SYLA Technologies Launches a Second Condominium Brand SYFORME NEXT
SYLA Technologies has announced two significant developments through its subsidiary SYLA Co. First, the launch of SYFORME NEXT, a new condominium brand serving as the second line of SYFORME-branded properties. Second, the company has secured a contract to provide property management and building maintenance services for multiple SYFORME and SYFORME NEXT properties owned by a private fund managed by BlackRock's Real Estate business.
This development follows a collaboration agreement with BlackRock's Real Estate business in December 2023 and the subsequent sale of four SYFORME buildings to BlackRock in January 2024. The first property under the new brand is SYFORME NEXT MUKOJIMA, located in Sumida-ku, Tokyo.
SYLA Technologies ha annunciato due sviluppi significativi attraverso la sua sussidiaria SYLA Co. In primo luogo, il lancio di SYFORME NEXT, un nuovo marchio di condomini che funge da seconda linea di proprietà brandizzate SYFORME. In secondo luogo, l'azienda ha ottenuto un contratto per fornire servizi di gestione immobiliare e manutenzione degli edifici per molteplici proprietà SYFORME e SYFORME NEXT di proprietà di un fondo privato gestito dal business immobiliare di BlackRock.
Questo sviluppo segue un accordo di collaborazione con il business immobiliare di BlackRock nel dicembre 2023 e la successiva vendita di quattro edifici SYFORME a BlackRock nel gennaio 2024. La prima proprietà sotto il nuovo marchio è SYFORME NEXT MUKOJIMA, situata a Sumida-ku, Tokyo.
SYLA Technologies ha anunciado dos desarrollos significativos a través de su subsidiaria SYLA Co. Primero, el lanzamiento de SYFORME NEXT, una nueva marca de condominios que actúa como la segunda línea de propiedades bajo la marca SYFORME. Segundo, la compañía ha asegurado un contrato para proporcionar servicios de gestión de propiedad y mantenimiento de edificios para múltiples propiedades de SYFORME y SYFORME NEXT pertenecientes a un fondo privado administrado por el negocio inmobiliario de BlackRock.
Este desarrollo sigue a un acuerdo de colaboración con el negocio inmobiliario de BlackRock en diciembre de 2023 y la posterior venta de cuatro edificios de SYFORME a BlackRock en enero de 2024. La primera propiedad bajo la nueva marca es SYFORME NEXT MUKOJIMA, ubicada en Sumida-ku, Tokio.
SYLA Technologies는 자회사 SYLA Co.를 통해 두 가지 중요한 개발을 발표했습니다. 첫 번째는 SYFORME NEXT의 출범으로, 이는 SYFORME 브랜드의 두 번째 라인으로서 새로운 콘도미니엄 브랜드입니다. 두 번째로, 이 회사는 BlackRock의 부동산 비즈니스가 관리하는 사모펀드 소속의 여러 SYFORME 및 SYFORME NEXT 부동산에 대한 부동산 관리 및 건물 유지보수 서비스를 제공하는 계약을 체결했습니다.
이 개발은 2023년 12월 BlackRock 부동산 비즈니스와의 협력 계약 이후 이루어졌으며, 2024년 1월에 BlackRock에 SYFORME 건물 4채를 판매한 후에 진행되었습니다. 새로운 브랜드 하에 첫 번째 부동산은 도쿄 스미다구에 위치한 SYFORME NEXT MUKOJIMA입니다.
SYLA Technologies a annoncé deux développements significatifs par l'intermédiaire de sa filiale SYLA Co. Tout d'abord, le lancement de SYFORME NEXT, une nouvelle marque de condominiums servant de deuxième ligne de propriétés sous la marque SYFORME. Deuxièmement, l'entreprise a sécurisé un contrat pour fournir des services de gestion immobilière et de maintenance des bâtiments pour plusieurs propriétés SYFORME et SYFORME NEXT appartenant à un fonds privé géré par l'entreprise immobilière de BlackRock.
Ce développement fait suite à un accord de collaboration avec l'entreprise immobilière de BlackRock en décembre 2023 et à la vente subséquente de quatre bâtiments SYFORME à BlackRock en janvier 2024. La première propriété sous la nouvelle marque est SYFORME NEXT MUKOJIMA, située à Sumida-ku, Tokyo.
SYLA Technologies hat zwei bedeutende Entwicklungen durch ihre Tochtergesellschaft SYLA Co. angekündigt. Erstens wurde SYFORME NEXT vorgestellt, eine neue Wohnanlage, die als zweite Linie der unter dem Namen SYFORME gebrandeten Immobilien dient. Zweitens hat das Unternehmen einen Vertrag zur Bereitstellung von Immobilienmanagement- und Gebäudeverwaltungsdiensten für mehrere SYFORME- und SYFORME NEXT-Immobilien, die einem von BlackRock verwalteten privaten Fonds gehören, gesichert.
Diese Entwicklung folgt einer Kooperationsvereinbarung mit dem Immobiliengeschäft von BlackRock im Dezember 2023 und dem anschließenden Verkauf von vier SYFORME-Gebäuden an BlackRock im Januar 2024. Die erste Immobilie unter der neuen Marke ist SYFORME NEXT MUKOJIMA, die in Sumida-ku, Tokio, liegt.
- Secured property management contract with BlackRock's Real Estate business for multiple properties
- Expanded business model with launch of second condominium brand SYFORME NEXT
- Strengthened strategic partnership with BlackRock following previous building sales
- None.
Insights
The launch of SYFORME NEXT and expanded collaboration with BlackRock represents a significant strategic development for SYLA Technologies. The property management contract with BlackRock's Real Estate fund demonstrates growing institutional confidence in SYLA's operational capabilities and brand value. This follows their December 2023 collaboration agreement and subsequent sale of four SYFORME buildings in January 2024.
The deal enhances SYLA's recurring revenue stream through property management fees while providing a reliable institutional buyer for their development projects. This business model reduces development risk and improves capital efficiency. BlackRock's involvement also adds credibility to SYLA's brand in the Japanese real estate market, potentially attracting more institutional partners and retail investors to their crowdfunding platform.
The expansion into a second brand line with SYFORME NEXT indicates market demand and could accelerate SYLA's growth trajectory in the competitive Tokyo real estate market. The strategic location in Mukojima, a developing area in Tokyo, suggests careful market positioning.
Secures Property Management and Building Maintenance Services Contract for Projects Owned by a Private Fund Managed by BlackRock's Real Estate Business
TOKYO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- SYLA Technologies Co., Ltd. (Nasdaq: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, announced that its subsidiary, SYLA Co., Ltd (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto) (“SYLA Co.”), has launched its new condominium brand, SYFORME NEXT.
In addition, SYLA Co. has been contracted to provide property management and building maintenance services (“the Collaboration”) for multiple SYFORME and SYFORME NEXT properties owned by a private fund managed by BlackRock's Real Estate business (“BlackRock”).
Launch of New Brand and the Collaboration
SYLA Co. has launched a new brand SYFORME NEXT as the second line of its SYFORME-branded condominiums. In addition, SYLA Co. has been contracted to provide property management and building maintenance services for multiple SYFORME and SYFORME NEXT properties owned by a private fund managed by BlackRock’s Real Estate business, including SYFORME NEXT MUKOJIMA, with plans for further expansion in the future.
In December 2023, SYLA Co. entered into a collaboration agreement with BlackRock’s Real Estate business, and later sold four SYFORME buildings to BlackRock in January 2024.
Through the Collaboration, SYLA Co. will continue to unlock opportunities for BlackRock’s Real Estate business to invest in real estate projects in Japan and accelerate strategic real estate development and investments in line with market needs.
Property Overview
SYFORME NEXT MUKOJIMA
Location: 5 Mukojima, Sumida-ku, Tokyo, Japan
About the SYFORME Series
Guided by the philosophy of crating condominiums that reflect our aspirations, SYLA’s own condominium brand SYFORME series is designed in extensive collaboration with design, construction, and surveying firms, along with our esteemed partners. Our stringent commitment involves selecting materials through meticulous examination, tactile assessment, and subsequent approval. We are dedicated to creating designs that embody elegant simplicity while maintaining enduring, timeless appeal, transcending the next two decades.
Explore our property gallery at our website: https://syla.jp/business/gallery
About SYLA Technologies Co., Ltd.
Headquartered in Tokyo, Japan, SYLA Technologies Co., Ltd. (NASDAQ: SYT) (“SYLA” or “the Company”) owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. SYLA’s mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. SYLA is engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company’s products and services is available at https://syla-tech.jp/en.
Cautionary Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F, filed with the SEC on May 15, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
irpr@syla.jp
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