East Japan Railway Company (JR East) and Itochu Corporation will form a strategic partnership in the real estate business field.
The two companies will move forward with discussions aimed at integrating the management of their subsidiaries, JR East Real Estate and Itochu Urban Community Development.
As a comprehensive real estate developer that combines the strengths of their railway and trading company networks, they aim to grow their real estate business through initiatives such as the acquisition and development of properties mainly along the JR East Group’s railway lines, which JR East Real Estate has been working on, and the condominium business under the “CREVIA” brand and rental property development business, which Itochu Urban Community Development has been promoting.
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