To members of the press

September 25, 2018

Nomura Real Estate Development Co., Ltd.

Nomura Real Estate Development Co., Ltd. (head office: Shinjuku Ward, Tokyo; President and

Representative Director: Seiichi Miyajima; hereinafter “Nomura”) announces regarding the PARK

Origin Thonglor condominium housing project in Bangkok, Thailand, in which Nomura decided to

participate in partnership with local developer Origin Property Public Company Ltd. (hereinafter

“Origin”) based on a decision made at its board of directors meeting held in October last year, that

sales will be launched in November 2018.

This will be the fourth project in Bangkok, Thailand and the first joint project for the Origin Group’s

urban luxury condominium PARK ORIGIN Series. In addition to establishing approximately 60 shared

facilities within the condominium buildings, 24-hour, hotel-like management services will be provided

through collaboration with InterContinental the global hotels chains, IHG. Furthermore, Nomura

formed joint enterprises with Origin in August of last year in three condominium housing projects in

Bangkok*1 as well as in December of the same year in a serviced apartment project*2, and will

promote the continuation of its excellent partnership in Bangkok, Thailand, which will see continued

remarkable development. Nomura also established a representative office in Bangkok in July in order

to further enhance market research and information collection systems.

4th Series Residential Project in Bangkok, Thailand

PARK Origin Thonglor

Housing Sales for Approximately 1,200 Units to Launch in November

*1 “Three Projects with over 2,000 Residential units: Nomura Real Estate Takes its First Step into Bangkok’s Housing Sales Market” https://www.nomura-

re.co.jp/cfiles/engnews/n2017082400144.pdf

*2 “Nomura Real Estate to Participate in Serviced Apartment Project “Staybridge Suites Bangkok Thonglor” in Bangkok, Thailand” https://www.nomura-

re.co.jp/cfiles/engnews/n2017121400152.pdf

*3 “Overseas Resident Office Established in Thailand” https://www.nomura-re-hd.co.jp/cfiles/engnews/n2018070200174.pdf

Conceptual drawing

The Nomura Real Estate Group has positioned overseas business as a growth field in its medium-

term business plan (effective until March 2025). Accordingly, it plans to invest approximately 300

billion yen in residential business and leasing business by the business term ending in March 2025,

the majority of which will target Asian countries where real estate demand is growing. Thus far,

Nomura has participated in development projects in Bangkok, Thailand; Ho Chi Minh City, Vietnam;

Shenyang, China; and Manila, Philippines, among other places. It now looks to utilize the know-

how accumulated in Japan in helping achieve “New Value, Real Value” in Asian nations that are

expected to see continued growth through condominium housing sales, leasing offices and such.

■Bangkok’s Residential Market

Bangkok’s Residential market is showing stable long-term growth that is driven by an expanding

population in the middle-income bracket. Strong demand for housing is therefore expected to

continue. At the same time, market needs are undergoing a shift from “quantity” to “quality” in line

with the city’s economic growth. The result is an environment in which Nomura’s store of know-how,

built in Japan’s condominium housing sector over many years, should prove to be highly suitable. In

light of such circumstances, Nomura will aim to accurately grasp local needs and generate

differentiation in both product quality and services to provide new value to the local populace.

■Proposals for Storage and Living Space

As needs are changing from “quantity” to “quality,” Nomura, together with its local partners, has

endeavored to grasp the needs and living situations of the local populace through collaborative

studies with several universities such as Kasetsart University and King Mongkuts University of

Technology Thonburi. Regarding storage sections, Nomura has realized storage and living spaces

that are better adapted to needs through negotiation with Origin. Nomura will continue to provide

new value while collaborating with its local partners also for product planning and quality

management sections which it has developed so far.

■Project Overview

The project is located in Thong Lo, Watthana District, known as being a luxury residential area in

Bangkok, and will emerge with a large scale of 1,182 units which is rare for the area. Many foreigners

live in the area including Japanese nationals and there is an agglomeration of international schools,

the latest restaurants and luxury supermarkets. The project is situated in Thong Lo Soi 10 which has

prospered as the center of the area since long ago and will be comprised of three super high-rise

condominium buildings with 39 floors, 53 floors and 61 floors, all on a wide lot of approx. 3,000

tsubo.

The project will take advantage of the large-scale development to establish approx. 60 shared

facilities within the condominiums as well as provide 24-hour, hotel-like management services

through collaboration with InterContinental the global hotels chains, IHG.

Of the four main services, the first is the concierge service which is provided between 6:00 am

and 2:00 am the next day. The second is housekeeping for which residents may select cleaning by

the day or by the week. The third is guest relations which is provided between 6:00 am and midnight.

The fourth is engineering services through which repair services and such are provided on a 24-hour

basis.

エントランス・共用部などのパース複数点

■Conceptual Images

All images are perspective views.

Left: Managing Executive Officer Katayama, Nomura Real Estate Development

Right: CEO Peerapong, Origin

■Scene from the Press Conference

■Project Outline

Location Watthana District, Bangkok, Thailand

Access 17-minute walk from Thong Lo Station on the BTS Sukhumvit Line

Site area Approx. 9,674.0 m2

Total floor area Approx. 80,892 m2

Exclusive area Approx. 44,087 m2

Structure (planned) 39 floors, 53 floors and 61 floors

No. of units

(planned)

1,181

Planned completion December 2021

■Locality Map

・・・The project ・・・Other participating projects

Map data: Google

KNIGHTS BRIDGE PRIME

Ratchayothin

KNIGHTS BRIDGE

Collage Ramkhamhaeng

KNIGHTS BRIDGE PRIME

Onnut

Palace

CBD

area

Foreigners’

residential area

Suvarnabhumi

International

Airport

Don Mueang

International Airport

Government

office district

CBD

area

PARK Origin

Thonglor

STAY BRIDGE

Thonglor

■ Nomura Real Estate’s Overseas Projects

Nomura Real Estate Group has announced the medium-term business plan (effective until March

2025) in year 2015, positioning to “actively expand its overseas business taking advantage of

Nomura’s product planning, service knowledge that has been built over the years in the Japanese

market.” In relation to the above, as for the Development field;

■Expand residential and commercial projects in Asian nations with growing real estate

demands expected from economic growth

■Collaborate with leading local partners

■Invest 300 billion yen by the business term ending in March 2025

【Medium-term business plan】https://www.nomura-re-hd.co.jp/english/ir/pdf/plan2016_presen_en.pdf

Nomura sets the above three strategies. Nomura will also “expand the investment management and

brokerage business to meet the Cross-border investment demands” as part of Nomura’s

service/management business, and actively absorb the in-bound and out-bound investment

demands through “strengthening the cooperation with Nomura Security Group, which has strong

relationship with number of investors.”

In addition to the project described in this press release, Nomura is a participant in joint

development projects involving condominium housing in Ho Chi Minh City, Vietnam; in Bangkok,

Thailand; in Shenyang, China; and condominium housing and commercial facilities in Manila, the

Philippines, serviced apartment in Bangkok Thailand, office building in Ho chi Minh City, Vietnam; in

Beijing, China.

Project area Ho Chi Minh City, Vietnam

No. of units Approx. 2,300

Completion Planned for 2019 and after

Description Condominium

Japanese

partners

Daiwa House Industry,

Sumitomo Forestry

Project area Manila, Philippines

No. of units Approx. 1,400

Completion Planned for 2025 (four

residential towers) and after

Description Condominium, Retail

Japanese

partners

Isetan Mitsukoshi Holdings

*Press release issued on September 29, 2015 Conceptual drawing

*Press release issued on July 10, 2017

Conceptual drawing

Project area Bangkok, Thailand

No. of units Approx. 863 units, 601units

and685 units

Completion Planned for 2020~2021

Description Condominium

Japanese

partners

―

Project area Bangkok, Thailand

No. of units 303

Completion Planned for 2019

Description Serviced apartment

Japanese

partners

―

Project area Ho Chi Minh City, Vietnam

Total floor area Approx. 32,000 ㎡

Completion 1997

Description Office building

Japanese

partners

―

Project area Beijing, China

Total floor area Approx. 55,000 ㎡

Completion 1989

Description Office building

Japanese

partners

―

*Press release issued on Aug 24, 2017

Conceptual drawing

Conceptual drawing *Press release issued on December 14, 2017

*Press release issued on January 14, 2018

*Press release issued on July 9, 2018