- TOP
- Enriching＋TOP
- Pushing forward diverse real estate businesses across Asia, from offices, housing, logistics and retail facilities, to urban development
2023.10.1
Business
Pushing forward diverse real estate businesses across Asia, from offices, housing, logistics and retail facilities, to urban development
This content was originally published in April 2023.
Taking on challenges in the Asian real estate market
Sumitomo Corporation has been engaged in the real estate business ever since its predecessor, a port developer by the name of The Osaka North Harbour Company Limited, founded in 1919. Throughout its long history as an integrated trading company, Sumitomo Corporation has always positioned its real estate business as one of its core undertakings.
Leveraging our real estate business in Japan as our foundation, we will continue to further accelerate our business in Asia and other parts of the world by making maximum use of our expertise accumulated in a range of fields, including office buildings, retailfacilities, housing, logistics facilities, built-to-suit (BTS) development, and real estate fund management.
Supporting Japanese corporations in Indonesia
It was in the 1970s that Sumitomo Corporation embarked on the real estate business in Asia, its first venture being a mixed-use complex development project in Bangkok, the capital of Thailand. The business subsequently expanded to cover a wider area including Singapore, Indonesia, China, Taiwan, India and Vietnam.
In 1985, we began operating an office building named Summitmas in Indonesia, with its second building completed in 1992, both of which are mainly rented by Japanese corporations. In addition, Warehouses 1 and 2 were constructed in Jababeka, West Java in 2016 and 2019, respectively. These warehouses are also being used as logistics bases for Japanese entities.
The Sumitomo Corporation Group comprehensively undertakes the development, management and operation of all the office buildings and warehouses in Indonesia. Our ongoing goal is to provide a secure operational base for our tenants, helping them smoothly conduct business in the local region.
Furthering business in a variety of countries/regions and fields
Housing for general consumers is another field we focus on, for example, in cities around China's Yangtze River Delta, Jakarta and its surrounding cities in Indonesia, and Gurugram, India. Our basic business model in housing projects is to develop and market properties mainly through joint ventures set up with local developers. With steady population growth expected to continue in Southeast Asia and India, we hope to offer a continuous stream of high-quality housing properties that will not only help accommodate the expanding population, but also serve as a base for their residents' comfortable lives.
In the retail facilities segment, we entered the Chinese market ahead of other markets. In 2015, we made inroads into the property management business across China and invested in Shanghai Realin Commercial Management, our business partner, to operate and manage retail facilities. Leveraging its know-how, we have joined in a mixed-use project combining housing, office, retail facilities and a hotel in 2022.
Our latest challenge is the large-scale urban development project in Hanoi, Vietnam, which involves developing a smart city in stages at a location with high potential, midway between the heart of the city and the airport, by applying Sumitomo Corporation's integrated corporate strength. To build a safe and comfortable futuristic city, efforts are under way to combine our know-how on city building with technologies and systems associated with mobility, IT/ICT, and energy management.
Expanding business by utilizing our global networks
The goal of our real estate business in Asia is to expand it in both depth and scope. While looking out for more business opportunities in countries where we already engage in real estate business, we are also making decisive advances into unexplored countries and regions by harnessing the Sumitomo Corporation Group's global network.
In the real estate business, business practices and the competitive environment differ markedly by country and region. We aim to make maximum use of information provided by our colleagues around the world, information on potential partners, and information gathered by colleagues engaged in real estate so that we can seize every opportunity available in each country/region.
The Sumitomo Corporation Group is determined to continue opening up the frontier of real estate business in Asia by fully tapping into the hands-on culture of undertaking ongoing property management with local partners, our real estate business know-how accumulated over long years, our business management capacity, and our strength in the global network.
Recommend
2025.6.27
Business
Fulfilling communities and lives with smiles and compassion: Five Featured Articles on Sumitomo Corporation's Diverse Urban Development Group
2025.5.13
Business
Saving a Rail Line in Crisis: How an Urban Rail Rehabilitation Project Transformed Manila
2025.3.25
Business
Creating New Value in Kanda: How Terrace Square and KANDA SQUARE Are Shaping a Thriving Community
2025.2.19
Business
Crafting Specialist Paths at Sumitomo Corporation: A Career in Real Estate Focused on Building Communities
2025.1.31
Business
WORLD BIZ+ ―Exploring the Reality of the Workplace Vol.1― A Day In the Life of a Young Employee Working in an Industrial Park in Bangladesh
2025.1.28
Business
Sumitomo Corporation's "Second Birthplace" in Kanda – Public-Private Partnership for Urban Planning that's Fun to Explore
2024.11.12
Business
Developing an Industrial Park in Bangladesh from the Ground Up – Sumitomo Corporation's 30+ Year Track Record Mobilizes Government
2024.9.20
Business
Emi Terrace Tokorozawa opens at the west exit of Tokorozawa Station: A 10-year Urban Development Initiative of Seibu Group and Sumitomo Corporation
2024.4.26
Business
Sumitomo Corporation Explores the Optimal Solution for Logistics Facilities Through SOSiLA
2024.1.24
Business
Town Creation, Not Real Estate Development. Integrated Trading Company Sumitomo Corporation Engages With Communities.
2023.10.2
Business
North Hanoi sustainable city: international city concept to lead a new ASEAN era
2023.10.1
Business
Grand Opening of Terrace Mall Matsudo: Enriching and Bringing Fun to Everyday Life
2023.10.1
Business
"Thomas Edison of Tohoku" IG Kogyo―Inventor of pioneering metal siding
2023.10.1
Business
Expanding real estate investment in the United States
2023.10.1
Business
”Sumitomo Corporation quality” created by commitment to basic functionality and integrated strength –Condominium business
2023.10.1
Business
Working with tenants and customers to enhance the value of facilities ―Retail facility business―
2023.10.1
Business
Providing safe and secure access to water resources around the world
2023.10.1
Business
ORIGINS Chennai starting up in the “Detroit of South Asia”
2023.10.1
Business
Providing manufacturing companies with integrated and continuing support through the industrial park business
2023.10.1
Business
Providing safe and comfortable residential and commercial real estate
Ranking
2025.8.29
Business
Sumitomo Corporation's Soaring Commercial Aviation Business: Powered by the World's Second Largest Aircraft Leasing Operation
2025.1.31
Business
WORLD BIZ+ ―Exploring the Reality of the Workplace Vol.1― A Day In the Life of a Young Employee Working in an Industrial Park in Bangladesh
2025.7.29
Culture
Making the Jump to an Integrated Trading Company: A Second-Year Manager Takes on the Challenge of Building a Base in Bengaluru, India with a 10-Year Vision
2025.8.27
Business
WORLD BIZ＋ ―Exploring the Reality of the Workplace Vol. 3― Vietnam’s Supermarket Business Opening the 19th Store – Challenging Japanese-Style Chain Expansion
2025.5.22
Culture
From Sumitomo Corporation to President of Tiffany Japan, the Sumitomo Spirit Lives On: "Passionate Beginners Can Outperform Experts"
