TOKYO, Jan 19 (News On Japan) –
Sekisui House introduced on Thursday its plans to amass the American homebuilding firm, M.D.C. Holdings, for 720 billion yen, positioning it because the fifth-largest homebuilder within the United States.
The acquisition, slated for completion by July, would allow Sekisui House to provide roughly 15,000 houses yearly within the U.S.
Amid a declining inhabitants and shrinking home market, Japanese housing firms are more and more in search of to develop their operations abroad.
Similarly, Daiwa House additionally introduced this month the acquisition of an American firm, marking a continued pattern of Japanese companies making vital investments within the U.S. housing market.
Source: ANNnewsCH