To members of the press
July 18, 2019
Nomura Real Estate Development Co., Ltd.

Second Multi let Office Investment in Ho Chi Minh City

Nomura Real Estate Development Acquires
Office Building “Zen Plaza”
Nomura Real Estate Development Co., Ltd. (head office: Shinjuku-ku, Tokyo; President andRepresentative Director: Seiichi Miyajima; hereinafter “Nomura”) hereby announces theacquisition of 100% ownership interest in the office building “Zen Plaza” owned and managed
by Zen Plaza Co., Ltd. in Ho Chi Minh City, Vietnam. This will be Nomura’s second building
acquired in the office business in Ho Chi Minh City.
The building is an office building facing Nguyễn Trãi Street in District 1, Ho Chi Minh City, andbeing located in the central part of Ho Chi Minh City where there are many Vietnamese fashionboutiques, the surrounding area is often crowded with shoppers and business workers.
Previously to Zen Plaza, Nomura has acquired ownership interest in Sun Wah Tower, *1 a multi
let office, and has participated in the condominium project Phú Mỹ Hưng Midtown Project*2. InJune 2019, Nomura established an overseas subsidiary, NOMURA REAL ESTATE VIETNAM CO.,LTD., *3 and it eyes further business development in Ho Chi Minh City as considerable growth isexpected to continue in the future.

The Nomura Real Estate Group has positioned its overseas business as a growth field in its new Midto Long-term Business Plan (effective until FY March 2028), and it plans to invest approximately 300
billion yen in its overseas business by FY March 2028. Moreover, it has a policy to expand theoverseas business toward a profit ratio of 15-20% among all profit by the end of FY March 2028.
Nomura will continue to proactively develop its overseas business by expanding operations incountries to where it has already advanced such as Thailand, Vietnam, the Philippines, China, andthe United Kingdom, and by exploring business developments in new countries.
*1: Nomura Real Estate’s First Investment for Office Building in Asia Pacific https://www.nomura-re-hd.co.jp/cfiles/engnews/n2018012200155.pdf*2: Introducing the “Midtown Project” https://www.nomura-re-hd.co.jp/cfiles/engnews/n2015100100075.pdf*3: Nomura Real Estate Holdings Establishes New Subsidiary in Vietnam “NOMURA REAL ESTATE VIETNAM CO., LTD.” https://www.nomura-re-hd.co.jp/cfiles/engnews/n2019062400205.pdf

1: Project Outline
This building faces Nguyễn Trãi Street in District 1, Ho Chi Minh City, and this area is popular foroffice workers because the main business district is easily accessible and because there aremany Vietnamese fashion boutiques in the area.
Approximately 90% of the companies that occupy the building are foreign companies, and ofthe 90%, approximately 70% are Japanese companies. The building has been preferred byJapanese corporations for quite some time now. Utilizing the office building operationmanagement knowledge that Nomura has cultivated in Japan, we will continue to roll out areliable, secure, and comfortable office building business.
2: Outline of Property
Location

District 1, Ho Chi Minh City, Vietnam

Site area
Total floor area
Net leasable area
Number of floors
Ownership ratio
Completion
Main contractor

Approx. 1,400 m2
Approx. 17,000 m2
Approx. 11,700 m2
14 floors above ground, 2 below
100％1999
Shimizu Corporation

3: Locality Map

Independence
PalacePeople'sCommittee

Bến Thành Market

New World HotelSaigon RiverZen Plaza

Sun Wah Tower(headquarters of NOMURA REALESTATE VIETNAM CO., LTD)

4: Proactive expansion of overseas business
The Nomura Real Estate Group has positioned its overseas business as a growth field in its new
Mid- to Long-term Business Plan (effective until March 2028) announced in April 2019. Thus far,the Group has participated in various development projects and has conducted investment inoffice buildings in Ho Chi Minh City, Vietnam; Bangkok, Thailand; Shenyang, China; and Manila,
Philippines, among other locations.
Moreover, in June 2019, Nomura established NOMURA REAL ESTATE VIETNAM CO., LTD., its
fifth local office in an Asian country following those in Beijing, Hong Kong, Singapore, andThailand. The Group looks to achieve “New Value, Real Value” in Asian nations that are expected
to see continuing growth by utilizing its store of know-how cultivated through its housing andoffice businesses in Japan.
■ List of Main Projects and Development Schedule (planned)
Main use

Total operations

FY17/3 to FY19/3

FY20/3 to FY22/3

Ratchayothin, Bangkok

Residence

823 units

Startedconstruction

Completedconstruction

Onnut, Bangkok

Residence

601 units

Startedconstruction

Completedconstruction

Ramkhamhaeng, Bangkok

Residences

685 units

Startedconstruction

Completed
construction

Thonglor, Bangkok

Servicedapartment

303 units

Startedconstruction

Thonglor, Bangkok

Residence

1,236 units

Startedconstruction

Completed
construction

Sukhumvit 24, Bangkok

Servicedapartment

411 units

Startedconstruction

Completedconstruction

Ratchathewi, Bangkok

Residence

264 units

Startedconstruction

Completedconstruction

Rama 4, Bangkok

Residence

501 units

Completedconstruction

Completedconstruction

Phú Mỹ Hưng, Ho Chi Minh City

Residence

Approx. 2,400 units

OfficeApprox. 32,000 m22CountryProject

Thailand

VietnamSun Wah Tower, Ho Chi Minh City*
Zen Plaza, Ho Chi Minh City*Shenyang

FY23/3 to FY25/3

Completed
construction

Completed
construction➡ Shareholders’ equity

OfficeApprox. 17,000 m➡ Shareholders’ equity

Residence

Approx. 4,100 units

Completed
construction

OfficeApprox. 55,000 m2

Residence,commercial

Approx. 1,400 units

China
Beijing Fortune Building, Beijing*

Philippines

ManilaApprox. 28,000 m2➡ Participation in operations
Startedconstruction

Completed
construction* Indicates existing properties. Moreover, numbers in total operations does not indicated ownership by Nomura、but numbers of entire property.

ThailandPhilippines

VietnamPhú Mỹ Hưng Midtown Project,architecture perspective drawing

Sun Wah Tower

China

Thonglor (residence)architecture perspective drawing

Thonglor(serviced apartments)
architecture perspective drawing

Beijing Fortune Building

Manila mixed property development
architecture perspective drawing