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Development

Investment

Against the backdrop of intensifying competition for attractive properties, the Development Division has been implementing various real estate development projects including offices, residentials, commercial facilities, senior housing/care and logistics facilities to acquire high-performance real estate. Our extended development operations cover a wide range of services from planning to leasing after construction to realize added-value of the properties.

Based on proven success and experience in asset management, our core competence, we develop product plans considering future operations of the asset from the time purchase of such asset is first considered so that the maximum potential of the asset is realized. In the process, from site acquisition to management and operation of the property, required specialists including acquisition managers, asset managers, leasing managers, engineering managers and others are brought together to reflect their know-how in the development and execution of the business plan and maximize earnings from the property.

Our development performance

Our development business started full-scale in 2003. The total development projects to date have amounted to about \164bn, with total gross floor area of completed buildings reaching about 444,154 tsubos (including “exit commitment” projects as of December 31, 2007). Our projects have been widely diversified to cover commercial facilities, offices, residentials, logistics facilities, and senior housing/care facilities.

Development performance (2003 ? March 31, 2007)

Total project expenses
  \164.4 billion
   
Offices
Gross Floor Area  approx.6,967m2
Residential condominivms
Total Number of Units 4,288 units
Gross Floor Area  approx.171,674m2
Commercial facilities
Gross Floor Area approx.99,555m2
Senior housing/care
Gross Floor Area approx.15,947m2
logistics Facilities
Gross Floor Area  approx.150,011m2
(as of December 31, 2007)
   
   
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2007年以降

Total project expenses
  \119.6 billion
   
Offices
Gross Floor Area  approx.122,498m2
Residential condominivms
Total Number of Units 1,978 units
Gross Floor Area  approx.87,525m2
Commercial facilities
Gross Floor Area approx.13,632m2
logistics Facilities
Gross Floor Area  approx.15,383m2
Budget Hotels
Gross Floor Area  approx.8,830m2
(as of December 31, 2007)
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