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Next, the main new projects are explained.
For fiscal year 2017, five properties were opened.
Of those five properties, the commercial facilities Ginza 1-chome Project and the office OCEAN GATE MINATOMIRAI were opened and then sold.
The other three properties, Q plaza Futakotamagawa, Shinsaibashi-suji 2-chome building and Shimbashi 3-chome place, all of which are commercial facilities, made a successful start to their operations without any vacancies.
In the fiscal year 2018, the commercial facilities Ginza 7-chome Project (tentative name) located near Tokyu Plaza Ginza will be opened in spring 2019.
In fiscal years 2019 and 2020, the opening of large-scale development projects is planned, such as Dogenzaka 1-chome Shibuya-station Front District Urban Redevelopment Project, Nampeidai Project (tentative name) and Urban Regeneration Step Up Project (Takeshiba District).
In addition, the project to be opened in fiscal year 2022 outside of the scope of the medium-term management plan, Kudanminami 1-chome Project (tentative name) is for the partial preservation and rebuilding of Kudan Kaikan based on the fixed-term land lease of seventy years. The contract will be executed with the national government in March 2018 and the project has started.
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