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(株)エルエルアイ出版
〒103-0004
東京都中央区東日本橋2-27-4 靴下会館6階
TEL 03-3868-0738
FAX 03-5809-3650
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Daily News |
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Japanese |
Acquired shares of restige Corporate Development, LLC / Daiwa House Industry, Stanley Martin Holdings
Daiwa House Industry Co., Ltd. (Headquarters: Kita-ku, Osaka City, Osaka Prefecture, President Keiichi Yoshii) announced on May 11 (May 10, U.S. time) that Stanley Martin Holdings, LLC, a group company engaged in the single-family housing business in the United States, announced that We have entered into an agreement to acquire all equity interests in Prestige Corporate Development, LLC (hereinafter referred to as "Prestige"), a land development and land preparation company, through Stanley Martin (hereinafter referred to as Stanley Martin).
Prestige Corporate Development, LLC has sales of 104.5 million USD (as of December 2023), delivered 523 lots (as of December 2023), and 174 full-time employees (as of March 31, 2024).
In its 7th Medium-Term Management Plan, which ends in fiscal 2026, the Daiwa House Group aims for sales of 1 trillion yen and operating income of 100 billion yen in its overseas business. The company plans to develop sales of 730 billion yen by developing businesses such as condominiums and condominiums. The company aims to increase the number of units delivered from 6,568 units in 2023 to over 10,000 units in 2026.
For details, see Housing Journal Wood Technology July 2024 issue article
(released on June 15th)
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