Isetan Philippines in planning

Aug 23, 2016Updated May 31, 20251 min read

A Japanese department store operator has set its eyes on the Philippines to build commercial-residential facilities by 2022.

Isetan Philippines will work with Nomura Real Estate Holdings to build properties in Manila. The project is projected to reach approximately $500 million.

The developer, a rival of Takashimaya, plans to erect four 40-story condo buildings with more than 1500 residential units on a 15,000 sqm lot.

Isetan’s parent, Isetan Mitsukoshi, will operate a department store and other commercial facilities on the lower levels of the buildings. The retail giant plans to offer products developed in-house in addition to local favourites..

According to reports, the Philippine project is part of Isetan Mitsukoshi’s Asia’s expansion amid Japan’s shrinking domestic market.

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Mei Ling Tan

Contributor · RetailNews.asia

Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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