EconomyItochu Urban Development and JR East Real Estate to Integrate and Pursue Expansion
As rising land prices in the Tokyo metropolitan area make it harder to secure sites for condominium projects, Itochu Corporation and JR East are joining forces in the real-estate business. They will establish a new company called JR East Itochu Real Estate Development. Using the distinctive Crevia brand, the company plans to focus on high-value-added offerings. Easing constraints related to asset efficiency is expected to support a stronger push for expansion.
TToyo Keizai★★★☆☆2026-07-23 20:35Original
Itochu Urban Development and JR East Real Estate to Integrate and Pursue Expansion
Economy