Sumitomo Forestry will enter the landscaping business in Australia after it acquired 51% of shares in Regal Innovations, which operates in the landscaping business locally. Source: Timberbiz
This is the first time that Sumitomo Forestry has made a foray into the landscaping business in public spaces in overseas. Regal is a major landscaping company that designs and constructs commercial and public external spaces, green zones and parks, predominantly in Sydney, New South Wales.
Regal has been constructing for Sumitomo Forestry in multiple residential land development projects for several years and has undertaken landscaping projects in the central Sydney’s Barangaroo and Darling Harbour precincts, that are currently undergoing redevelopment, and among others has been involved in leading urban development and construction projects for the University of Technology Sydney, the National Museum of Australia in Canberra and a number of these development projects have received awards from international external evaluation agencies.
It also aims to participate in large scale infrastructure investments, including Australia’s Western Sydney Airport, which is scheduled to begin operations in 2026, and in Brisbane, which will host the2032 Olympic and Paralympic Games in a wide range of fields, including the development of green zones and parks, and the greening of wall faces and rooftops.
Sumitomo Forestry has expanded its housing business in Australia’s major cities since 2009, with annual sales of 3,169 homes in the fiscal year ending December 2021, ranking third Australia-wide.
In recent years, it has also undertaken residential land development and development of a 15-story wooden office building in Melbourne.
Sumitomo Forestry will establish a business model that leverages the design and construction capabilities of Regal, a company that demonstrates a high level of affinity with its existing business and drive environmentally friendly development.
In Japan, Sumitomo Forestry Landscaping is expanding its environmental greening business, undertaking garden construction and green area management for offices and commercial facilities.
In Japan and abroad, Sumitomo Forestry Group develops business operations cantered on wood, from forest management through to procurement and manufacture of timber and construction materials, wooden construction, and wood biomass power generation.