News & Info

Participation in Townhouse Development Project in Indonesia

09 02, 2025

Shimizu Corporation (President: Tatsuya Shimmura), as part of its investment business strategy in the Republic of Indonesia, has recently entered into a strategic partnership with PT Agung Podomoro Land Tbk (APL), a leading listed real estate developer in Indonesia. As the first step of this collaboration, Shimizu participates in the townhouse development project undertaken by APL Group in Bandung, West Java. As a real estate developer, APL develops and operates a broad range of properties, including shopping malls, office buildings, hotels, residential apartments and houses, and superblock developments in Indonesia, and Shimizu had undertaken construction of high-end condominiums developed by APL in the past.

Takashimaya and Shimizu jointly acquire Commercial & Office Building Complex in Hanoi, Vietnam

12 09, 2019

In November 2019, Toshin Development Co., Ltd. (Head office: Tokyo; President: Shinsuke Kuramoto), a consolidated subsidiary of Takashimaya Co., Ltd. (Department store, Head office: Osaka; President: Yoshio Murata) and Shimizu Investment (Asia) Pte. Ltd. (Head office: Singapore; President: Haruhiko Sumi), a consolidated subsidiary of Shimizu Corporation (Head office: Tokyo; President: Kazuyuki Inoue) jointly acquired the shares of Hanoi Residential and Commercial Centre - HRCC Limited, which owns and operates INDOCHINA PLAZA HANOI, a commercial and office building complex in Hanoi, Vietnam. The equity interest of the two companies is 60% for Toshin Development and 40% for Shimizu Investment (Asia) Pte.Ltd.

Development of Serviced Apartments in Indonesia

11 07, 2017

Shimizu Corporation (President: Kazuyuki Inoue) will invest roughly 3.6 billion yen via its real estate business subsidiary in Indonesia and begin development of serviced apartments offering the livability and functionality of both hotel service and a condominium. The apartments will be developed in the Cikarang industrial park, in the eastern part of Jakarta, the capital, and development could start as early as mid-December. The Indonesian subsidiary of Shimizu has reached an agreement with the local subsidiary of Fujita Kanko Inc. on concluding a leasing agreement for the entire building under development. Shimizu resumed overseas investment development in 2011, but this will be the first time that Shimizu has undertaken the business on its own.

Embarking on Development Plans for an Office Building in Singapore

07 18, 2017

Shimizu Corporation (President: Kazuyuki Inoue) concluded a business agreement with the Singaporean-owned Afro-Asia Shipping Co. (Pte) Ltd. (AAS) on development and lease management of a high-grade office building in the business district of Singapore through Shimizu’s real estate subsidiary in Singapore. The investment in the joint venture was completed today. The total cost of the project is estimated at 26 billion yen. Shimizu has already partnered with local companies on the development of a condominium and data center, and this will be the company’s third development project in Singapore. Shimizu has its sights on development of high-grade office buildings throughout Asia in the future, and intends to use this development project as a showroom for joint venture partners and tenants.