Heiwa Real Estate advances Sapporo redevelopment with ¥120 bn asset acquisition

Heiwa Real Estate Co., Ltd. announced a resolution by its board of directors on August 28, 2025, to acquire fixed assets for the Odori-nishi 4 South, Type 1 District Redevelopment Project in central Sapporo. This acquisition, with a planned cost of approximately ¥120 billion, aligns with the company's "WAY 2040 Stage 1" medium-term management plan, which focuses on expanding redevelopment nationwide. Heiwa Real Estate is participating as both a stakeholder and an association member in the Odori-nishi 4 South District Urban Redevelopment Association, working to enhance Sapporo's value.

The project involves acquiring a portion of the land and buildings, with construction slated to begin in October 2025 and completion expected in August 2029. The development will feature a 36-story, 185-meter-high structure with three underground floors, utilizing steel-frame, reinforced concrete, and steel-reinforced concrete construction, incorporating an intermediate layer seismic isolation system. The main uses will include office, commercial, and hotel facilities, a parking garage, and district heating and cooling.

Heiwa Real Estate Co., Ltd. serves as an association member, with Taisei Corporation as the specific business agent, and a consortium of Mitsubishi Jisho Design Inc. and General Real-estate Appraisal Consultants Co., Ltd. as business consultants. Kengo Kuma & Associates is overseeing the design. The company anticipates a minimal impact on its financial results for the fiscal year ending March 31, 2026, from this acquisition.