Kajima Properties entered into joint venture with Nomura Real Estate UK Limited. Kajima has sold a 50% interest in a Jersey property unit trust established in August 2008, to acquire 5 Savile Row, London for approximately £40 million from ING. Kajima and Nomura have set up a unique structure for the two unitholders.

In addition, Kajima and Nomura have established a parallel joint venture for the purpose of providing strategic management advice and recommendations to the trustees of the JPUT. Operational property management will be provided by Kajima.