LFGD — Looking Forward Giro Dolcet
REAL ESTATE

International Expansion of a Luxury Construction Brand to Asia

A Spanish luxury construction brand with no presence in Asia. In 18 months, exclusive distribution agreements in Japan and Singapore.

2024
18 months
Real Estate · Spain → Japan & Singapore
2 markets
JAPAN & SINGAPORE
€3.2M
FIRST PROJECTS SIGNED
18 months
MARKET ENTRY

THE CHALLENGE

The client was a Spanish company specialising in luxury construction and high-end interior design with more than 20 years of experience and a portfolio of reference projects in Spain and the Middle East. The brand had received unsolicited enquiries from developers in Japan and Singapore, but did not have the structure or contacts to manage those relationships professionally.

The Asian market presented specific challenges: different business culture, complex regulatory requirements, need for local partners with established networks, and a very different decision-making process from the European one. The client had tried to enter the market independently two years earlier and had failed due to a lack of local knowledge.

The opportunity was real: the luxury residential construction market in Asia was growing rapidly, and European brands with a strong identity and a portfolio of reference projects were highly valued. But the window of opportunity was not unlimited: other European competitors were also looking at the same market.

THE SOLUTION

The first step was to understand the specific dynamics of each market. Japan and Singapore, despite being geographically close, have very different business cultures and very different luxury construction markets. We spent the first two months conducting research and building a network of local contacts in both markets.

In Japan, we identified a local partner — a real estate developer with a portfolio of luxury residential projects in Tokyo — who was interested in exclusive representation of the brand for the Japanese market. The negotiation was complex and took four months, but the result was an exclusive agreement with minimum annual purchase commitments.

In Singapore, the approach was different: instead of a single exclusive partner, we structured a network of three specialised interior design studios with complementary client portfolios. This allowed greater market coverage without the risk of dependence on a single partner.

The adaptation of the brand narrative for the Asian market was a critical piece of the process. The emphasis on European craftsmanship, the history of the brand and the portfolio of reference projects resonated strongly with Asian luxury buyers, but the way of communicating it had to be adapted to local cultural sensitivities.

THE RESULTS

18 months after the start of the project, the brand had exclusive distribution agreements in Japan and Singapore. The first projects signed had a combined value of €3.2M, with a pipeline of additional projects under negotiation.

In Japan, the brand was specified in two of the five most important luxury residential developments in Tokyo in 2024, a market penetration that would have been impossible without the local partner and the adapted brand narrative.

The Singapore network generated a different type of project: smaller in size but higher in margin, with interior design projects for private clients in the ultra-luxury segment. This complemented the Japanese business and provided a more stable revenue base.

KEY LEARNINGS

  • The Asian luxury construction market does not simply look for quality: it looks for narrative. A European brand with history, reference projects and a clear identity is worth much more than a technically superior product without a story.

  • Territorial exclusivity in emerging markets for European brands is a very valuable asset that is rarely negotiated correctly. The key is to present it as a strategic partnership, not a simple commercial relationship.

  • After-sales service is the Achilles heel of the internationalisation of premium brands. Asian luxury buyers are extremely demanding about service: guaranteeing it from day one is as important as the product itself.

PROJECT METRICS

2
Asian markets entered
Japan and Singapore with exclusive distribution agreements
€3.2M
First projects signed
Combined value of first projects in Japan and Singapore
2 of 5
Top Tokyo luxury developments
Brand specified in 2 of the 5 most important luxury residential developments in Tokyo in 2024

SIMILAR SITUATION?

Let's talk about how we can apply this experience to your specific case.

WORK PROCESS

1

Market Research and Network Building

2 months

Research on the luxury construction markets in Japan and Singapore. Building of local contact network.

2

Partner Identification

2 months

Identification and evaluation of potential partners in Japan and Singapore. Initial meetings and assessment of strategic fit.

3

Brand Narrative Adaptation

6 weeks (parallel)

Adaptation of the brand narrative for the Asian market. Translation and cultural adaptation of materials.

4

Japan Negotiation

4 months

Negotiation of the exclusive distribution agreement with the Japanese partner. Complex process due to cultural differences.

5

Singapore Network

2 months

Structuring of the network of three interior design studios in Singapore. Negotiation of distribution agreements.

6

First Projects

4 months

Support in the first commercial negotiations. Signing of the first projects in both markets.