Sumitomo Forestry Co., Ltd. is pleased to announce that on February 1, 2023, it jointly established three companies – Bywater SFC Holdings, Bywater SFC Management and Bywater SFC Investments – with British real estate developer Bywater Properties. With a shared business vision to realize decarbonization, Sumitomo Forestry and Bywater are jointly developing a 6-story mass-timber office building in London. The establishment of Bywater SFC will serve to further strengthen the relationship of these two companies. It also marks Sumitomo Forestry’s full-scale entry into the UK real estate development market to promote environmentally conscious properties and mass timber constructions in Europe. Bywater specializes in the development, planning and management of real estate properties, primarily offices. It has developed mass timber and environmentally conscious properties in major UK cities, such as London, Manchester, Glasgow and Belfast.