Solving Challenges and Problems Faced by Local Communities, Contributing New Value to Society
We analyze the history and potential of each location in detail, conceive “vibrancy” that considers the future of people, and believe that the value generated from this leads to the creation of real estate value. This aims to revitalize real estate that has deteriorated over time and declined in asset value due to changing times.
Condominium Deterioration Becomes a Social Issue
The deterioration of condominiums has become a social issue in Japan. Currently, there are approximately 810,000 condominiums over 40 years old, which will increase to about 2.4 times (approximately 1.98 million units) in 10 years, and dramatically surge to about 4.5 times (approximately 3.67 million units) in 20 years. Buildings with insufficient earthquake resistance are expected to pose risks to surrounding areas during earthquakes and other disasters.
We conduct redevelopment projects for such deteriorated condominiums that require proper management systems, implementing initiatives in accordance with the “Act for Facilitating Condominium Reconstruction and Other Activities.”
Number of Condominiums Over 30, 40, and 50 Years Old
※Source: Ministry of Land, Infrastructure, Transport and Tourism materials from February 2020 “Bill to Partially Amend the Act on Promotion of Proper Management of Condominiums and the Act for Facilitating Condominium Reconstruction and Other Activities”
Revitalizing Rental Buildings into Condominiums for Sale
By subdividing rental buildings in well-established residential locations and converting them into condominiums for sale, we can delight rental residents who loved the residential environment and location by offering them ownership opportunities. We also supply “high-quality used condominiums” to the market by fully renovating vacant units with new construction-level amenities before sale.
Regeneration of Deteriorated Buildings in Prime Station-Front Locations
We acquire deteriorated buildings with land lease rights that have been neglected for years. Given their landmark locations, we develop medium to long-term regeneration plans to make them area symbols, realizing these through dialogue with each tenant.
Business Performance
CASE STUDY
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PROJECT NAME
Apartment Building Value-Up Project
Completion: August 2019
Location: Meguro, Meguro-ku, Tokyo
Total Units: 100 units