Forging strong partnership to transform future of Philippine real estate
It was a celebration of a strategic, groundbreaking alliance that is poised to transform the future of Philippine real estate.
Top officials of real estate giants Federal Land Inc. and Nomura Real Estate Development Co. Ltd. (NRE) of Japan came together last week for the highly anticipated launch of their joint venture company, Federal Land NRE Global Inc. (FNG).
FNG brings together the decades-worth of expertise of Federal Land, which is celebrating its 50th year in the business, and NRE to create landmark projects and masterplanned smart cities that will enhance and elevate residents’ lifestyles. This skillful integration of Japanese innovation and Filipino sensibility will no doubt create new and real value in the local real estate market.
Federal Land chairman Alfred Ty called this partnership with NRE as a perfect marriage of vision and values.
“We share a common long-term outlook, anchored on creating world-class developments that enrich the way people live. It’s a true synergy wherein we raise each other’s performance, whether in architecture, technology, construction, management, or most importantly, to the quality of service rendered to our customers,” Ty said.
“FNG is here to make a difference in the Philippine real estate arena and more importantly, in the lives of the communities we belong to—elevating living standards by introducing innovative design parameters from Japanese concepts and international best practices,” Ty explained. “We will introduce masterplanned communities in strategic locations, innovative features, sustainable solutions, and cutting-edge technologies that fit today’s evolving and modernizing lifestyle. That’s the vision of FNG.”
An important market
NRE chair Eiji Kutsukake, who flew in with his team for the occasion, meanwhile pointed out that the Philippines is one of the most important markets for their company, and as such, they are looking to further expand their presence here over the long term.
NRE’s continued investments, particularly in FNG, indeed signals an unwavering vote of confidence on the local real estate market. To recall, NRE’s collaboration with Federal Land started in 2017, along with Japan’s Isetan Mitsukoshi Holdings Ltd. Through Sunshine Fort North Bonifacio Realty Development Corp., the companies are currently building The Seasons Residences, an award winning, multi-tower residential complex, and the first MITSUKOSHI in the Philippines in Bonifacio Global City.
“FNG is not just a special purpose company [that will be on a] project by project basis, but a growing, constant company for a long time business in the Philippines,” Kutsukake said.
Read more: Philippine Daily Inquirer Online – News