Sumitomo Realty & Development Co., Ltd. is a Japanese real estate development company headquartered in Shinjuku, Tokyo. It is a member of the Sumitomo Group.
It is one of the three largest real estate developers in Japan, alongside Mitsubishi Estate and Mitsui Fudosan. As of 2018, it has the second-largest real estate portfolio in Japan (after Mitsubishi), with a total value of 5.7 trillion yen.[2]
History
The company was founded as Izumi Real Estate Co., Ltd. in 1949 following the dissolution of the Sumitomo conglomerate. It adopted its current name in 1957.[3]
From the early 1960s, Sumitomo was active in developing and selling condominium properties.[4]