Expanding the Rental Business Through the Acquisition, Development and Opening of Urban Assets
First written in FY2016. 25 of 33 entries say "Advanced", first in FY2017-Q3. Latest entry: 2026-11-04.
The whole theme swung hardest in 2022: 2 of 20 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- 2026-11-04Advancednfm.nikkeibp.co.jp
「Tokyu Land Corporation acquired a building in Dogenzaka, Shibuya-ku.」
The acquisition of a building in Dogenzaka, Shibuya-ku, was newly reported as an urban asset acquisition. - FY2026AdvancedAnnual report
「In the consolidated fiscal year, the average rent increase rate on rent revisions at the company's offices approached 15%, achieving steady internal growth.」
The average increase in rents following revisions at leased offices approached 15%, specifically demonstrating internal growth in the leasing assets. - FY2026-H1RestatedAnnual report
「The leased office business continued to perform well, centered on the Shibuya area, where the company owns a large number of properties. The vacancy rate for office buildings and commercial facilities at the end of the interim period remained low at 0.6%.」
The company continues to report strong performance in its leased office business centered on the Shibuya area and a low vacancy rate. - FY2025AdvancedAnnual report
「The leased office business continued to perform well, centered on the Shibuya area, where the company owns a large number of properties. The vacancy rate for office and commercial facilities at the end of the fiscal year remained low at 0.3%.」
Following the commencement of operations at the large-scale development property, the vacancy rate declined to 0.3% at the end of the fiscal year ending March 2025, marking progress in the leasing operations of urban assets. - FY2025-H1AdvancedAnnual report
「The leased office business continued to perform steadily, centered on the Shibuya area, where the company owns a large number of properties. The vacancy rate for office buildings and commercial facilities at the end of the interim period remained low at 1.8%, or 1.1% excluding Shibuya Sakura Stage, which was completed in November 2023.」
Even after Shibuya Sakura Stage began operations, the vacancy rate at the end of the interim period was 1.8%, or 1.1% excluding that property, providing disclosure on the leasing operations of urban assets. - FY2024AdvancedAnnual report
「Principal properties opened in the fiscal year ending March 2024 Property name Use Completion/opening date Gross floor area Shibuya Sakura Stage (Sakuragaoka Exit Area Redevelopment Project at Shibuya Station) Office, commercial, residential and other uses Completed 30 November 2023 255 thousand sq. m. COCONO SUSUKINO (Sapporo Susukino Station Front Complex Development Project) Hotel, commercial, cinema and other uses Opened 30 November 2023 53 thousand sq. m. Forestgate Daikanyama (Daikanyama-cho Project) Rental housing, commercial, office and other uses Opened 19 October 2023 21 thousand sq. m.」
The company confirmed the completion of Shibuya Sakura Stage and the openings of COCONO SUSUKINO and Forestgate Daikanyama as progress in its large-scale urban assets. - FY2024-Q3AdvancedAnnual report
「Principal properties opened in the fiscal year ending March 2024 Property name Use Completion/opening date Gross floor area Shibuya Sakura Stage (Sakuragaoka Exit Area Redevelopment Project at Shibuya Station) Office, commercial, residential and other uses Completed 30 November 2023 255 thousand sq. m. COCONO SUSUKINO (Sapporo Susukino Station Front Complex Development Project) Hotel, commercial, cinema and other uses Opened 30 November 2023 53 thousand sq. m. Forestgate Daikanyama (Daikanyama-cho Project) Rental housing, commercial, office and other uses Opened 19 October 2023 21 thousand sq. m.」
Completion of Shibuya Sakura Stage and the openings of COCONO SUSUKINO and Forestgate Daikanyama were confirmed, marking progress in the development and operation of large-scale urban assets. - FY2024-Q2AdvancedAnnual report
「Among properties scheduled to open in the fiscal year ending March 2024, Forestgate Daikanyama opened in October, COCONO SUSUKINO is scheduled to open in November, and Shibuya Sakura Stage, the Group's largest project, is scheduled for completion in November, with openings to follow sequentially.」
The company reports the opening and completion schedules for Forestgate Daikanyama, COCONO SUSUKINO and Shibuya Sakura Stage, indicating continued development and opening of urban assets. - FY2024-Q1AdvancedAnnual report
「In Urban (Leased Office), the loss of rental revenue from asset sales in the previous fiscal year was offset by the full-year contribution from Kudan Kaikan Terrace (Chiyoda-ku, Tokyo), which opened in October 2022. In Urban Other and Other Residential, revenue increased due mainly to higher asset sales, resulting in higher revenue and profit for the segment as a whole.」
The full-year contribution from Kudan Kaikan Terrace was reflected in results, and the urban development business reported higher revenue and profit with the addition of increased asset sales. - FY2023-Q3AdvancedAnnual report
「Kudan Kaikan Terrace, newly completed in July 2022, has already reached a 100% contracted occupancy rate, but the vacancy rate for office buildings and retail facilities temporarily rose to 2.8% due to the effect of tenants that have not yet moved in.」
The contract rate at Kudan Kaikan Terrace reached 100%, indicating that leasing of the urban asset had progressed to the stage of securing specific contracts. The disclosed vacancy rate, including tenants that had not yet moved in, was temporarily 2.8%. - FY2023-Q2AdvancedAnnual report
「The vacancy rate for office buildings and commercial facilities temporarily rose to 2.7% due to the impact of Kudan Kaikan Terrace (Chiyoda-ku, Tokyo), newly completed in July 2022, but leasing at the property is progressing smoothly. Excluding Kudan Kaikan Terrace, the vacancy rate for office buildings and commercial facilities remained low at 0.9%.」
Kudan Kaikan Terrace was completed in July 2022, and leasing is progressing smoothly. This indicates further progress in opening new urban assets and converting them into leasing properties. - FY2023-Q1AdvancedAnnual report
「In Urban (Leased Office) and Urban (Leased Commercial Facilities), shown in the revenue breakdown below, the loss of operating profit from asset sales in the previous fiscal year was offset in part by the recovery of major commercial facilities operated by the Group, including Tokyu Plaza. In Residential Development, the number of condominium units recognized increased, while in Other Residential, asset sales of rental housing increased. As a result, the segment as a whole reported higher revenue and profit.」
The urban development business reported revenue of ¥70.0 billion and operating profit of ¥11.2 billion, with revenue and profit increasing due to the recovery in commercial facilities, an increase in condominium units recognized, and higher asset sales of rental housing. The vacancy rate also remained low at 0.9%. - FY2022AdvancedAnnual report
「Tokyo Portcity Takeshiba Office Tower, the Group's largest office building, has operated at full occupancy since opening」
Full-year operation of Tokyo Portcity Takeshiba Office Tower at full occupancy was confirmed, adding to the operating track record of large-scale urban assets. - FY2022-Q1AdvancedAnnual report
「In Urban (Leased Office), full-year operations at Tokyo Portcity Takeshiba Office Tower, which opened in September 2020, contributed to results. In Urban (Leased Commercial Facilities), major commercial facilities operated by the Group, including Tokyu Plaza, showed a degree of recovery. In Residential Development, the number of condominium units recognized increased, resulting in lower revenue but higher profit for the segment as a whole. Although there are concerns about a contraction in demand for office buildings due to the diversification of working arrangements, including telework, the vacancy rate for office buildings and commercial facilities remained low at 1.0%.」
Tokyo Portcity Takeshiba Office Tower operated for the full year, and major commercial facilities showed a degree of recovery. The urban development business reported lower revenue but higher profit, with a vacancy rate of 1.0%. - FY2021AdvancedAnnual report
「The renewable energy business is progressing smoothly, with the number of operating facilities increasing as planned.」
Renewable energy power generation facilities totaled 38 facilities with rated capacity of 730MW at the end of the fiscal year ended March 2021, up from 30 facilities and 487MW at the end of the previous fiscal year. Tokyo Portcity Takeshiba Office Tower also opened at full occupancy. - FY2021-Q3AdvancedAnnual report
「Tokyo Portcity Takeshiba Office Tower, a newly opened property, opened at full occupancy in September 2020. The renewable energy business is also progressing smoothly, with the number of operating facilities increasing as planned. At the end of the third quarter: operating facilities (facilities) 38; rated capacity (MW) 677」
In addition to Tokyo Portcity Takeshiba Office Tower opening at full occupancy, renewable energy power generation facilities increased from 35 facilities and 596MW at the end of the second quarter to 38 facilities and 677MW. - FY2021-Q2AdvancedAnnual report
「Tokyo Portcity Takeshiba Office Tower, a newly opened property, opened at full occupancy. The renewable energy business is also progressing smoothly, with the number of operating facilities increasing as planned.」
Tokyo Portcity Takeshiba Office Tower opened at full occupancy, and renewable energy facilities increased to 35 facilities with 596MW at the end of the second quarter. - FY2021-Q1AdvancedAnnual report
「Asakusa 2-chome Place has been handed over to its tenants, while Tokyo Portcity Takeshiba Office Tower is scheduled to open at full occupancy. The renewable energy business is also progressing smoothly, with the number of operating facilities increasing as planned.」
The company reports the handover of Asakusa 2-chome Place, the scheduled opening of Tokyo Portcity Takeshiba Office Tower at full occupancy, and an increase in renewable energy facilities, indicating continued development and opening of urban assets. - FY2020AdvancedAnnual report
「The vacancy rate for office buildings and commercial facilities remained low at 0.6%, supported by continued strong demand.」
In addition to the contribution from Shibuya Solasta and other new properties beginning operations and higher proceeds from sales of properties to investors, the vacancy rate remained at 0.6%. Renewable energy power generation facilities totaled 30 operating facilities with rated capacity of 487MW. - FY2020-Q3Higher profit from new properties beginning operations despite lower sale proceedsAnnual report
「While revenue declined due mainly to lower proceeds from sales of buildings and other properties to investors, profit increased due to the contribution from new properties beginning operations, including Shibuya Solasta. The vacancy rate for office buildings and commercial facilities remained low at 0.4%.」
Although revenue continued to decline due to lower proceeds from sales of properties to investors, the Urban Business segment returned to profit growth due to the contribution from new properties beginning operations. The vacancy rate was 0.4% and remained low. - FY2020-Q2Continued decline in sale proceeds; vacancy rate at 0.4%Annual report
「Although new properties beginning operations, including Shibuya Solasta, contributed to results, revenue and profit declined due mainly to lower proceeds from sales of buildings and other properties to investors. The vacancy rate for office buildings and commercial facilities remained low at 0.4%. Office market conditions continued to be firm, and leasing has been completed at all of the principal properties listed below.」
While noting the contribution from new properties beginning operations and the completion of leasing at all properties, the Urban Business segment reported lower revenue and profit due to lower proceeds from sales of properties to investors. The vacancy rate was 0.4%, up from 0.2% in the previous quarter, but remained low. - FY2020-Q1AdvancedAnnual report
「Although revenue declined due to lower proceeds from sales of buildings and other properties to investors, profit increased due to the contribution from new properties beginning operations, including Shibuya Solasta, and improved rental revenue from existing properties. The vacancy rate for office buildings and commercial facilities remained low at 0.2%.」
While proceeds from sales of properties to investors declined, new properties beginning operations, including Shibuya Solasta, and improved rental revenue from existing properties contributed to higher profit. The vacancy rate declined from 0.4% at the end of the previous fiscal year to 0.2%. - FY2019AdvancedAnnual report
「Although rental revenue from existing properties improved, revenue and profit declined due to lower proceeds from sales of buildings and other properties to investors, lost profit from properties sold in the previous fiscal year, and higher costs for redevelopment projects. The vacancy rate for office buildings and commercial facilities remained low at 0.4%, supported by continued strong demand.」
The Urban Business segment reported lower revenue and profit due mainly to lower sale proceeds, while the vacancy rate declined from 0.5% at the end of the previous fiscal year to 0.4%. - FY2019-Q3Sales concentrated in the fourth quarter and higher vacancy rateAnnual report
「Although new properties beginning operations contributed to results and rental revenue from existing properties improved, revenue and profit declined due to lower proceeds from sales of buildings and other properties to investors and lost profit from properties sold in the previous fiscal year. Deliveries of buildings and other properties sold to investors are scheduled to be concentrated in the fourth quarter, and the company considers progress to be in line with the full-year forecast. The vacancy rate for office buildings and commercial facilities remained low at 0.8%, supported by continued strong demand.」
The Urban Business segment reported lower revenue and profit due mainly to lower sale proceeds, but the company said deliveries of properties sold to investors were scheduled to be concentrated in the fourth quarter. The vacancy rate rose from 0.5% at the end of the previous fiscal year to 0.8%, but remained low. - FY2019-Q2Lower revenue and profit due to lower sale proceeds and higher redevelopment costsAnnual report
「Although rental revenue from existing properties improved, revenue and profit declined due to lower proceeds from sales of buildings and other properties to investors, lost profit from properties sold in the previous fiscal year, and higher costs for redevelopment projects. The vacancy rate for office buildings and commercial facilities remained low at 0.5%.」
While rental revenue from existing properties improved and the vacancy rate remained at 0.5%, the Urban Business segment reported lower revenue and profit due to lower proceeds from sales of properties to investors, lost profit from properties sold in the previous fiscal year, and higher redevelopment costs. - FY2018AdvancedAnnual report
「In December 2017, the company invested in five commercial properties in the broader Shibuya area through a joint investment project with Norges Bank Investment Management, among other efforts to expand its assets under management. The vacancy rate for office buildings and commercial facilities declined to 0.5% from the end of the previous fiscal year as occupancy at existing properties progressed, and remained low.」
The company made a joint investment in five commercial properties in the broader Shibuya area, and the vacancy rate was 0.5%. - FY2018-Q3AdvancedAnnual report
「As new openings, Q Plaza Futako-Tamagawa (Setagaya-ku, Tokyo) opened in April 2017, Shinsaibashisuji 2-chome Building (Osaka City, Osaka) in November, and Shimbashi 3-chome Place (Minato-ku, Tokyo) in December. All began operating smoothly at full occupancy. The vacancy rate for office buildings and commercial facilities improved to 0.4% from the end of March 2017 as occupancy at existing office buildings progressed, and remained low.」
Following Q Plaza Futako-Tamagawa, Shinsaibashisuji 2-chome Building and Shimbashi 3-chome Place opened, and both began operating at full occupancy. The vacancy rate declined from 2.0% at the end of March 2017 to 0.4%. - FY2018-Q2AdvancedAnnual report
「Revenue and profit increased due to higher proceeds from sales of buildings and other properties to investors, improved rental revenue from existing properties, and the contribution from Gakusei Joho Center Co., Ltd., which became a consolidated subsidiary in November 2016. The vacancy rate for office buildings and commercial facilities improved to 0.3% from the end of March 2017 as occupancy at existing office buildings progressed, and remained low.」
The consolidated contribution from Gakusei Joho Center became evident in results, and the vacancy rate for office buildings and commercial facilities improved to 0.3% from the end of March 2017. - FY2018-Q1AdvancedAnnual report
「Q Plaza Futako-Tamagawa (Setagaya-ku, Tokyo; commercial facility) opened in April 2017. The vacancy rate for office buildings and commercial facilities remained low at 0.5%.」
The new commercial facility Q Plaza Futako-Tamagawa opened in April 2017, and the vacancy rate declined from 2.0% at the end of the previous fiscal year to 0.5%. - FY2017-Q3AdvancedAnnual report
「Profit increased due mainly to the contribution from Tokyu Plaza Ginza and other commercial facilities that opened in the previous fiscal year and improved rental revenue from existing properties. The vacancy rate for office buildings and commercial facilities remained low at 0.8%.」
The contribution from Tokyu Plaza Ginza and other properties and improved rental revenue from existing properties continued, while the vacancy rate declined from 0.9% in the previous quarter to 0.8%. - FY2017-Q2RestatedAnnual report
「Although Tokyu Plaza Ginza and other properties that opened in the previous fiscal year contributed to results and rental revenue from existing properties improved, revenue and profit declined due mainly to lower proceeds from sales of buildings and other properties to investors. The vacancy rate for office buildings and commercial facilities remained low at 0.9%.」
While confirming the contribution from Tokyu Plaza Ginza and other properties and improved rental revenue from existing properties, the Urban Business segment reported lower revenue and profit due to a decline in proceeds from sales of properties to investors. The vacancy rate remained at 0.9%. - FY2017-Q1RestatedAnnual report
「Although Tokyu Plaza Ginza, which opened in March 2016, contributed to results, revenue and profit declined due mainly to lower proceeds from sales of buildings and other properties to investors. The vacancy rate for office buildings and commercial facilities remained low at 1.0%.」
While confirming the contribution from Tokyu Plaza Ginza's operations and the low vacancy rate, the Urban Business segment reported lower revenue and profit due to a decline in proceeds from sales of buildings and other properties to investors. - FY2016First statedAnnual report
「In addition, CROSS PLACE Hamamatsucho (Minato-ku, Tokyo; office building) was acquired in April 2015. Morinomiya Q's Mall BASE (Osaka City, Osaka; commercial facility) and Futako-Tamagawa Rise (Phase 2 Project) (Setagaya-ku, Tokyo; office and commercial facilities) also opened in April, followed by Tokyu Plaza Ginza (Chuo-ku, Tokyo; commercial facility) in March 2016. All began operating smoothly at high occupancy rates.」
The company reports that it proceeded with the acquisition, opening and operation of office and commercial properties, while the vacancy rate improved to 0.9%.