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$400m project to bring slice of Japanese living to Manila

Nomura, Isetan Mitsukoshi, GT Capital tying up in commercial-residential development

Unveiling Sunshine Fort on June 10 in Manila, from left, Eiji Kutsukake, chairman of Nomura Real Estate Development; Toshihiko Sugie, president and chief executive of Isetan Mitsukoshi Holdings; George Ty, founder of GT Capital Holdings; and Alfred Ty, chairman of Federal Land.

MANILA -- Federal Land, Nomura Real Estate Development and Isetan Mitsukoshi Holdings are teaming up on a $400 million mixed property development that will bring a slice of Japanese living to the Philippine capital.

Sunshine Fort will occupy a 15,000 sq. meter plot in the Bonifacio Global City business district in southern Metro Manila with four residential towers ranging from 41 to 51 floors above a retail complex. Construction will start early in 2018, with the first tower due for completion in 2022, and the overall project by 2025.

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