History of the Group's Overseas Operations

1964

• Joint-venture company – Daiwa House Industry Thailand Co., Ltd.* – established in Thailand

* Leveraging our track record in the construction of factories in Thailand, we established a locally incorporated company which set up a factory and began manufacturing locally.

1971

• Exported around 500 houses and accommodation facilities to Indonesia

1974

• Set up Simamura Daiwa House S/A in Brazil and constructed 20,000 workers' houses

1976

• Established Daiwa House Corporation of America in the USA, and constructed 10,000 subdivision houses

1983

• Became first Japanese company to export and erect full-scale houses in China

1987

• Established Daiwa House Australia and commenced construction and sale of condominiums in Australia
• Established Beijing East Palace Apartment in Beijing to offer rental homes to non-Chinese citizens

1993

• Established Dalian Acacia Town Villa in Dalian to provide rental homes for non-Chinese citizens

1998

• Established Tianjin Jiuhe International Villa to provide rental homes for non-Chinese citizens in the city of Tianjin

2001

• DH (Dalian) Administrative Management Consulting Center Co., Ltd., established to conduct outsourcing business in China

2004

• Shanghai Office established

2007

• Daiwa House (Suzhou) Real Estate Development Co., Ltd. (100 percent-owned subsidiary)

2008

• Started first development of condominiums in Suzhou via wholly-owned subsidiary; construction started on The Grace Residence

2009

• Daiwa House (China) Investment Co., Ltd. established (a Chinese-owned company)

2011

• Opened our Taiwan Branch and rolled out the wholesale & retail outlet business
• Purchased rental housing in the United States and recommenced real estate operations

2012

• Began planning entry into industrial park development field in Vietnam and Indonesia

2013

• Established Daiwa Baoye (Wuxi) Property Management Co., Ltd., a condominium management company, in the Chinese city of Wuxi
• Established Baoye Daiwa Industrialized House Manufacturing Co., Ltd. in China for the production of components for factory-made low-rise housing

2014

• Commenced joint business with the Lincoln Property Company in the United States

2016

• Set up joint venture in Thailand with WHA Corporation and commenced logistics business

2017

• Began business in Vietnam for development of a long-stay hotel and another hotel
• Began joint planning of urban development project comprising condominiums and commercial facilities in Indonesia
• Took over single-family home business of Stanley Martin Holdings in the US

2018

• Commenced operation of Roygent Parks Hanoi (serviced apartments and hotel) in Hanoi
• オStarted business of sale of building lots in Australia
• Started single-family home business and condominium business in Thailand
• Began development of logistics facilities in Malaysia
• Began development of logistics facilities in Vietnam
• Started rental housing development business under "Kenect" brand name, with AKARA Partners in the United States
• Rawson Homes became consolidated subsidiary

2019

• Acquired Trade, a retail facility in California in the United States, and commenced the operation business

2020

• Purchased equity share in Trumark Companies
• Stanley Martin Communities of the United States acquired the single-family homes business of Essex Homes Southeast
• Jan Snel Group of the Netherlands became subsidiary, now known as Daiwa House Modular Europe

2021

• Castle Rock Communities, L.P. of the United States, became subsidiary
• Daiwa House Logistics Trust listed on Singapore Exchange (SGX)

2022

• Daiwa House Realty Mgt. Co., Ltd. opened Roynet Hotel Seoul Mapo
• Daiwa House Modular Europe acquired existing factory in Germany to serve as a modular construction factory, the Group's third overseas manufacturing center

2023

• Acquired and began operating the commercial facility "Village Center" in California
• Trumark acquires JP Holdings, LLC (Wathen Castanos Homes) single-family home business
• Started Australia's first joint venture with Lendlease, "Melbourne Quarter West"

2024

• CastleRock Communities enters agreement to acquire the business of The Jones Company of Tennessee, LLC
• Stanley Martin enters into agreement to acquire all interests in Prestige Corporate Development, LLC
• Opened Hotel Nikko Kaohsiung in Kaohsiung, Taiwan

2025

• Completed construction of Blue Ridge Commerce Center in Texas in the first logistics facility project in the United States
• Completed construction of DPL Malaysia Shah Alam III
• Stanley Martin acquired the single-family homes business of Windsor Homes
• CastleRock Communities acquired the single-family homes business of WrEn Homes
• Opened KROMO Bangkok, Curio Collection by Hilton in Bangkok, Thailand

2026

• Began rental housing development jointly with Alliance Residential Company, one of the US’s largest rental housing real estate developers
• Trumark Companies acquired the single-family homes business of JK Monarch Enterprises
• Stanley Martin acquired all the shares of United Homes Group and made it a wholly owned subsidiary
• Opened two hotels, EVEN Hotel Orlando Universal Blvd by IHG and Staybridge Suites Orlando Universal Blvd by IHG, in Florida in the United States