Keihanshin Building invests in Seattle multifamily development

Keihanshin Building (TSE:8818) is expanding its overseas business with an investment in a Seattle multifamily residence, aiming to accumulate know-how and knowledge in the U.S. market. The development, planned in partnership with MacNaughton Inc. and Quarterra Multifamily Communities, will feature three buildings totaling 796 units on a 16,000 sqm site. Located near the University of Washington and the University Village shopping mall, the property will include amenities such as a swimming pool, fitness center, and cinema. Expected completion is slated for fiscal year 2028. Other Japanese companies are also participating in the project through a partnership with MacNaughton as Japanese companies, including Nomura Real Estate Development Co., Ltd. and Kintetsu Real Estate Development Co., Ltd. This marks Keihanshin's second project in the U.S., aligning with its Long-Term Business Plan focused on equity and overseas investments.