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Tokyu Livable Announces the Establishment of Subsidiary (Subsidiary/Joint Venture in Taiwan)

May 4, 2014



TOKYO--(BUSINESS WIRE)-- TOKYU LIVABLE, INC. announces its decision to establish a subsidiary in Taiwan (as a joint venture in which it will hold an 80% stake) in order to expand support operations related to real estate investment in Japan from Taiwan.

Foreign real estate investment conducted domestically in Taiwan has been on the increase in recent years. In particular, investment in real estate in Japan has been gathering momentum owing to the undervalued Japanese yen.

Tokyu Livable has also noted an increase of transactions with Taiwanese investors in the last few years. The company has chosen at this time to establish a subsidiary in Taiwan after concluding that a further increase in business transactions is anticipated going forward.

Joint venture partner, TAI LUNG CAPITAL, INC., has deep ties with the Tokyu group, and has built a network of contacts with a multitude of affluent Taiwanese people through a variety of businesses.

Through this local subsidiary the company aspires to improve the agility of operations that support Taiwanese investors and further enhance brokerage business opportunities.

To date, the company has expanded its global business by establishing a subsidiary in Shanghai in 2012 and building an alliance with Singapore-based real estate company, OrangeTee.com, in 2013 in order to attract foreign investment to the Japanese real estate market. Tokyu Livable plans to continue to pursue activities focusing on Europe and East Asia and strive to enhance services for foreign investors.

 

Overview of subsidiary to be established

(1) Name: TOKYU LIVABLE(TAIWAN), INC.
(2) Address: Section 2, Dunhua South Road, Daan District, Taipei
(3) Representative: Takaki Makino (Chairman and General Manager)
(4) Capital: 22 million TWD (roughly equivalent to 77 million JPY)
(5) Equity ratio:

TOKYU LIVABLE, INC., 80%, TAI LUNG CAPITAL, INC., 20% (Joint Venture)

(6) Number of employees: 5 (including the Chairman)
(7) Date of establishment: April 2014
(8) Business start: April 2014
(9) Business description: Real estate brokerage, investment consulting, etc.
 

End of release




TOKYU LIVABLE(TAIWAN), INC.

Kyoji Yuhashi, +886-2-7711-1099


Source: Tokyu Livable, Inc.


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Source: Business Wire


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