July 2, 2018 PRESS RELEAS Mitsubishi Estate Co., Ltd Challenge of the 100-year-old Building Mitsubishi Estate Co., Ltd. starts large-scale renovation of Otemachi Building
- Promoting the realization of OPEN INNOVATION FIELD by establishing TechLab (tentative name) and expanding FINOLAB - Mitsubishi Estate Co., Ltd. (“the Company”) announced the start of a full-scale renovation of the Otemachi Building (1-6-1, Otemachi, Chiyoda-ku, Tokyo), including its outer walls and interior space, which was constructed in 1958. In addition to work on the building itself, the Company will also aim to introduce functions for exchange between start-up businesses and large-scale companies to accelerate innovation, transforming the new Otemachi Building into a business creation base.
The Otemachi Building is directly linked to Otemachi Station, which features access from five subway lines (outstanding accessibility in terms of transport), and its floor plan is suitable for leasing space divided into small areas. Taking advantage of these characteristics, it was decided to undertake renovation to attract many start-up businesses and the most advanced engineering teams of large-scale companies and create diversified exchange in the Marunouchi area.
Beginning with the reconstruction of the Marunouchi Building, the Company has engaged in many redevelopment projects in the Marunouchi area. This project adopts renovation to update the functions, rather than reconstruction. It aims to increase options for offices and meet the various needs of tenants. At the same time, social demand for the utilization of the existing stocks will also be fulfilled. The renovated building will add new color to the cityscape, along with the many skyscrapers that have increased with the progression of redevelopment.
In addition to the business support facilities in the Marunouchi area, such as EGG JAPAN and Global Business Hub Tokyo, Japan's first Fintech base, FINOLAB, located in the Otemachi Building, will be expanded and TechLab (tentative name), which focuses on AI, IoT, robotics and other similar technologies, will open jointly with SAP Japan Co., Ltd. ("TechLab"). The Company will continue to promote the realization of an ideal town with potential that stimulates the advancement of people and enterprises, OPEN INNOVATION FIELD.
Building after renovation (LAB zone on the east side) TechLab
Creation of intended effect Creation of the intended unobstructed view effect of the passage that runs through the function of Naka through the area from Marunouchi Naka Dori to Otemachi Naka Dori inside and Facilities Dori outside the building Construction of Construction of new lounge/terrace for business support for and the promotion lounge/terrace areas for of exchange among office workers on the 7th floor workers Utilization of roof space The roof space surrounded by taller skyscrapers will available as an open and creative place for resting Positioning the east side as The east side will be positioned as LAB zone to stimulate leasing by unique LAB zone enterprises Opening of TechLab Opening of TechLab, the collaboration space for business creation, directed at offices engaged in the most advanced projects for large-scale companies,
venture businesses, design firms and others, jointly with one of the world's largest software companies, SAP SE Extension of FINOLAB Extension of the office area of FINOLAB, Japan's first FinTech base, to meet Functions the demand of rapidly-growing startup businesses (floor area will increase from approx. 650 tsubo to approx. 1,200 tsubo)
Opening of KPMG Ignition One of the world's big-four accounting firms (Big 4), KPMG, will open a new Tokyo base to stimulate innovation by Japanese enterprises utilizing digital techniques, KPMG Ignition Tokyo Use for the development Toyota Motor Corporation will open a base for the development of peripheral department of Toyota Motor technologies that support autonomous driving while the corporation transforms Corporation into a mobility company, maintaining and advancing its existing business
[History of redevelopment in the Marunouchi area and background on the renovation] The Company started its first development of the Marunouchi area in 1890. As modernization progressed in the Meiji era, offices were constructed from red bricks. During the second development in the 1950s to 1970s, the old buildings were reconstructed into large-scale buildings, meeting the demand for offices in a period of high economic growth. In 1995, the Company announced the reconstruction of the former Marunouchi Building and started the third development. In 2001, the Company decided that the ideal for the area including Otemachi, Marunouchi and Yurakucho should be a town with the most interactions in the world and carried out redevelopment projects on 12 buildings over 15 years, from 2002. To convert the area from a town for business to a new town with diversity, the walkways were widened and restaurants and brand shops were invited along the streets. As a result, there has been an inflow of people.
▲ 1992 Aerial: photograph of the Marunouchi ▲ 1960: Marunouchi Naka Dori ▲ 2016 Aerial: photograph of the Marunouchi ▲ Present: Marunouchi Naka Dori area area
To accelerate the realization of OPEN INNOVATION FIELD around the Otemachi Building, whose large-scale renovation will be conducted as described above, transforming the area into a town with potential that stimulates the advancement of people and enterprises, the Company will also diligently carry out future projects, including a project for Tokiwabashi in front of Tokyo Station.
Tokyo Station
Yurakucho area
▲ Ideal for the area including Otemachi, Marunouchi and Yurakucho
[Details of renovation] Facilities □ Exterior design with separate themes for the east, west and central parts - The historical background and reputation of the three streets (Daimyo Kouji and Hibiya Dori on the east and west sides of the building, extending over approx. 200 meters, and Marunouchi Naka Dori, running through the central part of the building, south to north) will be reflected in the exterior design. On the east side facing Daimyo Kouji, bricks will mainly be used because they are also used in the buildings of Tokyo Station and The Industry Club of Japan, typical of the modern industry. On the west side facing Hibiya Dori, the motif of stone walls reminiscent of the moat of the Imperial Palace and the Double Bridge at the Palace, symbols of the Edo period, will be used in the design. In the central part, through which Marunouchi Naka Dori runs, glass materials will be used to create an unobstructed view. The stories of these streets will be expressed through the design. - For the main materials for the outer walls, GFRC (glass fiber reinforced cement) will be used, which has higher ultimate tensile and bending strength than ordinary cement, realizing the future reduction of management costs. - For window panes, Low-E multi-layered glass, which provides good thermal insulation, will be partly used and frames for solar radiation will be installed to reduce the heat load, among other measures to improve environmental performance.
Present: Exterior (east side) Conceptual image (LAB zone on the east side)
Present: Exterior (west side) Conceptual image（west side）
Conceptual image [Outer wall using GFRC (glass fiber reinforced cement)]
Facilities
Present: Elevator hall（East Side） Conceptual image (LAB zone on the east side)
□Creation of intended effect through the function of Naka Dori - A passage running through the central part of the building above Marunouchi Naka Dori will be constructed inside and outside the building. On the floor of the passage inside the building, the same porphyry from Argentina used in Marunouchi Naka Dori will be laid. Around the entrance and exit, the wall materials will be partly replaced with glass to produce an unobstructed view.
Present [Passage running south to north (north entrance)] Conceptual image [Passage running south to north (north entrance)]
Conceptual image [Passage running south to north (central north side)]
Facilities □Construction of lounge/terrace areas for workers - A lounge freely available to office workers in the building and a terrace with a sweeping view of Marunouchi Naka Dori will be constructed in the central part on the seventh floor. They can be used as a grand open space and will serve as the stage for business support and the promotion of exchanges, meeting the needs of tenants.
Conceptual image (lounge/terrace on 7th floor)
□Utilization of roof space
- The roof space that was only used to maintain facilities and equipment will be transformed into a rooftop garden with an area of approx. 4,000 square meters, the
largest rooftop garden on an office building in Japan. The roof provides a sweeping view of Naka Dori as well as an overwhelming sense of openness. Elements that
will produce good environmental effects beyond tree planting will be incorporated to produce a creative space.
Conceptual image(rooftop)
Functions □The east side will be positioned as LAB zone to stimulate leasing by unique enterprises - The east side of the building will be positioned as LAB zone to stimulate leasing by unique enterprises and thereby foster a place where new business is created.
East side LAB zone West side
Conceptual drawing of zoning
□「Opening of TechLab (LAB zone on 6th floor) - The space for joint creation where business will be created, TechLab, will open in the LAB zone on the sixth floor, directed at start-up businesses and large-scale companies, jointly with one of the world's largest software companies, SAP Japan Co., Ltd. The employees of SAP Japan, including community managers in charge of the promotion of collaboration among communities and design thinking facilitators, will be present at all times. This place will bring together various stakeholders for the prompt construction and review of practical, new business according to the innovation framework with its core element being design thinking.
Conceptual image (entrance) Conceptual image (cafeteria)
Conceptual image (open laboratory area)
Functions □Extension of FINOLAB（LAB zone 2nd/4th floors) - Japan's first FinTech base, THE FINTECH CENTER of TOKYO, FINOLAB, which is managed jointly by three companies (the Company, DENTSU INC. and Information Services International-Dentsu, Ltd.) will be extended. Its floor area will increase from approx. 650 tsubo to approx. 1,200 tsubo. To meet the demand of rapidly-growing start-up businesses, the office area for start-up enterprises with 20 employees or more will be additionally provided on the second floor as well as on the fourth floor. *The area of FINOLAB will be extended for the third time with the expansion described above: The initial area of approx. 275 tsubo at its opening in February 2016; the extended area with the second expansion of approx. 650 tsubo (at the time of its renewal opening upon relocation to the Otemachi Building in February 2017); and the extended area with the third expansion of approx. 1,200 tsubo. - In the members-only community, leading start-up members (46 companies, including 8 overseas companies) and corporate members (10 companies) meet. Membership increased from about 100 persons (as of February 2017 upon relocation to the Otemachi Building) to around over 400 persons. There have been many collaboration projects between start-up and corporate members. - For industrial corporations, the first term of the program for the development of innovators will open from May 2018. The program combines knowledge and expertise through open innovation at FINOLAB. With the expansion, the programs for members are planned to increase gradually.
The facilities（4th floor） The facilities（4th floor） The facilities（2nd floor） (area to be increased)
Functions □Opening of KPMG Ignition Tokyo (LAB zone on 7th floor) - One of the world's big-four accounting firms (Big 4), KPMG, will open a new base to stimulate innovation for Japanese enterprises utilizing digital techniques through KPMG Ignition Tokyo on July 1, 2018. At the advanced base for the creation of solutions to deal with management issues and contribute to Japanese corporations' global success, the know-how of professionals from KPMG Japan accumulated through accounting audit, tax and advisory services as well as digital experts and cutting-edge digital technologies will be combined in its activities.
The facilities The facilities
□Use for the development department of Toyota Motor Corporation (6th floor) - Toyota Motor Corporation will open a base for the development of peripheral technologies on the sixth floor of the Otemachi Building to support autonomous driving while the corporation transforms into a mobility company, maintaining and advancing its existing business.
○ Property summary of Otemachi Building Address: 1-6-1, Otemachi, Chiyoda-ku, Tokyo Access: Direct link to Otemachi Station on Tokyo Metro Marunouchi Line, Chiyoda Line, Hanzomon Line, Tozai Line, Toei Mita Line Land area: 10,496.03 ㎡ Structure/scale: Steel-framed reinforced concrete with nine floors above ground and three basement floors, and three-stories of rooftop structures Total floor area: 111,272.00 ㎡ Design/supervision: MITSUBISHI ESTATE CO., LTD. Construction: TAISEI CORPORATION Start of construction: May 1956 Completion of construction: April 1958 Present: Exterior
○ Summary of renovation work Renovation design: Mitsubishi Jisho Sekkei Inc. Renovation work: TAISEI CORPORATION Interior design: MEC Design International Period of renovation work: Late May 2018 to March 2021 (Renovation of some parts will be conducted and completed after April 2021.)
Location map
*The details of the renovation (including perspectives and other images) stated in this press release may change according to the progress of the project, among other reasons.
○ History of Otemachi Building