OREANDA-NEWS. NTT Urban Development Corporation is pleased to announce that it has established UD USA Incorporated, a wholly owned overseas subsidiary, to invest in and manage real estate in the United States. This is one of the steps that the Company has been taking to develop its business in Europe and United States in an effort to expand its business base for future growth under the Medium-Term Vision 2018.

The real estate market in the United States is the largest in the world. It is also seen as a promising market that is expected to achieve steady growth over the long term. The Company will continue to collect information to win business opportunities in the United States and will speedily promote and expand its global business further through its' subsidiaries overseas.