Sebastian, GT Capital co-Vice Chairman
28 Jan 2022 – Philippine real estate developer Federal Land, Inc. (Federal Land) signed a joint venture agreement with Nomura Real Estate Development Co., Ltd. (Nomura Real Estate), the second-largest real estate developer in Japan in terms of condominium unit turnover as of 2020 and the fifth largest in consolidated sales.
Nomura Real Estate will be investing USD324 million (approximately Php16 billion pesos), representing 34% of the total capital investment of the new company at Php48 billion pesos. It is envisioned to permanently redefine the Philippines’ real estate market through class-leading, advanced township developments.
This new company, Federal Land NRE Global, Inc., promises to deliver unparalleled excellence by developing a new urban lifestyle, creating value, and sustainable growth. As their initial project, it will incorporate four areas of land development with a total area of about 250 hectares in Metro Manila, Cavite, and Cebu. These include an initial pipeline of residential, office, commercial and industrial facilities. It is scheduled to start operations in April 2022.
“We have invested in a joint venture to accelerate business expansion in a rapidly growing market. We will build and aim for development here while promoting combined housing and commercial projects with Federal Land. We are committed to demonstrate the strengths of both companies through strong partnership, strategically favorable location, product differentiation, and the introduction of advanced added value,” said Nomura Real Estate Chair Eiji Kutsukake.
Federal Land and Nomura Real Estate were born from a conglomerate with beginnings in the financial industry. This means that close attention to detail, financial discipline, long-term perspective, and a sense of responsibility to clients who put their trust in them is in their DNA.
“Today marks a major milestone in the 50-year history of Federal Land. Our late founder, Dr. George S.K. Ty’s love for architecture has molded the company to expand its portfolio into delivering large-scale and quality developments. We are very delighted to bring our partnership with Nomura Real Estate, Japan’s top five developers, to greater heights.” said Federal Land, Inc. Chairman Alfred V. Ty.
“We intend to provide relevant real estate solutions that increase value over time and leave a positive mark for generations by building sustainable communities with distinct Japanese style and infused with Filipino sensibility,” said Ty.
Founded in 1957 in Tokyo, Japan, Nomura Real Estate engages in residential development, commercial property development, building leasing, and architectural design businesses across Japan, with business expansions in China, Vietnam, Thailand, and the Philippines.
Nomura Real Estate has not only dedicated itself to go beyond normal design boundaries but has also continuously explored new technologies that better serve the urban landscape of its properties. Under its quality residential brand PROUD, Nomura Real Estate has gained a reputation for quality in market-leading locations they are present in, bringing life and value to the environments they build.
“Nomura Real Estate will introduce advanced technologies and expertise localized for the Philippine market. The Group creates value through real estate development by leveraging its four strengths including a market-in approach that prioritizes living, working, and gathering; and a commitment to quality—which we shall present to the Philippine market,” said Nomura Real Estate President and Representative Director Daisaku Matsuo.
The joint venture is expected to bring milestone developments that mix Japanese inspiration with Filipino sensibility. It differentiates itself from other developers with its push for smart cities, the presence of Japanese retail concepts, and its client-first mindset. Ultimately, it aims to create value in townships with sustainable growth.
###About Federal Land, Inc.
Federal Land, Inc. is a wholly-owned subsidiary of GT Capital Holdings, a listed major Philippine conglomerate, whose investment holdings include Metropolitan Bank & Trust Company (Metrobank), Toyota Motor Philippines Corporation, Toyota Manila Bay Corporation, Toyota Financial Services Philippines Corporation, Sumisho Motor Finance Corporation, GT Capital Auto and Mobility Holdings, Inc., JBA Philippines, Inc., Premium Warranty Services Philippines, Inc., Philippine AXA Life Insurance Corporation, and Metro Pacific Investments Corporation.
For 50 years, Federal Land continues to create innovative and well-built property developments such as residential homes, commercial and retail spaces, modern office buildings, world-class hotels, and integrated communities.
The company launched several landmark projects by partnering with some of the international market’s biggest and most trusted names.
Federal Land believes that creating a core mix of residential and commercial properties can make self-sustaining communities that are dynamic and attractive places, to provide an unparalleled living experience that will let you enjoy life to the fullest.
About Nomura Real Estate Development Co., Ltd. Nomura Real Estate Development Co., Ltd. is one of the core companies of the Nomura Real Estate Group with a diverse range of real estate businesses, such as the development of residences, offices, retail facilities, logistics facilities, hotels, etc.
From the establishment of the company in 1957, the Group continues to meet customers’ expectations through resolving social issues.
The Group expands overseas business mainly of the residential development in Southeast Asia. In addition, the Group also accelerates overseas asset management business through M&A, such as Lothbury Investment Management in the UK.
For more information, please contact:
Jasmine Millicent Dulay
Senior Property Specialist