Federal Land, Inc. partners with Nomura Real Estate for the first Mitsukoshi Mall

The Philippine real estate industry continues to enjoy steady growth attributed to, among other things, an equally steady increase in demand in the residential condominium segment. As the income of the middle to upper-middle class grows, their taste has also become more discerning. They are now more concerned about products that are reflective of their lifestyle choices and products that provide conveniences and comfort.

PROUD Tower Nagoya

Prime real estate developer, Federal Land, Inc., recognized this shift in demand. In one of their more recent forays, they have chosen to collaborate with another leading property developer from Japan, Nomura Real Estate Development, Co., Ltd., whose vision for quality, value, and customer satisfaction equals their own.

Artist’s Perspective of Mitsukoshi facade

Founded in 1957 in Tokyo, Japan, Nomura Real Estate Development Co., Ltd. is one of the affiliates of the Nomura Group of Companies which has a history of more than 90 years of investment banking experience. One of the more prominent members of this group is Nomura Securities, one of Japan’s largest financial institutions. The Real Estate Company engages in residential development, corporate real estate brokerage, commercial property development, building leasing, and architectural design businesses across Japan, and recently, in China, Vietnam, and Thailand.

Artist’s Perspective of The Seasons Residences

PROUD Tower Otsu

Nomura has not only dedicated itself to going beyond normal design boundaries, but has continuously explored new technologies that better serves the urban landscape of its properties. Under its quality residential brands, PROUD and OHANA, Nomura has gained a reputation for quality in market-leading locations they are present in, bringing life and value to the environments they build.

“As a company, we look for equally strong partners in every project. We consider it an honor to bring the excellence that Nomura Real Estate is known for and to share it with the Philippines. We’re very happy to find a good partner in Federal Land Inc. so we can transform our vision of integrating all that is precious to people and communities, into reality,” said Mr. Eiji Kutsukake, Chairman of Nomura Real Estate Development Co., Ltd.

The Seasons Residences is the first project of the partnership between Federal Land, Nomura Real Estate Development Co., Ltd., and retail giant, Isetan Mitsukoshi Holdings, Co. Ltd. It is a four-tower Japanese-inspired residential development which will be home to the first Mitsukoshi Mall in the country. It is currently under construction at Federal Land’s Grand Central Park in Bonifacio Global City. This venture promises to offer a harmonious, innovative and technology-led home that elevates the lifestyles of the growing population of discerning buyers.

“By combining our knowledge and enthusiasm with our high level of technical skills, we can offer the best products and services to the partnership,” Mr. Kutsukake said. The Seasons Residences benefits from Nomura’s expertise on design efficiency. Among other features, this translates to maximized storage spaces within the units, clean technology (where each unit will have tiles that minimize excess humidity, unpleasant odors and harmful substances in the air), and safety (the use of visco-elastic coupling dampers to reduce wind and earthquake vibrations). 

“In Japan, we experience a lot of natural disasters such as earthquakes, and there is a great need for safety among consumers. The Philippines also faces the threat of earthquakes, so we would like to spread the importance of safety to the market by using a Japanese earthquake vibration technology that can protect the buildings from, not just earthquakes, but typhoons as well.”

The partnership will also be building the much-anticipated Mitsukoshi Mall at the podium of the residential towers of The Seasons Residences. This four-storey retail development is set to provide a holistic Japanese shopping experience to the Philippine retail.

For more information about The Seasons Residences, call hotline at (632) 359-6756, email digital.mktg@federalland.ph or visit the showroom at 7th Ave cor. 34th St, Grand Central Park, North BGC, Taguig City (across the Lexus Manila Showroom).