Mitsui Fudosan and others unveil Tokyo Midtown Nihonbashi, set to open next year

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Summary · why it matters

Mitsui Fudosan and Nomura Real Estate on the 8th showed part of the large mixed-use complex Tokyo Midtown Nihonbashi, under development in Chuo Ward, Tokyo, to reporters. It is the fourth property under the Tokyo Midtown brand developed by Mitsui Fudosan, following Roppongi, Hibiya, and Yaesu, and is scheduled to open next year. The building will be completed on September 30, and the whole complex consists of four blocks. Office floors in the roughly 284-meter-tall mixed-use Nihonbashi Nomura Mitsui Tower will be occupied in stages by tenants including the headquarters of Nomura Holdings, and it will also house a hotel operated by Hilton and a hall capable of hosting international conferences. An energy center will be established underground jointly with Tokyo Electric Power Energy Partner, allowing stable supplies of electricity and heat even during power outages. The existing commercial facility COREDO Nihonbashi, which will form part of Midtown, will close in October and reopen as a commercial area next year.

Impact on assets 4

Real Estate▲
Mitsui Fudosan Co., Ltd.
8801
▲ PositiveDemandrelevance

Mitsui Fudosan is the lead developer of the fourth Tokyo Midtown-branded complex, opening next year with office, hotel, and commercial space.

Aging Population▲
Nomura Real Estate Holdings, Inc.
3231
▲ PositiveDemandrelevance

Nomura Real Estate co-developed and unveiled the Tokyo Midtown Nihonbashi complex, which will provide office and commercial space.

Financials▲
Nomura Holdings, Inc.
8604
▲ PositiveDemandrelevance

Nomura Holdings' headquarters will occupy office floors in the Nihonbashi Nomura Mitsui Tower, anchoring the new development.

Consumer Discretionary▲
Hilton Worldwide Holdings Inc
HLT
▲ PositiveDemandrelevance

The new Tokyo Midtown Nihonbashi complex will house a hotel operated by Hilton, adding a new property to its portfolio.

Off-coverage companies 1

Tokyo Electric Power Energy Partner Inci
Private▲ PositiveDemandrelevance

Tokyo Electric Power Energy Partner will jointly establish an underground energy center to supply stable electricity and heat to the complex.