Profits Expands Presence in Kyushu
In a strategic move, Profits Co., Ltd., headquartered in Chiyoda, Tokyo, has made its significant entry into the Kyushu market by acquiring a hotel property in the Haruyoshi area of Fukuoka City. Through a special purpose company funded by Shimizu Comprehensive Development Co., Ltd., this acquisition marks the beginning of their ambitious plans in the region. The company aims to actively acquire and develop properties within Kyushu, focusing on hotels, offices, and rental housing.
The Background of Entering Kyushu: A Connection to the Region
Profits has primarily focused on asset management opportunities in the Tokyo metropolitan area, creating value by addressing social issues and latent needs. The venture into Kyushu is fueled not just by business aspirations but by personal connections, as many team members hail from Fukuoka. The region's impressive growth potential has also played a pivotal role in this expansion.
Fukuoka City, already recognized as a gateway to Asia, is undergoing major developments such as the