TOKYU LAND ASIA
Tokyu Land Asia ("TLA") is a company incorporated in Singapore which is the wholly owned subsidiary of Tokyu Land Corporation ("TLC"), one of Japan’s prominent real estate developers established in 1953. TLC is a major subsidiary of Tokyu Fudosan Holdings Corporation ("TFHD"), which is listed on the Tokyo Stock Exchange and included in the Nikkei 225 Index. TFHD is also included in the Dow Jones Sustainability Index (Asia Pacific) since 2012. As at 31 March 2021, TFHD had revenue of JPY 907 billion (MYR 34.9 billion) and total assets of JPY2,652 billion (MYR 102 billion).
TFHD |
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Diversified Japanese conglomerate listed on the Tokyo Stock Exchange with more than 170 subsidiaries and more than 23,000 employees |
100% |
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TLC |
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Primary commercial real estate development and investment arm of TFHD |
100% |
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TLA |
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Southeast Asia Regional investment arm for TLC’s real estate business |
TLC and its subsidiaries, as a comprehensive real estate company, has developed and managed a wide range of assets in both Japan and overseas including offices, shopping complexes, condominiums, hotels and resorts, student and senior housings, logistics, and renewable energy plants.
Within Japan, TLC has led the urban development for the Greater Shibuya Area in Tokyo with both ongoing and completed projects, including the large scale redevelopment of Shibuya Station district. In addition, TLC and its subsidiary are sponsor and manager of two REITs listed on the Tokyo Stock Exchange – Activia Properties Inc. and Comforia Residential REIT, Inc – as well as one private REIT, Broadia Private REIT, Inc., and the total Assets Under Management exceeds JPY 1,000 billion (MYR 38.5 billion).
Outside Japan, TLC and its subsidiaries have substantial real estate investment and development projects mainly in Indonesia, the United States and China. It started residential development projects in Indonesia in 1975 and in Singapore in 1980. It also established a subsidiary in the United States in 2012 and has since invested and developed office and residential projects in Los Angeles, New York, Seattle and other cities.