Federal Land, Nomura Real Estate form joint venture

Published August 10, 2022, 12:50 PM

by Bernie Cahiles-Magkilat

Federal Land Inc., the real estate arm of Ty Group’s GT Capital Holdings, and Japan’s Nomura Real Estate Development Co. Ltd. (NRE) have expanded their partnership as it forged a new joint venture to elevate experiences and deliver unparalleled excellence to introduce a new way of living in the country.

The forging of the new joint venture company – Federal Land NRE Global Inc. (FNG) — marked the 50TH anniversary celebration of premiere Philippine real-estate developer Federal Land, Inc. led by Federal Land Chairman Alfred Ty and NRE Chair EijiKutsukake.

“Together as Federal Land NRE Global, Inc. (FNG), the group sets to introduce a new way of living,” said a statement by Federal Land.

Both parties see a combined century of impressive local and international real estate experience, outstanding business performance, and comprehensive expertise in all aspects of property development and management. Through Federal Land NRE Global Inc., Federal Land and Nomura Real Estate Development are bringing their respective stellar capabilities intended to elevate the way urban developments are undertaken.

FNG aims to integrate the best of Japanese innovation, technology, and design with Federal Land’s extensive knowledge of the Philippine market and solid reputation for well-built and innovative properties located in key cities in Metro Manila, South Luzon, and Cebu.

“This is 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,” said Ty.

The joint venture aims to elevate the living experience of customers through the unique fusion of Japanese innovation with Filipino sensibility in its soon-to-be-seen milestone developments. FNG differentiates itself through its push for sustainable smart cities, the presence of Japanese concepts, and its client-first mindset. Through this strategic partnership, Federal Land’s local foothold is bolstered by NRE’s world-class prowess.

The result is a brand of new-level developments that pave the way to better and more dynamic lifestyles for Filipinos.

Ty said, “We aim to make a difference. We want to create real-estate solutions that will elevate the living experience of customers to a higher level. 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.”

The initial project under FNG incorporates 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.

This endeavor also aims to create 6,000 job opportunities within the first five years of operations, such as administrative, engineering, and construction-related roles. This is just the beginning of plans carved and set to realize in the next 30 years, as FNG aims to establish its presence in the country and introduce a new lifestyle for the Filipinos.

FNG expands a previous tie-up between Federal Land and NRE. Along with Japan’s Isetan Mitsukoshi Holdings Ltd., the proponents first collaborated on The Seasons Residences, a four-tower high-end residential development at Bonifacio Global City featuring distinct Japanese innovations. The partnership also brings the first MITSUKOSHI to the Philippines.

The success of The Seasons Residences cemented NRE’s confidence in Philippine real estate. Kutsukake shared, “When we were looking for prospective investment opportunities outside Japan, we thought of the Philippines based on our experience with The Seasons Residences. The success led us to understand and foresee the country’s positive market potential and dramatic growth. It also solidified our trust in Federal Land since our first project together further proved that they share the same

philosophy as NRE—and that is to build better products with high quality elements while nurturing respect for each other.”

Ty added, “We have common roots and beliefs. Both originated from financial institutions. Both hold quality and excellence sacred. And both have had decades of real estate experience in our respective markets. NRE’s unrelenting pursuit of innovation, understanding the customer’s needs, and disciplined business practices mirror our own at Federal Land. This joint venture is a triumph of mutual respect, acknowledgment of respective competencies, and a fruitful celebration of cultural and technological exchange.”

“Launching FNG is an important milestone for Federal Land, a fitting landmark in our timeline as we celebrate our 50th year this 2022. We are also looking forward to supporting the economy’s recovery and opening global opportunities to the country,” said Ty.

“We are thrilled to share our expertise and expand our services further in the Philippines alongside Federal Land,” replied Kutsukake. “With FNG, we are creating more value to provide opportunities and nurture communities in various metropolises in the Philippines.”

Established in 1957, Nomura Real Estate Development Co., Ltd.

boasts a diverse range, including residences, offices, retail facilities, logistics facilities, and hotels.