Redevelopment of the South Exit of Futamata-gawa Station and Areas Along the Izumino Line, etc.

「In the real estate leasing business, we worked to give concrete form to attractive community development under the Yokohama Station West Exit Grand Renovation Concept, in preparation for large-scale redevelopment around the west exit of Yokohama Station in the future. We were also selected as a business partner by the preparatory association for the Tsurugamine Station North Exit District Urban Redevelopment Project.」

「At Vlag yokohama, a business co-creation facility on the upper floors of THE YOKOHAMA FRONT, the Company held various events, including talk sessions and one-day use experiences, to mark its first anniversary. Similarly, at Yumegaoka Soratos, it held the first-anniversary event “Yumegaoka Soratos 1st Anniversary” and sought to increase customer traffic and profitability by offering a variety of activities for children and families.」

「In the real estate leasing business, we opened the commercial area of THE YOKOHAMA FRONT, the facility building of the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project, and Vlag yokohama, a mixed-use facility for business co-creation. We also opened Yumegaoka Soratos, the large-scale mixed-use facility directly connected to Yumegaoka Station, and fully opened Hoshiten qlay, which uses the under-track space between Hoshikawa and Tennocho stations, working to improve customer traffic and earnings.」

「In the real estate leasing business, we opened the commercial area of THE YOKOHAMA FRONT, the facility building of the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project, and Vlag yokohama, a mixed-use facility operated with TOKYU CORPORATION for business co-creation, in June. In July, we opened Yumegaoka Soratos, the large-scale customer-attracting facility in front of Yumegaoka Station, and part of Zone E of Hoshiten qlay, the under-track facility between Hoshikawa and Tennocho stations, while focusing on preparations for opening the remaining units. In September, we announced the Yokohama Station West Exit Grand Renovation Concept and began full-scale consideration of a large-scale redevelopment concept for the area around the west exit of Yokohama Station.」

「In the real estate leasing business, we opened all zones of Hoshiten qlay, the under-track facility between Hoshikawa and Tennocho stations, and continued to promote attractive community development along the railway lines, including by focusing on administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project, THE YOKOHAMA FRONT, and construction of the large-scale customer-attracting facility Yumegaoka Soratos.」

「At Hoshiten qlay, a new under-track facility between Hoshikawa and Tennocho stations, we opened Zone B in February 2023, Zone D centered on YADORESI in April, and part of Zone C in December, bringing together spaces that promote next-generation learning and interaction and enable manufacturing and creativity. In addition, taking advantage of the improved access to central Tokyo following the full opening of the Sotetsu Shin-Yokohama Line, we expanded the area covered by our acquisition of offices and mixed-use buildings and strengthened these initiatives.」

「For development along the railway lines, we named the large-scale customer-attracting facility at Yumegaoka Yumegaoka Soratos and progressed with construction toward its planned opening in summer 2024. We also continued to promote attractive community development, including by focusing on administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project, whose facility was named THE YOKOHAMA FRONT.」

「Following the February opening of Zone B of Hoshiten qlay, a new under-track facility between Hoshikawa and Tennocho stations, we opened Zone D, centered on YADORESI, in April. We also acquired Sotetsu Shin-Yokohama Building (Fuji Fire Yokohama Building), located in front of Shin-Yokohama Station, in May and Toritsu-Daigaku Station-Front Building in June as new income-producing properties. In addition, for development along the railway lines, construction of the large-scale customer-attracting facility at Yumegaoka progressed toward its planned opening in summer 2024, while we continued to promote attractive community development, including by focusing on administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project.」

「In the real estate leasing business, we opened Phase 1 of Hoshiten qlay, a new under-track facility between Hoshikawa and Tennocho stations, commenced construction of the large-scale customer-attracting facility at Yumegaoka, and continued to promote attractive community development along the railway lines, including by focusing on administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project.」

「In the real estate leasing business, the Company prepared to open “Hoshiten qlay,” an under-track space between Hoshikawa and Tennocho stations on the main 相鉄 Line, with the first phase opening on 2 February and subsequent phases opening in stages. In December, it also began construction of a large-scale customer-attracting facility in Yumegaoka.」

「In addition to preparing for the December opening of the first phase of Hoshiten qlay (Hoshiten Kurei), an under-track facility between Hoshikawa and Tennocho stations on the Sotetsu Main Line, we continued to promote community development along the railway lines by undertaking administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project and acting on behalf of the land readjustment project in the Izumi Yumegaoka district.」

「We acquired Sotetsu Minamisaiwai No. 14 Building, Sotetsu Minamisaiwai No. 15 Building and Sotetsu Minamisaiwai No. 16 Building in Nishi Ward, Yokohama City, and Sotetsu Iwamotocho Building in Chiyoda Ward, Tokyo, working to expand our business platform. We also reopened Konandai Birds in Konan Ward, Yokohama City, following renovation, with the aim of improving earnings and customer traffic.」

「In April, we reopened the new Konandai Birds, expanding its trading area beyond existing customers and actively attracting families with children,」

「We used under-track space near Izumichuo Station on the Sotetsu Izumino Line to open a small licensed daycare center as a tenant of Sotetsu Life Izumichuo. We also acquired Sotetsu Minato Kaigan Building in Minato Ward, Tokyo, and worked to expand our business platform.」

「The real estate leasing business faced an extremely difficult operating environment due to the temporary closure or suspension of operations at some commercial facilities during the state of emergency and rent reductions for tenants as a result. We nevertheless worked to revitalize areas along the railway lines and improve earnings by opening a small licensed daycare center in under-track space near Izumichuo Station on the Sotetsu Izumino Line as a tenant of Sotetsu Life Izumichuo, and by attracting appealing tenants to commercial facilities including Sotetsu Joinus. We also continued to promote community development along the railway lines by undertaking administrative work for the Yokohama Station North-West Exit Tsuruyacho District Urban Redevelopment Project and acting on behalf of the land readjustment project in the Izumi Yumegaoka district.」

「In the real estate leasing business, we acquired Sotetsu Minamisaiwai No. 12 Building in Nishi Ward, Yokohama City, opened the commercial facility Sotetsu Yamato-Minami Building under the Yamato Promenade South-Side Development Plan, and opened the first-floor commercial units of KNOCKS Yokohama Yayoidai, the Phase 3 project under the Yayoi-dai Station-Front Area Renovation Plan, working to expand our business platform. We also worked to improve earnings by attracting appealing tenants to commercial facilities including Sotetsu Joinus, while promoting construction of the underground-level connecting passage between the Yokohama Station Central Passageway and the Yokohama Station West Exit underground mall to improve convenience, and began full operation of the passageway.」

「We acquired Sotetsu Minamisaiwai No. 12 Building and promoted new building construction under the Yamato Promenade South-Side Development Plan, working to expand our business platform.」

「We acquired Sotetsu Minamisaiwai No. 12 Building in Nishi Ward, Yokohama City, and promoted the Yamato Promenade South-Side Development Plan, commencing new construction of the building. We also worked to improve earnings by attracting appealing tenants to commercial facilities including Sotetsu Joinus, while promoting construction of the underground-level connecting passage between the Yokohama Station Central Passageway and the Yokohama Station West Exit underground mall to improve convenience.」

「We acquired Sotetsu Kitako No. 3 Building in Nishi Ward, Yokohama City, and worked to expand our business platform. Along the Sotetsu Line, we opened the new commercial facility Joinus Terrace Futamatagawa, directly connected to Futamatagawa Station, promoted the Izumino Line Station-Front Area Renovation Plan, opened Phase 2 of Sotetsu Life Yayoi-dai as part of the redevelopment in front of Yayoi-dai Station, and completed full-building revitalization work at Sotetsu Life Mitsukyo.」

「In April, we opened Joinus Terrace Futamatagawa in the commercial building of Cople Futamatagawa and the extension of Futamatagawa Station, developed through the Futamatagawa Station South Entrance District Type 1 Urban Redevelopment Project. In November, we also opened the Phase 2 area, completing the commercial facility with a total of 100 stores. We also reopened Sotetsu Life Mitsukyo following a full-building renovation, and promoted the Izumino Line Station-Front Area Renovation Plan, including the opening of Phase 2 of Sotetsu Life Yayoi-dai as part of the redevelopment in front of Yayoi-dai Station.」

「In the real estate leasing business, we opened Joinus Terrace Futamatagawa in the commercial building of Cople Futamatagawa, developed through the Futamatagawa Station South Entrance District Type 1 Urban Redevelopment Project, and in the extension of Futamatagawa Station, while promoting expansion work for the remaining second-floor commercial area of Futamatagawa Station. We also promoted the Izumino Line Station-Front Area Renovation Plan, opened Phase 2 of Sotetsu Life Yayoi-dai as part of the redevelopment in front of Yayoi-dai Station, and promoted full-building revitalization work at Sotetsu Life Mitsukyo along the Sotetsu Line.」

「In the real estate leasing business, we opened Joinus Terrace Futamatagawa in the Futamatagawa Station South Entrance Redevelopment Plan and promoted Phase 2 construction of the Sotetsu Life Yayoi-dai redevelopment at the Yayoi-dai Station-Front Area under the Izumino Line Station-Front Area Renovation Plan. At the west exit of Yokohama Station, we worked to improve earnings by attracting appealing tenants to commercial facilities including Sotetsu Joinus, while promoting construction of the connecting passage between the Yokohama Station Central Passageway and the Yokohama Station West Exit underground mall, with the aim of fully opening the underground-level passageway.」

「In the real estate leasing business, we promoted the Izumino Line Station-Front Area Renovation Plan and opened Sotetsu Life Yayoi-dai as part of the redevelopment of the Yayoi-dai Station-Front Area. At the west exit of Yokohama Station, we worked to improve earnings by replacing tenants at Sotetsu Minamisaiwai No. 3 Building and Sotetsu Minamisaiwai No. 5 Building and attracting appealing tenants, while also promoting construction to connect the Yokohama Station Central Passageway with the Yokohama Station West Exit underground mall to improve convenience.」

「In the real estate leasing business, we continued to promote the redevelopment of the Yayoi-dai Station-Front Area under the Izumino Line Station-Front Area Renovation Plan. At the west exit of Yokohama Station, we renovated certain retail units at Sotetsu Joinus and worked to improve earnings by attracting appealing tenants, while also promoting construction to connect the Yokohama Station Central Passageway with the Yokohama Station West Exit underground mall to improve convenience.」

「In the real estate leasing business, we continued to promote the redevelopment of the Yayoi-dai Station-Front Area under the Izumino Line Station-Front Area Renovation Plan. At the west exit of Yokohama Station, we worked to improve earnings by attracting appealing tenants to commercial facilities including Sotetsu Joinus, and promoted construction to connect the Yokohama Station Central Passageway with the Yokohama Station West Exit underground mall to improve convenience.」

「In the real estate sales business, we sold 319 condominium and detached housing units, mainly including condominiums such as Gracia Ebina in Ebina City, Gracia City Kawasaki Daishikawara in Kawasaki Ward, Kawasaki City, and Faircis Hachioji Shinmachi in Hachioji City, Tokyo, as well as detached homes such as Gracia Life Hayakawashiroyama in Ayase City, Gracia Life Sagamino and Gracia Life Ebina in Ebina City. As part of the Minami-Makigahara Station Area Renovation Project, we also began leasing the rental apartment building KNOCKS Minamaki-Mirai.」

「In addition, to help enhance the value of the west exit of Yokohama Station and areas along the Sotetsu Line, we held various events in cooperation with the local community and pursued area management initiatives at Minamaki Lab. We also continued to promote community development along our railway lines by undertaking administrative work for the Futamatagawa Station South Entrance Urban Redevelopment Project and acting on behalf of the land readjustment project in the Izumi Yumegaoka district.」

「In the real estate leasing business, we promoted the Izumino Line Station-Front Area Renovation Plan, and the Sotetsu Life Minami-Makigahara and Sotetsu Life Izumino commercial facilities were completed. At the west exit of Yokohama Station, we worked to improve earnings by attracting appealing tenants to commercial facilities including Sotetsu Joinus, and promoted construction to connect the Yokohama Station Central Passageway with the Yokohama Station West Exit underground mall to improve convenience.」

「We promoted the Izumino Line Station-Front Area Renovation Plan and held the grand opening of Sotetsu Life Minami-Makigahara as part of the redevelopment around Minami-Makigahara Station. We also continued to promote community development along our railway lines by undertaking administrative work for the Futamatagawa Station South Entrance Urban Redevelopment Project and acting on behalf of the land readjustment projects in the west exit area of Ebina Station and the Izumi Yumegaoka district.」

「In addition to pursuing priority redevelopment projects along our railway lines, including the Futamatagawa Station South Entrance Redevelopment Plan and the Izumino Line Station-Front Area Renovation Plan, we will actively implement various measures to raise awareness of the Sotetsu Group and create new value.」