The four companies include Origin Prime 2, Origin Ramkhamhaeng, Origin Sphere and Origin Vertical, according to the company’s filing.
Origin CEO Peerapong Jaroon-ek said, the joint venture would create synergy and know-how transfer from Nomura, which is one of the top three developers in Japan.
“We will expand the development of the condominium and commercial buildings together. Also, this will help Origin Property to expand overseas,” he said.
Nomura Real Estate has been developing projects for over 60 years in Asia and the United States. It has a strong footprint in Japan, China, Hong Kong, Vietnam, Australia and the United States.
Nomura also develops other assets such as office buildings, hotels, service apartments, retails, warehouses and logistic business.
Meanwhile, Origin Property has revised the company’s business plan this year by launching 12 residential projects worth around 18 billion baht, up from the earlier proposal of 9 projects worth 15 billion baht.
Four of these developments have been introduced to the market and the remaining eight would be launched in the second half.
Along with the revision of the business plan, it also hiked up the revenue target from 6 billion baht to 9 billion baht as well as its presale target from 13 billion baht to 14 billion baht this year.