DOCSLIB.ORG

Improvement of Portfolio in Leasing Business

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Improvement of Portfolio in Leasing Business Improvement of Portfolio in Leasing Business Moving forward, we will continue to promote the development of mixed-use facilities and acquisition of property in Shibuya and along Tokyu Lines. Real Estate Leading Area*1 TOKYU EBITDA*1 (Unit: 1,000 m2) (Billion yen) 1,600 1.6 Approx. 1,410,000 m2 50 2.3 times 41.0 Other 1,200 240 40 times Approx. 880,000 m2 30 800 160 810 Commerce 20 17.8 400 580 10 360 Offices 0 140 0 *2 End of2011 FY2011年度 FY2019 FY2011FY2011 FY2019FY2019 (results)(result)*2*2 (results)(result) *1: The Company’s portion *2: Before opening of Shibuya Hikarie 15 As of March 31, 2020 Total Floor Space of Major Properties Past Development Track Record 2 Project name Total floor area (m ) (Leasing Business) 1 Queen's Square Yokohama 496,386 ※1※3 2 Futako Tamagawa Rise 293,108 ※1※3 SHIBUYA SCRAMBLE 3 181,000 ※1※3 SQUARE(East building) 4 Shibuya Hikarie 144,546 ※1※3 SHIBUYA SCRAMBLE Tama Plaza Terrace Shibuya Hikarie* Cerulean Tower Shibuya Mark City* SHIBUYA STREAM* SQUARE(East building)* 5 Shibuya Mark City 138,620 ※1※3 October, 2010 April, 2012 March, 2001 February, 2000 September, 2018 November, 2019 6 SHIBUYA STREAM 116,000 ※1※3 Chuo-rinkan Saginuma Mizonokuchi Futako-tamagawa Shibuya 7 Cerulean Tower 104,154 ※2※3 Minami-machida Tama-plaza Yoga ※1※2 8 Setagaya Business Square 94,374 ※3 9 Tokyu Capitol Tower 87,428 ※3 10 Carrot Tower 77,754 ※1※3 Futako Tamagawa Rise* Tokyu Saginuma Building PhaseⅠ; November, 2010 Setagaya Business Square* Nagatacho September, 1978 PhaseⅡ; June, 2015 September, 1993 Meguro Tokyo Musashi-kosugi Yokohama Hiyoshi Kamata Oimachi Minatomirai Haneda Airport Queen's Square Yokohama* Motomachi- June, 1997 Chukagai *Property sectionally owned or co-owned Musashi Kosugi Tokyu JR Tokyu Meguro Tokyu Capitol Tower with other company Square*April, 2013 Building* March, 2002 July, 2010 *1 Property sectionally owned or co-owned with other company *2 Property belonging to our consolidated SPC *3 Property's total area, including areas used for other purposes 16 Overview of SHIBUYA SCRAMBLE SQUARE Phase I (East Bldg.) Overview of Building Site area: approx. 15,300 m2 Primary uses: Offices, stores, observation facility, (entire station area) parking, etc. Floor area: approx. 181,000 m2 Size: 47 stories above ground and 7 basement levels Height: approx. 230 m Opening: November 2019 Observation Deck Facilities One of Japan’s largest outdoor spaces (approx. 2,500 square meters) Highest in Shibuya: approx. 230 meters Viewing space that will provide a feeling of being in the sky Offices High-quality offices covering a leasable area of approx. 73,000 sq. meters, one of the largest in the area around Shibuya Station Phase I East Building Communication Facilities Base for future collaboration where a variety of people will interact with each other to generate seeds that will in turn generate social value Commerce Large commercial facilities with a store area of approx. 30,000 Commercial Facility Floor sq. meters Phase II Phase II West Building Central Building Outdoor Observation Deck Facilities, “SHIBUYA SKY” Logos and Images: Copyright Shibuya Station Area Kyodo Building operators 17 Effects of Shibuya Redevelopment Greater convenience has been provided by improving accessibility of the urban core including the area around Shibuya Station, and visitor numbers have increased in connection with he expanded high-grade office floor area supplied. Improved Accessibility Around Shibuya Station Impact for Tokyu’s Businesses Vertical and horizontal movement around Shibuya Station has Increase office floor area managed by Tokyu and vacancy rate become more convenient in Shibuya Ward Offering a steady supply of floor area to the Shibuya district in response to vigorous demand Urban Core Ped.traffic via deck (thousand Approx. m2) 8.43% 2 Station Ped.traffic 150,000 m 9% underground 150 100 5% Shibuya Scramble Miyamasuzaka Square 50 1% East/Central / Dogenzaka Approx. 1.92% Shibuya West Tower Shibuya 20,000m2 Hikarie Fukuras Towards Shibuya 0 -3% Mark City - - 2012/3 2020/3 Ue Ue Shibuya ward verage vacancy rate of office Source: MIKI Tokyo Office Market Data Ginza Transfer Line Concourse ■Shibuya Station (Toyoko Line / Den-en-toshi Line） Average daily passengers JR Lines Increase of approx. 110,000 passengers per day JR 1st (10,000 Floor people) Approx. 1.21 million Concourse Approx. 1.1 million passengers 120 passengers Den-en-toshi Toyoko Line 80 Line Fukutoshin Hanzomon Line Line 40 0 2012/3 2020/3 18 Shibuya in Around 2027 Before development Shibuya 2-Chome-17 District SHIBUYA STREAM Opening: FY2024(Plan) Opening: September 2018 Shibuya Hikarie Shibuya Station Sakuragaoka Exit Block* Opening: April 2012 Completion: FY2023(Plan) SHIBUYA SCRAMBLE SQUARE East building Opening: November 2019 SHIBUYA SCRAMBLE SQUARE Central building・West building Opening: FY2027(Plan) Shibuya FUKURAS* Opening: November 2019 Hachiko Square Shibuya Mark City * Tokyu Land Corp. participates in an association Images: Copyright Shibuya Area Management 19 Greater SHIBUYA (Wider SHIBUYA Area) Plan Define Greater SHIBUYA as the area within a radius of 2.5 km of Shibuya Station and promote urban development as an area instead of as a point, to enhance the attractiveness of Shibuya and sustain growth. Greater SHIBUYA Area within radius of 2.5 km Major real estate property list from Shibuya Station New National Shibuya Cast Open on Stadium April 28, 2017 Shibuya Scramble Square (Former Shibuya Station District) Yoyogi Park Harajuku Open in November 2019 and 2027 Aoyama NHK Omote- Shibuya Fukuras sando (Former Dogenzaka 1- Shibuya Hikarie chome Ekimae District) Open on Shoto Complete in October 2019 April 26, 2012 The University of Aoyama Gakuin University Shibuya Station Tokyo Jissen Women's University Shibuya Bunkamura Kokugakuin University Shibuya Stream Ikejiri Open on Noh Theatre Hiroo September 13, 2018 Daikan- yama University of the Sacred Heart Shibuya Solasta Shibuya Bridge Ebisu (Former Nanpeidai Naka- Project) Open on September 13, 2018 meguro Complete on March 29, 2019 Shibuya Station Sakuragaoka Exit District Complete in FY2023 We actively generate business opportunities with a large-scale redevelopment x creative content industry x city tourism x accumulation of fascinating resources. 20 Redevelopment of the Area Around Shibuya Station (Plan view) ・An urban core that will make it convenient to move up and down in Shibuya, whose terrain is shaped like a mortar ・The urban core is a vertical space that is open to streets and moves people from basement levels and decks to floors above ground. Elevators and escalators connect multi-layered urban structures. SHIBUYA SCRAMBLE SQUARE East building Shibuya Hikarie SHIBUYA SCRAMBLE SQUARE Central/West building Shibuya Hikarie (1) JR Line ticket gate Ginza Line (1) ticket gates (2) 1Ｆ 渋谷川 Ｂ3Ｆ Ticket gates of the Toyoko Line and Fukutoshin Line on the Shibuya Hikarie side Ｂ5Ｆ Urban Core Illustration of an area around the future East Exit Urban Core SHIBUYA SCRAMBLE SQUARE(2) Images: Copyright SHIBUYA SCRAMBLE SQUARE 21 Status of Property Ownership Around Shibuya Station ● SHIBUYA CAST* As of March 31,2020 Apr. 2017 ／ 34,981㎡ ● Bunkamura ● : Owned by Tokyu Corp. or its subsidiary ● : Owned by Tokyu REIT Sep. 1989 ／ 31,990m2 ● MAGNET by SHIBUYA109* Primary uses Oct. 1987 ／ 11,780m2 - Office – Shops - Apartments ● : Planned project ● Tokyu Department Store HONTEN Completion ／ Total floor area ● Shibuya Sumitomo Shintaku bldg. 2 ● Shibuya 2-Chome-17 * Property sectionally owned or co-owned (Flagship store)* Nov. 1967 ／ 61,460m ,etc. June 1962 ／ 3,270m2 District* with other company 2 Tokyo Metro FY2024 (plan)／44,560m ● TOKYU REIT Shibuya Udagawa-cho Primary uses 2 Fukutoshin Line Square July 1998 ／ 1,530m - Office – Shops - Parking etc. ● QFRONT JR Line Tokyo Metro Oct. 1999 ／ 6,690m2 Hanzomon Line ● cocoti ● KALEIDO Shibuya Miyamasuzaka ● SHIBUYA 109* Mar. 1979 ／ 16,290m2 Sep. 2004 ／ 11,850m2 Jan. 1992 ／ 4,475m2 Tokyo Metro ● TK Shibuya Higashiguchi bldg. ● Shibuya Mark City* Ginza Line Feb. 1966 ／ 1,480m2 Feb. 2000 ／ 138,620m2 Den-en-toshi Line SHIBUYA SCRAMBLE SQUARE Primary uses - Commercial facilities ● Shibuya Takugin bldg.* ● Shibuya Nichiei bldg. (Shibuya Station Block) Jan. 1983 ／ 4,820m2 Apr. 1985 ／ 2,120m2 - Office - Shibuya Excel Hotel Tokyu ● Shibuya Kyowa bldg.* ● Towa Miyamasuzaka Bldg. 2 2 ● Top Hill Namiki bldg. Sep. 1980 ／ 8,500m Feb. 1988 ／ 1,150m May 1989 ／ 1,068m2 Route 246 ● Shibuya Hikarie* Apr. 2012 ／ 144,550m2 ● Cerulean Tower 2 Primary uses Mar. 2001 ／ 105,950m Toyoko Line - Office - Tokyu Theatre Orb Primary uses - ShinQs - Hikarie Hall Meiji Street - Nohgakudo (Noh theater) ● Shibuya Higashiguchi bldg.* ● East Shibuya bldg. 2 2 - Office - Cerulean Tower Tokyu Hotel Jan. 1980 ／ 17,040m Mar.1985 ／ 1,650m ● Shibuya 2-chome bldg.* ● Takizawa bldg. JR Line ● Tokyu Nampeidai-cho bldg. Feb. 1971 ／ 1,770m2 Jan. 1982 ／ 1,101m2 July. 1992 ／ 7,000m2 500m ● TOKYU REIT Shibuya R bldg. ● Tokyu Sakuragaoka-cho bldg. 2 June. 1987 ／ 6,500m2 Mar. 1990 ／ 7,290m ● 100BANCHI Sep. 1976 ／ 1,056m2 ● SHIBUYA STREAM* ● SHIBUYA SCRAMBLE SQUARE ●Phase I (East Bldg.) Sep. 2018 ／ 116,000㎡ （Shibuya Station Block*） Nov.2019／ 181,000m2 ● Sakuragaoka Cherry Garden 2 Primary uses FY2027 (plan) ／ 276,000m2 Aug. 1981 ／ 3,415m - Office – Hall - Shops ● SHIBUYA BRIDGE - SHIBUYA STREAM Primary uses Excel Hotel Tokyu - Office - Shops Sep. 2018 ／ 5,642㎡ - Parking etc. - Observation facility - Parking etc. ● LOG ROAD DAIKANYAMA Apr. 2015 ／ 3,200m2 Map : MarketAnalyzer (Giken Shoji International Co.,
Load more

Recommended publications
  • Shibuya City Industry and Tourism Vision
    渋谷区 Shibuya City Preface Preface In October 2016, Shibuya City established the Shibuya City Basic Concept with the goal of becoming a mature international city on par with London, Paris, and New York. The goal is to use diversity as a driving force, with our vision of the future: 'Shibuya—turning difference into strength'. One element of the Basic Concept is setting a direction for the Shibuya City Long-Term Basic Plan of 'A city with businesses unafraid to take risks', which is a future vision of industry and tourism unique to Shibuya City. Each area in Shibuya City has its own unique charm with a collection of various businesses and shops, and a great number of visitors from inside Japan and overseas, making it a place overflowing with diversity. With the Tokyo Olympic and Paralympic Games being held this year, 2020 is our chance for Shibuya City to become a mature international city. In this regard, I believe we must make even further progress in industry and tourism policies for the future of the city. To accomplish this, I believe a plan that further details the policies in the Long-Term Basic Plan is necessary, which is why the Industry and Tourism Vision has been established. Industry and tourism in Shibuya City faces a wide range of challenges that must be tackled, including environmental improvements and safety issues for accepting inbound tourism and industry. In order to further revitalize the shopping districts and small to medium sized businesses in the city, I also believe it is important to take on new challenges such as building a startup ecosystem and nighttime economy.
    [Show full text]
  • Ginza Opens As Building, a Trend-Setting Retail Harvest Club
    CONTENTS MESSAGE FROM THE PRESIDENT 02 MESSAGE FROM THE PRESIDENT As a core company of the Tokyu Fudosan Holdings Group, 03 HISTORY OF TOKYU LAND CORPORATION We are creating a town to solve social issues through 05 ABOUT TOKYU FUDOSAN HOLDINGS GROUP value creation by cooperation. 06 GROUP’S MEDIUM- AND LONG-TERM MANAGEMENT PLAN 07 URBAN DEVELOPMENT THAT PROPOSES NEW LIFESTYLES 07 THE GREATER SHIBUYA AREA CONCEPT 09 LIFE STORY TOWN 11 URBAN DEVELOPMENT 25 RESIDENTIAL 33 WELLNESS 43 OVERSEAS BUSINESSES 47 REAL ESTATE SOLUTIONS Tokyu Land Corporation is a comprehensive real estate company the aging population and childcare through the joint development of with operations in urban development, residential property, wellness, condominiums and senior housing. In September 2017, we celebrated overseas businesses and more. We are a core company of Tokyu the opening of the town developed in the Setagaya Nakamachi Fudosan Holdings Group. Since our founding in 1953, we have Project, our first project for creating a town which fosters interactions 48 MAJOR AFFILIATES consistently worked to create value by launching new real estate between generations. 49 HOLDINGS STRUCTURE businesses. We have expanded our business domains in response to For the expansion of the scope of cyclical reinvestment business, changing times and societal changes, growing from development to we are expanding the applicable areas of the cyclical reinvestment 50 TOKYU GROUP PHILOSOPHY property management, real estate agency and, in particular, a retail business to infrastructure, hotels, resorts and residences for business encouraging work done by hand. These operations now run students, in our efforts to ensure the expansion of associated assets independently as Tokyu Community Corporation, Tokyu Livable, Inc.
    [Show full text]
  • MAP Shibuya & Yoyogi-Hachiman
    Old & New Go beyond Shibuya Crossing Shibuya & Yoyogi-hachiman <Neighborhood Walk> Once you arrive at Shibuya Station, head to the 3rd Discover More of Shibuya! floor `Urban Core` by using the pedestrian decks that The word “Shibuya” does not only refer to the Shibuya station connects directly to Shibuya Scramble Square. While area, but also the whole Shibuya-ku and neighboring areas. its popularity is set to skyrocket in November 2019, MAP Everyone knows the popular landmarks around Shibuya Station, don’t miss exploring the northern area of Oku-Shibuya such as the Hachiko statue, Shibuya Hikarie and SHIBUYA109 (includes Kamiyamacho, Udagawacho and Tomigaya) Comfort zone shopping mall, but there is so much more to explore – roadside where unique shops can be found. Each shop has shops and distinctive shopping streets in various areas of the with dainties and histories its own uniqueness and still, as youth as Shibuya’s city, historical and cultural facilities, parks etc. Discover all of culture. Drop by and grab some snacks and drinks, Shibuya by taking a long walk following this map. Old & New then head to Yoyogi Park if you feel like taking a break Shinjuku before exploring your next destinations. When you've finished with the youth culture, it’s time for Yoyogi Hachimangu Shrine. This shrine is dedicated to Hachiman, the god of protection from evil and Hatagaya SHIBUYA KU good luck. Their most popular festival is the Goldfish Sasazuka Festival, which is held in May and September. Harajuku Yoyogihachiman Tokyo is about the harmony between traditional and modern culture, and here you can feel both of them.
    [Show full text]
  • On the Ground in Japan Ruth Nash, JOHCM Japan Fund & JOHCM Japan Dividend Growth Fund
    November 2018 FOR PROFESSIONAL INVESTORS ONLY On the ground in Japan Ruth Nash, JOHCM Japan Fund & JOHCM Japan Dividend Growth Fund “Those of you in window seats on the right side of the plane there on the Tokyo leg of his Asian trip and that half of the might catch a view of Mount Fuji in a few minutes”. The lifts had been reserved for him and the huge security detail Captain’s words prompted everyone to scan the horizon for which accompanied him. The hotel was so full that they were signs of the famous mountain. It always surprises me that Fuji warning of a 30-minute wait for breakfast next morning. And is so big that, when weather conditions are right, it sticks up inflation is definitely starting to hit the hotel sector, as room above the clouds. Anyway, cloud cover was too thick and there rates and even breakfast prices had risen by over 10%. was no sign of it. Japan Inc back on track after natural disasters I was on my way to Japan to spend a few days visiting As usual, I saw a mixture of companies, from sectors such companies. Usually I do this twice a year, but this was my first as construction, services, technology, manufacturing and visit of 2018. This is because, after a slow start in January, (unusually for me) pharmaceuticals. A couple of themes stood when corporates were initially confused by the implications of out. MiFID II, we have had huge numbers of them visiting us in London this year.
    [Show full text]
  • Notice of Conclusion of Agreement on Business Collaboration on Next Shibuya Sakuragaoka Block Urban Redevelopment Project
    December 18, 2018 Next Shibuya Sakuragaoka Block Redevelopment Preparatory Association Tokyu Land Corporation Notice of Conclusion of Agreement on Business Collaboration on Next Shibuya Sakuragaoka Block Urban Redevelopment Project Next Shibuya Sakuragaoka Block Redevelopment Preparatory Association established in November 2018 (Director: Hideyuki Kizu, hereinafter called the “Redevelopment Preparatory Association” and Tokyu Land Corporation (head office: Minato-ku, Tokyo; President: Yuji Okuma, hereinafter called “TLC”) concluded the “Agreement on Business Collaboration on Next Shibuya Sakuragaoka Block Urban Redevelopment Project” dated December 14, 2018. An extraordinary general meeting of the Redevelopment Preparatory Association was held on the same day and the Next Shibuya Sakuragaoka Block Urban Redevelopment Project (hereinafter called “the Project”) selected TLC as a business collaborator. Associated with the selection, this Agreement seeks the smooth facilitation of the Project, stipulating the scope of collaboration and the roles of the two parties. The Project is expected to play a part in the function of Shibuya Station along with plans to improve the station and its surrounding infrastructure going forward. It is also expected to serve as a gateway to the Daikanyama and Ebisu area, and will complete the “Shibuya Sakuragaoaka Block Redevelopment Plan” in which TLC participates as a partner and participating member. The Redevelopment Preparatory Association is determined to discuss urban area redevelopment projects partnering
    [Show full text]
  • 2020 Integrated Report
    Tokyu Fudosan Holdings Corporation Corporate Communication Department www.tokyu-fudosan-hd.co.jp/english/ WORK An inheritance of Challenge-oriented DNA, a spirit of trying to solve social issues through business activities I wanted to create something resembling a Garden City in Japan and to make up even a little for the shortcomings of city life. Seien Kaikoroku [Memoirs of Eiichi Shibusawa] The origin of wealth is jingi-dotoku (humanity and morality); HOME unjustified wealth cannot be eternal. LIFESTYLE Rongo to Soroban [The Analects of Confucius and the Abacus] Eiichi Shibusawa CREATION Established the Den-en Toshi Company, the origin of the Group (1918) Combining new home, work and play styles Recently, I often hear the expression, “return of profits from companies to society.” I absolutely hate these words. In the first place, companies that are not needed by society will never develop. Companies should pursue their original goals. This is an act that we should call “returning profits to society.” Toshi to Ningen-no Atarashii Chowa wo Motomete [In pursuit of new harmony between cities and people], a corporate bulletin published to commemorate the 20th anniversary of TOKYU LAND CORPORATION Noboru Goto First president of TOKYU LAND CORPORATION (1953 to 1978) Provided by: TOKYU CORPORATION PLAY TOKYU FUDOSAN HOLDINGS 2020 INTEGRATED REPORT 01 CONTENTS Communication with Stakeholders Section 1 Section 3 Direct communication Reports WEB The Value Creation Story Foundations Supporting ● General meeting of shareholders ● Integrated Report ● Investor Relations The Tokyu Fudosan Holdings Group has continued to create unique value while Our Sustainable Growth always facing social issues head-on.
    [Show full text]
  • 09 Advancing Urban Renewal
    Advancing urban renewal In order to revive Japan’s economy, which had been stagnant Tokyo, totaling about 2,400 hectares, were designated as Priority since the 1990s, focusing on cities, which are the source of Development Areas for Urban Renaissance. By designating vitality, from 2000, the national government, upon request by Special Development Areas for Urban Renaissance within these the Tokyo Metropolitan Government, decided to enhance the priority development areas to ease land use, FAR and other appeal of cities and raise international competitiveness through existing regulations, private developers were able to propose Resurrection of Shibuya River Shibuya Scramble Square urban renewal. more flexible city planning designs. Through a public-private partnership, Shibuya River was restored and a rich Shibuya Scramble Square is the tallest building in Shibuya, rising to a height green pedestrian walkway was developed. of 230 meters above ground. This large mixed-use facility has an observation The Act on Special Measures Concerning Urban Renaissance While also utilizing redevelopment projects, projects for Source: Shibuya Stream. deck, industrial exchange facility, commercial facilities and offices. was enacted in 2002, and in the same year, seven districts in urban renewal are being advanced throughout the city. Source: Shibuya Scramble Square. Large-scale redevelopment around Shibuya Station Shibuya Station is a major terminal station servicing eight lines run by four railway operators. It ranks among the top in Tokyo in number of bus users. With its concentration of commercial and business facilities, the area is a cultural trendsetter and information provider. However, the station was becoming labyrin- Priority Development Areas for Urban thine due to remodeling and expansions conducted repeatedly since the early 20th century, the station front was overflowing with people, and buildings Toshima ward Renaissance around the stations were also falling into disrepair, making it difficult to say that the area was fully exhibiting its potential.
    [Show full text]
  • Real Estate‑Related Data Others
    • Real Estate in Japan • REAL ESTATE‑RELATED DATA OTHERS Others Valuation of Real Estate in Gross National Assets (unit: trillion yen) Year Category 1985 1995 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Gross national assets 4,377 8,738 9,209 9,022 8,876 8,963 8,997 9,375 9,415 9,283 8,913 8,808 8,835 8,805 9,015 9,576 10,016 10,288 10,578 11,029 11,019 11,375 Valuation of real estate 1,360 2,505 2,223 2,120 2,032 1,959 1,900 1,887 1,915 1,955 1,944 1,860 1,821 1,782 1,752 1,754 1,773 1,782 1,812 1,841 1,873 1,918 (31) (29) (24) (23) (23) (22) (21) (20) (20) (21) (22) (21) (21) (20) (19) (18) (18) (17) (17) (17) (17) (17) Housing 152 380 403 399 397 399 403 407 416 422 426 408 404 398 392 404 413 412 412 419 422 431 Non‑housing buildings 148 245 240 234 230 229 228 228 230 231 231 220 218 215 212 216 218 220 221 226 232 237 Land 1,060 1,880 1,580 1,487 1,405 1,331 1,269 1,252 1,269 1,302 1,287 1,232 1,199 1,169 1,148 1,134 1,142 1,150 1,179 1,196 1,219 1,250 Financial assets 2,593 5,205 5,847 5,760 5,705 5,851 5,923 6,288 6,271 6,065 5,685 5,704 5,770 5,779 6,017 6,548 6,939 7,190 7,444 7,840 7,773 8,052 Source: The Cabinet Office’s “National Economic Statistics Report (Benchmark Year: 2000)” was used for 1985 – 1993 and the “National Economic Statistics Report (Benchmark Year: 2015)” was used for 1994 and after.
    [Show full text]
  • Integrated Report 2019 01 As a Member of the Tokyu Group
    Integrated Report Corporate Communication Group, Corporate Planning Department, Corporate Strategy Division 1-16-14 Shibuya, Shibuya-ku, Tokyo 150-8340, Japan TEL : +81-3-5466-5008 FAX : +81-3-5466-5069 E-mail : [email protected] www.tokyu-cnst.co.jp Contents P02 P12 Story of Value Creation Initiatives for Value Creation As a Member of the Tokyu Group 02 Message from the President 12 History of Tokyu Construction Group 04 Financial and Capital Strategies 18 Strengths of Tokyu Construction Group Material Issues (Materiality) in (Source of Value Creation) 06 “Our Ideals for 2026 — The Company We Hope to Be in 2026” 20 Value Creation Process 08 Tokyu Construction Group’s Ideal Vision of Financial and Non-Financial Highlights 10 “Our Ideals for 2026 — The Company We Hope to Be in 2026” 22 Mid-Term Management Plan 2018-2020: Shinka 2020 Urban Solution Business 24 At a Glance (Business Overview) 28 Overview by Business 30 Civil Engineering Business 30 Building Construction Business 32 Real Estate Business 34 International Business 36 Special Feature: SHIBUYA SCRAMBLE SQUARE Phase I (East Wing) 38 Editorial Policy Tokyu Construction started issuing its “Integrated Report” in the fiscal year that ended in March 2017 (FYE Mar. 2017). This report allows us to consolidate our financial and non-financial information to inform our investors on how to contribute to society and the environment by improv- ing our corporate value through our businesses with both a medium- and long-term perspective. Reporting period April 2018 to March 2019 *Part of the report includes information before and after the fiscal year 2018.
    [Show full text]
  • Hitachi Delivered 76 Elevators and Escalators, Including Outdoor-Type
    FOR IMMEDIATE RELEASE Hitachi Delivered 76 Elevators and Escalators, Including Outdoor-Type Escalators Installed at the Highest Spot in Japan, to Shibuya Scramble Square, a Large-Scale Complex Building Outdoor-type escalator installed External view of Shibuya Scramble Square on the observation facilities “SHIBUYA SKY” Tokyo, October 28, 2019 --- Hitachi, Ltd. (TSE: 6501 / “Hitachi”) and Hitachi Building Systems Co., Ltd. (“Hitachi Building Systems”) have delivered 76 units of elevators and escalators, including outdoor-type escalators installed at the highest spot in Japan(1), 230 meters above ground, to Shibuya Scramble Square, a large-scale complex building in Shibuya, Tokyo, that will commence operation on November 1. (1) According to Hitachi’s research as of October 2019 Shibuya Scramble Square is a new, large-scale complex building constructed as part of the plan to develop the Shibuya Station block. The East Building, which was completed in the first phase of construction, is the tallest skyscraper in the Shibuya area, 230 meters above ground, with 47 floors above ground and seven basement floors, aiming to be used for a wide range of facilities, including SHIBUYA SKY, the observation facilities that features one of Japan’s largest rooftop observation spaces, the Shibuya Station area’s largest commercial facilities and offices. The complex will commence operation on November 1. Hitachi and Hitachi Building Systems have delivered 76 units (38 elevators and 38 escalators) to Shibuya Scramble Square. With respect to SHIBUYA SKY, the observation facilities on 14F, 45F, 46F and the rooftop, the two companies installed all elevators and escalators in the facilities, including two outdoor escalators that will be operated at the highest spot in Japan, 230 meters above ground, as well as two shuttle elevators that connect the ticket counter on 14F and the facility on 45F.
    [Show full text]
  • OFFICE RENTDATA 2019 Tokyo Redevelopment Projects
    OFFICE RENTDATA 2019 Tokyo Redevelopment Projects OFFICE RENTDATA 2019 March 2019 Published by Sanko Estate Co., Ltd. Ginza Sanwa Bldg., 4-6-1 Ginza, Chuo-ku, Tokyo Only environmentally-friendly, zero-VOC （Volatile organic compounds）100% vegetable oil inks were used in the printing of this report. Copyright Sanko Estate Co., Ltd. All rights reserved. www.sanko-e.co.jp/en OFFICE RENTDATA 2019 TABLE CONTENTS 01-02 Aerial Photo 11-12 Transition in Office Rents and Economic Trends 03-04 Redevelopment Report 13-16 Office Market 05-06 Redevelopment Map 17-22 Guidelines for Opening an Office 07-08 Completion Timeline 23-24 Special Report 09-10 New Supply 25-26 Company Outline Midtown Tower Sumitomo Fudosan Roppongi Grand Tower Toranomon Hills Mori Tower The Okura Prestige Tower Kasumigaseki Building Toranomon Hills Ark Hills Sengokuyama Mori Tower Business Tower P3 Kamiyacho Trust Tower P4 Atago Green Hills Mori Tower Toranomon～Roppongi Atago Shrine Kamiyacho Sta. Tokyo Tower Onarimon Shiba Sta. Park Kyu Shiba Rikyu GardenGarderderdd n Date: October 21,, 2018 AAltitude:ltitude: aapprox.pprox. 450 m 01 SANKO ESTATE SANKO ESTATE 02 Redevelopment Report *The renderings below are for illustrative purposes only and are subject to change. Accelerating Redevelopment to $7RZHU6\PEROL]LQJ.DPL\DFKR·V7UDQVIRUPDWLRQ Tokyo Establish a Global Business Hub Tokyo into a Global, Creative Area That Generates New Value Toranomon Hills Business Tower Kamiyacho Trust Tower Forming a Community around an area where the projects are located. tors from a wide range of fields includ- A Hub Serving as a Gateway Linking premium luxury hotel brand, Integrated Redevelopment Project Following Toranomon Hills Mori Tower, ing entrepreneurs, new business man- the World to Both Tokyo and Japan and Mori Trust has succeed- completed in June 2014, development agers at large companies to corporate ed in bringing it to Japan for Mori Building Co., Ltd.
    [Show full text]
  • Tlc Cg 2019 En.Pdf
    CONTENTS MESSAGE FROM THE PRESIDENT 02 MESSAGE FROM THE PRESIDENT 03 HISTORY OF TOKYU LAND CORPORATION As a core company of 05 ABOUT TOKYU FUDOSAN HOLDINGS GROUP the Tokyu Fudosan Holdings Group, 06 GROUP’S MEDIUM- AND LONG-TERM MANAGEMENT PLAN We are developing a city to 07 URBAN DEVELOPMENT THAT PROPOSES NEW LIFESTYLES solve social issues through 07 THE GREATER SHIBUYA AREA CONCEPT value creation by cooperation. 09 LIFE STORY TOWN 11 URBAN DEVELOPMENT 25 RESIDENTIAL 33 WELLNESS 43 OVERSEAS BUSINESSES 47 REAL ESTATE SOLUTIONS TOKYU LAND CORPORATION is a comprehensive real estate company through joint development of condominium units, senior housing, with operations in Urban Development, Residential, Wellness, Overseas hotels, and other facilities. Businesses and more. We are a core company of Tokyu Fudosan Holdings For the expansion of the scope of cyclical reinvestment business, Group. Since our founding in 1953, we have consistently worked to create we are expanding the applicable areas of the cyclical reinvestment value by launching new real estate businesses. We have expanded our business to infrastructure and industry, hotels and resorts, and 48 MAJOR AFFILIATES business domains in response to changing times and societal changes, student residences, in our efforts to ensure the expansion of 49 HOLDINGS STRUCTURE growing from development to property management, real estate agency associated assets and the increase in profitability. We expanded and, in particular, a retail business encouraging work done by hand. CAMPUS VILLAGE, student residences that we launched in 2018, to 50 TOKYU GROUP PHILOSOPHY These operations now run independently as TOKYU COMMUNITY CORP., the Kansai area for the first time.
    [Show full text]