Real Estate Development Initiatives
Real Estate Development Initiatives in Japan
“Partnership” is a keyword for Construction, Realty & Logistics Division, which strives to fully utilize the advantages of a general trading company. In accordance with this keyword, in the domestic market we take part in a host of real estate development projects, including housing (condominiums and leased), logistics facilities, and office buildings.
In June 2012, we sold TIXTOWER UENO, an office building developed jointly by ITOCHU Property Development, Ltd., and Tokyo Tatemono Co., Ltd., to Japan Real Estate Investment Corporation. In April 2013, we began developing a logistics facility exclusively for DHL Supply Chain Ltd., Sagamihara Logistics Center, in cooperation with Kenedix, Inc. Through these diverse initiatives, we are striving to reinforce our earning power.
The CSR action plan of our Construction, Realty & Financial Business Division calls for “providing quality facilities with an emphasis on safety and security” and “thoroughly considering the environment.” Moving forward, we will maintain CSR awareness as we pursue the real estate development business.