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Yokohama Naka-ku “Kitanakadori North District Redevelopment Promotion Area Plan” A-4 Block development project

Japan

Marubeni, Mitsui Fudosan Residential Co., Ltd., and Mori Building Co., Ltd. are jointly conducting a 58-story skyscraper development project at Yokohama Naka-ku “Kitanakadori North District Redevelopment Promotion Area Plan” A-4 Block.
With this project, a 200 m, 58-story skyscraper will be built as a new symbol of Yokohama. The tower building will have 1,200 residences, the largest* in Yokohama. The joint project features commercial facilities on the lower floors, and accommodation facilities with a view lounge on the upper floors.
The former Imperial Silk Warehouse Offices designated as tangible cultural properties by Yokohama City, is a historical asset that retains the memories of the opening of the Yokohama Port. So after receiving the permission for change of existing condition, the original building is being restored with the necessary seismic strengthening applied, and changes necessary to utilize the facility will be made to the interior while maintaining the value as a cultural asset. The warehouse C will be disassembled, and the bricks and other material will be reused to partially restore the exterior and the interior.
The development project aims to make good use of the historic structures in the areas accessible to the public, with emphasis on exterior views and landscaping, while preserving the history of the area.

* Largest number of units as a property (apartment) of over 100 m, completed after 2000 in Yokohama City.

Initiating “Marubeni Real Estate Management”

Japan

In 2014, Marubeni transferred the property management section of Marubeni Community Co., Ltd. to the former Marubeni Real Estate Co., Ltd., and changed the corporate name to Marubeni Real Estate Management Co. Ltd. This allowed to consolidate the property management business within the group, and the new company will expand the business mainly as a real estate service provider, targeting corporate customers.

Click here to view the Marubeni Real Estate Management web site. (Japanese only)  

Completion of “iSigma Business Advancement Fund 2 Investment Limited Partnership” offer

Japan

At the end of July, 2013, iSigma Partners Corporation launched and began managing “iSigma Business Advancement Fund 2 Investment Limited Partnership” which invests in medium to small-sized companies in Japan. The fund completed its offer at the end of December 2014, with an asset size of 20.3 billion yen. Following previous investments in the Iino Corporation, an auto parts manufacturing company, and Kohken Co., Ltd., an anticorrosion paint and repair work company, iSigma Partners Corporation plans to invest in five or six more projects, mainly focusing on acquiring the operations of existing companies.

The Parkhouse Nishi-Shinjuku Tower 60

Japan

  • The Parkhouse Nishi-Shinjuku Tower 60

“The Parkhouse Nishi-Shinjuku Tower 60,” co-developed by Mitsubishi Jisho Residence Co., Ltd., Sotetsu Real Estate Co., Ltd. and Marubeni, at 5-chome, Nishi-Shinjuku, Shinjuku-ku, has attracted many visitors since sales began in March 2015, all properties have been sold, and the building is under construction, working toward the November 2017 completion. This property has good access, located in the city center and near five stations on 12 lines including JR Yamanote Line, Tokyo Metro Marunouchi Line, and Toei Oedo Line, providing direct access to the inner-city area. With 60 floors, which is the highest number of floors of all the condominiums in Japan*1, and being the tallest condominium in Tokyo with the height of 208.97 m*2, the skyscraper residence with a total 954 units is highly rated for its value and the merchantability of the common facilities/services, security, etc.
“The Parkhouse Nishi-Shinjuku Tower 60” is the core project of “Nishi-Shinjuku 5-Chome Center North District Redevelopment Project” promoted mainly by the local residents, to improve fire-resistance and disaster management by redeveloping districts that have a concentration of wooden housing. The premises include a 1,900 m2 public area “Yui no Mori” with abundant greenery and open spaces, as a recreation area for the residents and locals. The building adopts seismic damping devices, and emergency supply warehouses which are located on six floors (including one for the local community on B2F), to function as the regional disaster management base for the community.
Moreover, various measures are being implemented to help the formation of community among the residents of the large-scale property. On the facility level, a communication space called “ENGAWA” comprised of a Japanese-style room and a space where are an abundance of furniture using domestic timber, along with a meeting space, guest rooms, and a view lounge with a bar to facilitate communications among people of various ages. For the residents, there is also a program called “Nishi-Shinjuku CLASS in the forest” scheduled from January 2015 until 2020, which invites specialists to support the community based on the three concepts of nature, disaster management, and diversity.

*1 As of April 30, 2014, surveyed by Real Estate Economic Institute Co., Ltd. survey
*2 The highest point of the building

The “Weifeng Jingyue Project”” property development in Changchun City, China

China

  • Panoramic illustration of the project

As the first-ever Japanese developers in China, Marubeni and Mitsubishi Jisho Residence Co., Ltd. ("Mitsubishi Jisho Residence") are conducting a real estate development project with Jilin Weifeng Industry Co., Ltd. ("Weifeng"), a local developer in Changchun, China.
Changchun is the capital of Jilin Province, and is also a core city in the northeastern part of China, with a population of 7,620,000. It is administered as one of the 15 sub-provincial cities, which are independent of and equivalent to provinces. With a solid industrial basis, including automobile manufacturing typified by the FAW (First Automotive Works) Group, along with manufacturing transportation facilities, and an industry of processing agricultural products, Changchun is continuing double digit economic growth, which is even higher than the national average.
In this project, Marubeni, having a track record of more than 10 years of housing developments in China, will collaborate with Mitsubishi Jisho Residence, one of Japan's leading developers. By doing so, Marubeni will strive to realize this development, which will integrate Japanese developing know-how with Chinese culture and lifestyle. To make best use of the Jingyue DZ's natural environment, the landscape of the project will be harmonized with the large wetland park nearby. Furthermore, the planning and construction will be ecologically friendly.

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Assignment of a reinsurance broking business in Singapore

Singapore

  • Marunix

In June 2014, Marubeni acquired the reinsurance broking business of THB Singapore (Reinsurance Brokers) Pte. Ltd. ("THB Singapore") through Marnix Insurance Brokers Asia Pte. Ltd. ("MIBA"), which is a reinsurance broker wholly-owned by the Marubeni Group.
MIBA will take this opportunity to renew its operation structure and become a truly international and trusted reinsurance broker with multinational employees. MIBA will also expand its customer base and widen and deepen relationships with reinsurance companies. By doing so, it will provide better and more stable services to its customers across Asia than was previously available.
Through this assignment, the Marubeni Group aims to enhance cooperation between its reinsurance broking business and the reinsurance underwriting business of ACR Capital Holdings Pte. Ltd., which the Marubeni Group owns shares in. Through reinsurance services, the Marubeni Group also aims to contribute to the stable development of clients and their operations in Asia.

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Launch of a private REIT (unlisted open-end real estate fund)

Japan

Marubeni launched a private REIT and assigned Marubeni Asset Management Co., Ltd. ("MAM"), a wholly-owned subsidiary of Marubeni, as its organizer. This private REIT sets its target to integrated offices, buildings for commercial use, hotels, residential buildings, etc. Marubeni is aiming to achieve continuous growth in this business field by utilizing its expertise in having a strong and broad network, which is one of its assets as a premier Japanese general trading company. Together with United Urban Investment Corporation ("UUR"), which is a J-REIT, and the private REIT, Marubeni and MAM will strive to contribute to the further growth of real estate securitization. Marubeni will offer top-notch investment opportunities for investors, by utilizing its own expertise in real estate development, management, and financing.

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Started sales of Fengxiangyuan Project, a large-scale housing development project in Shanghai

China

In 2014, Marubeni began selling the Fengxiangyuan, a project developed by Marubeni, Mitsui Fudosan Residential Co. Ltd., Mitsubishi Estate Co. Ltd., and Shanghai Tailu Industry Development Limited Company in Nanxiangzhen, Jiading, Shanghai.
This project is located in Nanxiangzhen, Jiading, a northwestern area of Shanghai, which is the gateway to the center of Shanghai. In the neighboring areas, there are other large projects planned, such as the Shanghai Metro Line 17, which is directly connected to the Hongqiao Integrated Transport Hub Terminal, and the Jiamin Elevated Road, while other convenient facilities such as commercial and educational buildings are also under way. On the southern side of the project area, the Yinxianghu Park with a large lake and greenery has been developed, and the property offers an exclusive view and living environment.
In this project, about 20 condominiums containing approximately 1,400 housing units, are projected to be constructed together with an accompanying commercial facility. As in past projects, all housing will adopt environmentally friendly and energy-saving techniques, such as external insulation methods, and thermal insulation and soundproofing sashes. The interior and exterior are also designed to have a grand and dignified atmosphere.
Shanghai House Property Development Co., Ltd operates five subdivided housing projects containing 5,000 housing units in Shanghai that are highly appreciated by their residents due to their landscapes full of natural greenery.

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