Efforts to Achieve our New Growth Strategy

Our surrounding environment has undergone significant changes, and a wide range of new issues and needs related to real estate have emerged. Nomura Real Estate Development carries out mixed-use development projects that provide increased added value thanks to cultivating new business areas that help meet needs resulting from lifestyle changes and solve societal problems. We will engage in urban development that incorporates a city’s core functions, such as concert halls and harbors, to create new value that meets the latent needs of communities as never seen before.

Public Land Use (public-private partnership projects)

Rebuilding existing buildings and urban functions, and solving local problems

Utsunomiya Station East Exit District Redevelopment Project
(Light Cube Utsunomiya, etc.)

This is a mixed-use development project utilizing land owned by Utsunomiya City. Nomura Real Estate Development built a convention center that includes a large hall and residences.

Location	:	Miyamirai, Utsunomiya-shi, Tochigi
Access	:	2-minute walk from Utsunomiya Station via JR Tohoku Shinkansen and Utsunomiya lines
Land area	:	Approx. 2.6 ha
Main uses	:	Convention center, residences, retail facility, hotel, hospital, etc.
Date completed	:	2022

Shinko District Cruise Terminal Development Project
(Yokohama Hammerhead)

We redeveloped the cruise terminal operated by Yokohama-shi using private funding into a mixed-use development comprising restaurants, a hotel, and more.

Location	:	Shinko, Naka Ward, Yokohama-shi, Kanagawa
Access	:	10-minute walk from Bashamichi Station via Yokohama Minatomirai Railway Minatomirai Line
Land area	:	Approx. 1.7 ha
Main uses	:	cruise terminal, retail facility, hotel, etc.
Date completed	:	2019

Land Use Partnership with National University

Aiming to produce business opportunities through co-creation with universities and companies

Monzen-Nakacho Project

This project consists of redeveloping the land owned by the Institute of Science Tokyo at Etchujima 1-chome in Koto-ku, as the building used to house the institute’s staff had deteriorated with age. Nomura Real Estate Development entered into a basic agreement with the institute. Leveraging the characteristics of the Etchujima district, we formulated a use plan that was in harmony with the local community and entered into 75-year fixed-term land leasehold contract. At the same time, discussions on forming a partnership with the institute also moved forward. Under the concept of “Total Healthcare for All Generations,” we will strive for urban development that contributes to the betterment of QOL by working with the institute to prevent illness before symptoms appear and maintain and improve health for all generations.

New Businesses

Aiming to create new value that meets communities’ needs

Urban Development with Mobility of the Future

We are moving forward with deliberations to carry out urban development projects with new functions in the field of mobility, which is expected to see advancements through technical innovations going forward. For the FY2023 preliminary project of the Tokyo Bay eSG Project, we are considering building and demonstrating a system to achieve land, sea, and air multimodal MaaS centered around eVTOL floating ports. We have entered into a memorandum to jointly deliberate on developing an eVTOL landing site with ANA Holdings and Joby Aviation, which will consist of considering business and technical aspects for developing highly convenient vertiports, carrying out activities to gain acceptance from the community, and deliberating on building a strategic partnership. We will strive for urban development with increased value by implementing cutting-edge technology.

The above is a conceptual illustration of eVTOL floating ports meant to depict how they would be used. The actual townscape will differ. The are no plans to develop a townscape like the one illustrated above at this time.

Capital and Business Alliance with YARUKI Switch Group

We will strive to expand business opportunities and value-creating areas for both the Nomura Real Estate Group and the YARUKI Switch Group by leveraging our combined knowledge, expertise, and customer bases. Together we are working to develop and provide children’s educational services and products that contribute to learning for the next generation through efforts such as collaborating on businesses that target children like the Nomura Real Estate Group’s after-school childcare business and developing new kindergartens. And we will leverage these efforts to increase the added value of urban development projects. In April 2024 we opened i Kids Star MEGALOS Machida, a kindergarten under the YARUKI Switch brand within MEGALOS Machida, which is operated by Nomura Real Estate Life & Sports. In 2025 we plan to open i Kids Star MEGALOS Musashi-Koganei in MEGALOS Musashi-Koganei.

Capital and Business Alliance with A’ALDA

A’ALDA offers unique services that combine pet-related businesses. Operating mainly in Asia, the company’s businesses include a veterinary hospital and healthcare business, a veterinary hospital support business that consists of developing and operating A’alda Vet360—an electronic medical record system for veterinary hospitals—and a lifestyle business that focuses on operating the pet lifestyle facility Dyplus. We will strive to co-create new value by planning and developing new products and services related to pets in the real estate businesses we operate.