Redevelopment of Existing Buildings in the Nagoya Area and Facility Upgrades in Mie Prefecture

「三交不動産㈱ opened Yokkaichi Sanco Building, one of the largest rental office buildings in Mie Prefecture, in August this year, and began developing Yokkaichi Sanco Building Annex, with Sanco Inn as its anchor tenant, thereby working to expand the earnings base centred on the Real Estate segment.」

「On a site adjacent to the New Yokkaichi Sanco Building, which was completed in March this year, development is under way on the Yokkaichi Sanco Building Annex, with Sanco Inn as its anchor tenant and a target opening in spring 2028.」

「三交不動産㈱ opened Meieki Sanco Building in April this year and No. 2 Nagoya Sanco Building in June, and also began developing Mie Prefecture’s first rental apartments for sale in Yokkaichi, thereby expanding the earnings base centred on the Real Estate segment, a growth driver.」

「In the leasing business, in addition to developing the provisional Yokkaichi Ekimae Sanco Building and other projects scheduled to open in spring 2025, we will acquire existing rental facilities and pursue other initiatives to accelerate business expansion.」

「At Sanco Real Estate Co., Ltd., construction is under way in Nagoya of the provisional No. 2 Nagoya Sanco Building and the provisional Nagoya Nakamura-ku Tsubakicho Building, and in Mie Prefecture of the provisional Yokkaichi Ekimae Sanco Building.」

「In Nagoya, we will open the provisional No. 2 Nagoya Sanco Building and the provisional Nagoya Nakamura-ku Tsubakicho Building, each with a different concept, in the eastern and western areas around Nagoya Station, where the opening of the maglev line is expected to have a positive impact. In Yokkaichi, Mie Prefecture, we will open the provisional Sanco Yokkaichi Ekimae Building, one of the largest office buildings in the prefecture, in front of Kintetsu Yokkaichi Station, and are considering redeveloping the nearby existing Yokkaichi Sanco Building around the Sanco Inn business hotel brand.」

「In addition, the group advanced the rental business, a priority area, through projects including the construction of the “2nd Nagoya Sanco Building” (provisional name), the “Nagoya City Nakamura-ku Tsubaki-cho Building” (provisional name), and the construction plan for the “Sanco Yokkaichi Ekimae Building” (provisional name), among others.」

「The group also advanced its business, focusing on priority areas, including constructing build-to-sell rental condominiums in Nagoya and the “2nd Nagoya Sanco Building” (provisional name), and pursuing plans to construct an office building in front of Kintetsu Yokkaichi Station.」

「The group also advanced its business, focusing on priority areas, including constructing build-to-sell rental condominiums in Nagoya and the “2nd Nagoya Sanco Building” (provisional name).」

「In the leasing business, the company is proceeding with construction of the Second Nagoya Sanco Building (provisional name), which began in January 2022, while working to acquire new properties and improve occupancy rates at existing facilities in order to secure profit.」

「In the leasing business, operating revenue increased despite the closure of existing facilities associated with construction of the provisional No. 2 Nagoya Sanco Building, due in part to the newly acquired site of an existing commercial facility in Yokkaichi, Mie Prefecture.」

「In the leasing business, operating revenue declined, partly due to the closure of existing facilities associated with construction of the provisional No. 2 Nagoya Sanco Building.」

「In the leasing business, rebuilding work on the provisional No. 2 Nagoya Sanco Building is currently being pursued, with the aim of opening in spring 2024.」

「We began redeveloping an existing rental facility owned near the building in August 2020 and decided on a plan to open it as the provisional No. 2 Nagoya Sanco Building in spring 2024.」

「Nagoya Sanco Building, whose rebuilding work had been under way, opened on 24 April this year. Going forward, we will seek to strengthen the Group's presence in the Nagoya area by promoting the redevelopment of nearby rental facilities, among other initiatives.」

「Nagoya Sanco Building, which is scheduled to house the higher-end brand Sanco Inn Grande Nagoya, is scheduled to open on 24 April 2020.」

「We are making steady progress on the rebuilding plan for Nagoya Sanco Building, which is targeted to open in April 2020.」

「Against this backdrop, in the current fiscal year, the final year of the medium-term management plan formulated in February 2016, our Group steadily implemented its investment plans, including the renovation of the Gozaisho Ropeway, construction of “Sanco Inn Kyoto Hachijoguchi” (provisional name), reconstruction of the Nagoya Sanco Building, and construction of mega-solar facilities, while actively advancing its businesses toward achieving the plan.」

「In the leasing business, we will promote the redevelopment of existing buildings, particularly in the Nagoya area. We will also seek to increase revenue in Mie Prefecture through new store openings and the renovation of commercial facilities.」