Tokyu Livable, one of Japan’s largest real estate services firms, has acquired 22.5 percent shares in OrangeTee.
The new partnership will enable OrangeTee and Tokyu Livable to tap on each other’s network of investors, expertise and in-depth knowledge of the real estate markets in the region for cross-border opportunities across Asia. It will also help OrangeTee establish a firm foothold in Japan and the Southeast Asian markets.
The pipeline initiatives includes real estate market research, brokerage, project consultancy, cross-border brokerage, client advisory and corporate leasing. OrangeTee website plans to offer investment listing information and research reports from Singapore and Japan to provide market insights to investors.
Steven Tan, Managing Director of OrangeTee. “While we continue to strengthen our core business [in the Singapore domestic market], we should also explore other opportunities to tap into the ASEAN and Asian growth story. Tokyu Livable’s new commitment as an equity partner will add impetus to our shared vision of growth in the foreseeable future.”
OrangeTee’s Japan Business Development Unit (JBD) has made inroads into Japan since May 2013 with the support of Tokuji Murata from Tokyu Livable as an adviser.
Yoshihiro Nakajima, Representative Director and President of Tokyu Livable, said, “OrangeTee and Tokyu Livable’s close partnership over the past year has cemented our mutual confidence in each other’s capabilities. Tokyu Livable appreciates OrangeTee’s important and complementary role to our current businesses. With an aligned and common vision to create world class services businesses, we look forward to a long and fruitful cooperation with OrangeTee.”
Muneerah Bee, Senior Journalist at PropertyGuru, wrote this story. To contact her about this or other stories email muneerah@propertyguru.com.sg
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