Office development centered on ShibuyaCentered on Shibuya, where the Tokyu Group is based, we are seeking to maximize real estate value by developing, renting, and operating buildings of various functions and sizes, and also via the effective utilization of holdings including railway land.Our holdings in Shibuya include large building complexes such as Shibuya Scramble Square—which is now being developed—as well as Shibuya Stream, Shibuya Hikarie, Cerulean Tower and Shibuya Mark City. These not only provide high-grade offices but also invigorate the area through their commercial and cultural facilities. Opened in 2012, Shibuya Hikarie not only offers high-grade offices with 50,000 m2 across 18 floors but also incorporates the ShinQs mall with roughly 200 shops, one of the largest event halls in the Shibuya area, a floor of ca-fes and restaurants, Creative Space 8/ (a place for holding various events), and the Tokyu Theater Orb musical theater. It is a place for creating the business of tomorrow in Shibuya through interaction between people, things and information.We are also actively pursuing projects in other areas of central Tokyo, opening the Tokyu Yotsuya office building right by Yotsuya Station and the Tokyu Bancho Building very close to Ichigaya Station. Tokyu Capitol Tower is a high-rise building complex directly connected to Tameike-Sanno Station that includes high-security offices with excellent light and outstand-ing views and the luxury Capitol Hotel Tokyu.Property management servicesWe are now actively offering our property manage-ment services to TOKYU REIT, Inc. and other com-panies with large buildings in their portfolios, tapping into the property management expertise that we have cultivated over many years as the owner of office buildings and commercial premises. As of July 2020, the properties that we manage for our clients include office buildings and commer-cial premises in such areas as Toranomon and Shin-juku, as well as facilities in the vicinity of Shibuya, in-cluding QFRONT, which faces the Shibuya Scramble Crossing, and cocoti, a commercial facility located on Shibuya’s Meiji-dori Avenue. We strive to increase the value of the property by providing the building owners, investors, or other outsourcing parties with compre-hensive building management services that include everything from equipment management, cleaning, and security to carrying out repair and improvement work, recruiting tenants via the Tokyu Group’s broad network, and formulating medium- to long-term repair plans and annual management plans. Membership-based satellite shared office service for corporations: “NewWork”Reflecting growing interest in increasingly diverse ways of working, we offer membership-based satellite shared offices that offer a convenient and comfortable place for people to work, either close to their homes or in the heart of the metropolis. We are developing a business tailored to the needs of companies introduc-ing teleworking, which want to increase the efficiency of operations, secure personnel, reduce head office costs, and avoid congestion while commuting. As of the end of June 2020, our nationwide shared office network numbered 170 offices (51 directly managed offices and another 119 partner offices), with more than 170,000 people at around 350 corporations registered as members. With tele-working needs set to grow further, we plan to expand our network not only in the Greater Tokyo area, but also in other major cities across the country, aiming to further enhance con-venience for customers.Office Development and OperationJonan114,000m2Jonan114,000m24 centralwards36,000m24 centralwards36,000m2Yokohama33,000m2Yokohama33,000m2Machida17,000m2Machida17,000m2Shibuya160,000m2Shibuya160,000m2Kawasaki9,000m2Kawasaki9,000m2Total rentable office space369,000m2*Jonan: Shinagawa, Meguro, Ota and Setagaya*4 central wards: Chiyoda, Chuo, Minato and Shinjuku*As of the end of FY2019*SPC properties are included in calculation based on capital contribution ratio. However, other companies’ equity share in properties held in common and REIT properties are not included.Rentable office space by area (calculated as our equity share)NewWork Akasaka-mitsukeQFRONT24
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