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 asas halls and arenas, 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
Institute of Science Tokyo* Etchujima District Land Utilization Project
This is a land utilization project for property held by Tokyo Medical and Dental University (as it was known at the time) in Etchujima 1-chome, Koto-ku, Tokyo. Tokyo Medical and Dental University and Nomura Real Estate signed a basic agreement in March 2023 to utilize the Nomura Real Estate Group’s expertise in handling everything from development to operation of diverse assets including housing, retail facilities, and offices. Additionally, joint research agreements were signed in July 2023 between Tokyo Medical and Dental University, Nomura Real Estate Development, and Nomura Real Estate Wellness (from the Nomura Real Estate Group) and in November 2023 between Tokyo Medical and Dental University, Tokyo Institute of Technology (as it was known at the time), Nomura Real Estate, and Nomura Real Estate Life & Sports (from the Nomura Real Estate Group). We will conduct joint research based on themes such as disease prevention for all generations, health maintenance and promotion, and QOL improvement to create value through research-based products and services. In March 2024, Tokyo Medical and Dental University and Nomura Real Estate signed a business contract and general fixed-term land lease agreement for this project. As an industry-academia collaboration initiative, we will promote the creation of urban development where just being there—living or visiting—makes you healthier.
*In October 2024, Tokyo Medical and Dental University and Tokyo Institute of Technology merged to establish Institute of Science Tokyo.
Tokyo Medical and Dental University: Kaori Iida (Vice President), Motoko Yamada (Director and Vice President), Arinobu Tojo (Director and Vice President), Kazunori Hirokawa (Director and Vice President), Yujiro Tanaka (President)
Nomura Real Estate Development Co., Ltd.: Daisaku Matsuo (President and Representative Director), Haruhiko Nakamura (Director and Senior Managing Executive Officer), Takayuki Kaji (Managing Executive Officer), Ichiro Sawai (General Manager, Relations Promotion Department)
As of October 2024
Ochanomizu University Alumnae Hall Site Development Project
This is a utilization project for the former alumnae hall site held by Ochanomizu University in Otsuka 2-chome, Bunkyo-ku, Tokyo. As part of Ochanomizu University’s 150th anniversary commemoration project, the initiative aims to create a hub that nurtures new intelligence and value while inheriting history and tradition. With development policies including functions for nurturing STEM talent and female leaders, strengthening industry-academia-government collaboration, serving as a hub connecting history, contributing to the community, and integrating functions for external collaboration zones, we plan to proceed with development featuring university facilities including a memorial hall, industry-academia-community collaboration space, and PR gallery on lower floors, with housing primarily on upper floors.
Ochanomizu University: Yasuko Sasaki (President)
Nomura Real Estate Development Co., Ltd.: Daisaku Matsuo (President and Representative Director)
As of May 2024
New Businesses
We promote business development beyond our existing businesses to meet diversifying needs
Flying Car Vertiport Development
We are conducting studies in hopes of cultivating urban development with new functions in the mobility field, where technological innovation is poised to drive transformation.
Tokyo Bay eSG Project
In fiscal 2023 pilot project, we are conducting studies for System Construction and Operation Demonstration for Achieving Land-Sea-Air Multimodal MaaS Centered on Floating Ports for Flying Cars (eVTOL). Additionally, we have signed a memorandum with ANA Holdings and Joby Aviation for joint studies on eVTOL vertiport development, jointly conducting business and technical studies for convenient vertiport development, initiatives to gain social acceptance, and studies for strategic partnership building. In advancing this project, we aim for higher-value urban development that implements cutting-edge technology.
Hall and Arena Business
Due to the rise in experiential consumption, the live entertainment and professional sports markets are growing, including the expansion of entertainment content such as music, anime, and games and building momentum toward establishing new professional sports leagues. As demand for halls and arenas as venues for in-person content distribution increases, we are working on hall and arena development, management, and entertainment business, aiming to create new experiential value. Since the vibrancy that halls and venues create has high affinity with existing business areas such as retail and hotels, we are also working on new urban development where people gather and create vitality.
Resort and Condo-Hotel Business
We are working on developing condominium hotels, a type of ownership hotel in resort areas. In April 2024, Seibu Holdings, Seibu Real Estate, and Nomura Real Estate Development signed a basic agreement for the joint development of the Karuizawa Sengataki Project. In this project, we plan to conduct large-scale mixed-use development utilizing approximately 22 hectares of land owned by the Seibu Group, envisioning next-generation resort concepts.
