- Business
- Sumitomo Realty & Development Co., Ltd. engages in comprehensive real estate development, leasing, sales, and management primarily in Japan with expanding overseas operations. The company develops and leases high-quality office buildings such as Shinjuku Grand Tower and Roppongi Grand Tower; develops and sells condominium units including premium brands like La Tour, City Towers, and Grand Hills series, detached houses via J-URBAN and J-RESIDENCE custom series, and residential land; constructs and manages commercial complexes like Umeda Garden, Haneda Airport Garden, and Ariake Garden; operates rental apartments, hotels under Villa Fontaine, multipurpose halls via Bellesalle, fitness clubs through Esforta, restaurants, and golf courses; provides remodeling services including the Shinchiku Sokkurisan brand for seismic reinforcement and energy-saving retrofits; offers real estate brokerage, appraisal, and sales agency through subsidiaries like Sumitomo Real Estate Sales Co., Ltd.; and undertakes urban redevelopment projects, logistics facilities, and overseas developments in markets including India, the United States, Australia, Thailand, and China. Founded in 1949 as Izumi Real Estate Co., Ltd. and renamed Sumitomo Realty & Development in 1957, the company is headquartered in Shinjuku-ku, Tokyo, Japan, and operates as a member of the Sumitomo Group with subsidiaries handling property management, interior design, and asset utilization. It serves corporate clients with office leasing and retail consulting, and private customers with housing solutions, targeting urban markets in Japan and growth regions abroad. Recent developments include site acquisitions in Mumbai, India, for super high-rise mixed-use projects exceeding one million square meters in gross floor area and 500.0 billion yen in total cost, with additional sites in Bandra Kurla Complex (BKC) and commitments of $6.5 billion across five projects; the launch of an Energy-saving Renovation Task Force in July 2025 to promote insulation and decarbonization in existing homes; the formulation of the 10th Medium-term Management Plan in March 2025 focused on sustainable growth; a spin-off of the housing construction business to a wholly-owned subsidiary and name change of Sumitomo Real Estate Sales Co., Ltd. in November 2024; ongoing share repurchases and a stock split announced in November 2025; and structural reforms including establishment of a Nominating Committee and enhanced shareholder returns.