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Home / Media OutReach / Condominium “The Seasons Residence” in Manila, Philippines, Receives the Highest Award in the Philippines and Five Stars in the Asia Pacific Region in “International Property Awards” Recognizing Excellent Real Estate Projects

Condominium “The Seasons Residence” in Manila, Philippines, Receives the Highest Award in the Philippines and Five Stars in the Asia Pacific Region in “International Property Awards” Recognizing Excellent Real Estate Projects

-Product planning ability cultivated in domestic condominium business and solid construction design highly evaluated-

TOKYO, JAPAN – Media OutReach – 4 August 2021 – Nomura
Real Estate Development Co., Ltd. (Head office: Shinjuku-ku, Tokyo, President
and Representative Director: Daisaku Matsuo; hereinafter “the Company”)
announced that The Seasons Residence, a condominium in Manila, Philippines,
promoted jointly by the Company, Isetan Mitsukoshi Holdings Ltd. (hereinafter
“Isetan Mitsukoshi HDS”) and major Filipino real estate company Federal Land
Incorporated, received the highest award for the Philippines, the five-star
recognition, making it a candidate to compete against other countries in the
Asia Pacific region under the Residential High-Rise Development category of the
International Property Awards which recognizes excellent real estate projects across
the world. This was the first time for the Company to receive such award.


 


(Upper
left) Perspective drawing of overall appearance, (Upper right) Logo of ASIA
PACIFIC PROPERTY AWARD 2021-2022 FIVE STAR, (Lower left) Amenity space of
“Japan Concept” evoking the four seasons of Japan, (Lower middle) Vibration
damper (image)


 


The Seasons Residence is a residential building in a large-scale,
mixed-use development in Bonifacio Global, the second largest financial
district in Metro Manila. It consists of four condominium towers with
commercial facilities on the lower floors and is the first mixed-use development
based on a joint partnership between Japanese real estate developers and the
retail company in the Philippines. It received the
five-star award for being the first residential project to have a unique
Japanese concept – from the building design of Nikken Sekkei Ltd to the various
building features such as the vibration dampers installed in each tower, tested
to withstand earthquakes, typhoons and other natural disasters.


 


■ About International Property Awards


The International Property Awards is one of the greatest and most prestigious
awards recognizing excellent residential and commercial real estate projects in
the world. It focuses on design, quality, service, innovation, originality and
sustainability, and projects leading the industry are recognized by the evaluation
committee consisting of more than 80 industry experts. It selects the recipient
of the highest award in nine regions namely the Africa, Asia Pacific, Arabia,
Canada, Caribbean, Central & South America, Europe, UK and USA as well as
the world’s highest award in the International Property Award for more than 45
targeted fields.


 


■ Overview
of The Seasons Residence








Address

8th Avenue, 1630, Bonifacio Global City, Taguig City, Metro Manila

Lot
area

Approx.
15,000 m2

Total
floor area

Residential
section: approx. 120,000 m2 (total of 4 buildings);

Commercial
section: approx. 28,000 m2

Size

4 buildings

(3
underground floors + 54 aboveground floors for tallest building)

*Residential
section: 3rd aboveground floor to 54th aboveground floor for tallest building

*Commercial section:
1st underground floor to 3rd aboveground floor

Total
no. of housing units

Approx.
1,400

Schedule

Entire
project scheduled for completion in 2027


■ About the Overseas Business of Nomura Real Estate
Group


The Nomura Real Estate Group(hereinafter “the Group”) has positioned
its overseas business as a growth field in its Mid to Long-term Business Plan
and plans to invest approximately 300 billion yen in its overseas business by
the fiscal year ending March 2028. In addition, the Group has set a policy to expand
the ratio of profit earned from its overseas business to 15%–20% of total
profit by then. Since its entry into overseas business, the Group increased the
number of participating projects under the business system of providing added
value to local partner companies and consumers in each country as its largest
strength by utilizing the quality and various knowledge on project process
management, etc. it has cultivated through residential and office developments
in its domestic businesses until now.


In addition, in recent years, the Group has proceeded with
the establishment of overseas local bases and the promotion and training of
local personnel in countries into which it has expanded in order to strengthen business functions
that enable deep involvement in a wide range of business phases such as
planning, promotion and sales based on local characteristics instead of simply
making net investments or partly joining projects. The Group continues to aim
for business expansion and participation in new businesses in countries into
which it has already expanded such as Thailand, Vietnam, Philippines and China
as well as sustainable growth of





















overseas business through such initiatives.


 



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