Overseas real estate business
Leveraging our knowledge and networks as a general trading company, we are collaborating with local partners as well as Japanese developers and construction companies to expand overseas. In the United States, ASEAN and China, we are currently involved in a wide range of projects including renting and selling units in large logistics facilities, large rental housing multifamily apartment blocks, data centers and industrial parks and investing in hotels and resorts.
Real estate in the United States
In North America, we have been focusing on the rental housing multifamily apartment development business in Charlotte, North Carolina and on investment in the development of logistics facilities in the suburbs of Atlanta, Georgia. Meanwhile, in Dallas, Texas, we have embarked on the rental housing multifamily apartment development business. ITOCHU plans to utilize the knowledge and experience it has accumulated in Japan in areas such as multifamily apartment rental housing and logistics facility development and REITs to continue actively expanding in the United States, including creating a value chain for the real estate development business and branching out into the real estate investment business.
Residential real estate in ASEAN
We are utilizing the ITOCHU Group’s partner networks around the world, the ITOCHU Group’s experience of residential housing development in Japan and its knowledge of product planning and sales strategy to expand the residential housing development business in Indonesia, Thailand and other ASEAN countries in a format most suited to each country. We have formed a partnership with the Sinar Mas Group, one of the largest conglomerates in Indonesia, in Jakarta and one with Magnolia Quality Development Corporation Limited, a developer associated with the CP Group, in Bangkok, to further promote the condominium development business.
Industrial real estate in ASEAN
For 30 years, we have been developing, selling and operating industrial parks to support overseas expansion by Japanese companies. In Indonesia, we have been in partnership with the Sinar Mas Group since 1992 to develop and operate Karawang International Industrial City, which has tenants such as Toyota, Daihatsu, Yamaha, Sharp, Ajinomoto, Unicharm, Kao and P&G. In Thailand and Vietnam, we have formed a capital tie-up with AMATA Corporation, a leading industrial park developer.
Industrial real estate in China
ITOCHU is utilizing its extensive experience of developing logistics facilities in Japan and knowledge of the global logistics business to conduct the logistics facility development business in China in partnership with Mapletree Investments Pte Ltd. Investments, the real estate arm of Singapore government. ITOCHU is also collaborating with its strategic partner the CITIC Group, to form an investment fund for data center facilities in China, and by combining the CITIC Group’s expertise with the ITOCHU Group’s knowhow in the real estate development and data center businesses, ITOCHU plans to provide solutions to meet strong demand for data centers in China.