ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Isetan Mitsukoshi plans commercial complex in Philippines

Isetan Mitsukoshi Holdings plans to seek growth elsewhere amid a shrinking domestic market.

TOKYO -- Japanese department store operator Isetan Mitsukoshi Holdings will work with compatriot Nomura Real Estate Holdings to develop commercial-residential facilities in the Philippines. 

The property will be built in a suburb of the capital, Manila, and is slated for partial opening as early as 2022. Project costs are seen totaling around 50 billion yen ($497 million). 

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more