* Information contained in this news release is current as of its date of announcement. Be aware that information contained herein is subject to change without notice.
December 16, 2020
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, December 16, 2020 – Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced today that it will open KOIL TERRACE on January 4, 2021. KOIL TERRACE is an office suited to various work styles based on the concept of Smart & Well-being in District 141 within Kashiwa-no-ha Smart City, where it is promoting neighborhood creation through a public-private-academic collaboration. This marks the second property in the KOIL series following KOIL (Kashiwa-no-ha Open Innovation Lab) *1, an incubation facility where companies that generate new industries are gathered, which opened in April 2014. Through the development of KOIL TERRACE, Mitsui Fudosan will further accelerate new industry creation in Kashiwa-no-ha Smart City.
External view of KOIL TERRACE
The Kashiwa-no-ha area was developed to be an international academic research city/next-generation environmental city based on the Kashiwa-no-ha International Campus Town Initiative. This endeavor was jointly drafted by Chiba Prefecture, Kashiwa-shi, Chiba University, the University of Tokyo, the Urban Renaissance Agency (UR) and Mitsui Fudosan. The Initiative designates the adjacent area which is to the north of the “By-the-station district,” which has been already developed, as the “Innovation Campus Zone” (a “multipurpose, creative industrial sector”), as the next area for development. The public-private-academia partnership has been engaged with its construction. In addition to residential functions, the Innovation Campus Zone will have a concentration of business/research functions and commercial facilities to develop a multifunctional and vital compact city where living and working are close to each other.
The property will be maintained as the first hub of industry creation in the Innovation Campus Zone (a multipurpose creative industrial sector). With Aqua Terrace, a natural, symbiotic space that is close to the water, at the center, various facilities are grouped together from Kashiwanoha-campus Station to the area surrounding the property; these include Kashiwanoha T-SITE, a mixed-used retail facility; Kashiwanoha Kakedashi Yokocho, a retail facility composed of 20 stores modeled after food stalls; and coffee houses and breweries. Amid the urban bustle and rich, natural environment created as a result, a new lifestyle (a way of working and living) unique to Kashiwanoha is made possible.
With the property as a starting point, Mitsui Fudosan will continue to gather even more companies and attract research organizations to the Innovation Campus Zone, further accelerating the new industry creation that is the vision of neighborhood creation for Kashiwa-no-ha Smart City.
The first KOIL property opened in January 2014 near Kashiwanoha-campus Station as a creative hub of innovation that will create new industries by bringing together and fostering interaction among companies and individuals. KOIL provides not only physical spaces but high-quality support programs to help entrepreneurs to transform their ideas and technologies into viable businesses. As the second property in the KOIL series, the plan is to inherit the spirit to generate innovation and conduct various initiatives.
Aiming to be capable of adapting to various work styles, the property is fully equipped with ample common areas. For fees, a pay-per-use contract arrangement in which charges are made only for the use of common areas (such as meeting rooms and coworking spaces) has been introduced. As a result, tenant companies can reduce fixed rental fees by securing spaces and functions that previous tenant companies had secured within rental spaces in the common areas.
KOIL TERRACE faces Aqua Terrace, a luxurious space close to the water, and enables people to work in the middle of a rich, natural environment. It is also fully equipped with such features as a five-story open atrium that overflows with an open feeling, a lounge where people can take in Kashiwanoha’s scenery, and a relaxation room. Located approx. 30 minutes by a direct train from central Tokyo, people can work in the middle of a natural environment that is difficult to enjoy in central Tokyo. Two concierges will be on site full-time so that they can support the comfortable work styles of those that use the property. They will take reservations for each common area, provide guidance around the facility, and handle other inquiries.
|Address||Central District 141-1, 226-44 Wakashiba, Kashiwa City, Chiba Prefecture|
|Access||Four minutes on foot from Kashiwanoha-campus Station on the Tsukuba Express|
|Opening||January 4, 2021 (planned)|
|Project operator||Mitsui Fudosan Co., Ltd.|
|Design and supervision||KONOIKE CONSTRUCTION CO., LTD., Tokyo Main Office, Office of Registered Architects|
|Construction||KONOIKE CONSTRUCTION CO., LTD., Tokyo Main Office|
|Basic planning and exterior design supervision||IAO TAKEDA ARCHITECTS ASSOCIATES CO., LTD.|
|Interior design supervision||DRAFT Inc.|
|Number of floors||Six floors above ground, 1 penthouse floor|
|Site area||4,124.72 m2 (4,439,811.66 ft2)|
|Total floor area||11,714.64 m2 (126,095 ft2)|
Located approx. 30 minutes from central Tokyo, Kashiwa-no-ha Smart City offers tremendous accessibility, and is also an area of accumulated knowledge where the nation’s top research institutes such as The University of Tokyo and Chiba University are concentrated within a 2 km radius of Kashiwanoha-campus Station. Kashiwa-no-ha Smart City is being built through a private-public-academic collaboration, and there is proactive engagement in demonstration projects using technology from startups and universities. KOIL, which opened in 2014 as a hub of innovation, is bustling with the concentration and interaction of entrepreneurs and creators. Utilizing these unique features of the Kashiwanoha Campus area, workers and tenant companies gathered at KOIL TERRACE are looking ahead to collaboration that will generate new innovation.
Mitsui Fudosan is a comprehensive developer that creates new value by striving to resolve social issues through urban development. At Kashiwa-no-ha Smart City, Mitsui Fudosan aims to create a smart, compact city driven by data through the introduction of new technologies such as AI and IoT. It has been selected by the Ministry of Land, Infrastructure, Transport and Tourism as an advanced model project for a smart city towards realizing Society 5.0. Going forward, Mitsui Fudosan will work on developing smart medical institution services for health and medicine. In addition, the Mitsui Fudosan Group believes that it can contribute significantly to the realization of Society 5.0, which is advocated by the Japanese government, and to the achievement of the SDGs, by promoting ESG management, which means advancing businesses based on an awareness of the Environment (E), Society (S), and Governance (G).
The Mitsui Fudosan Group aims for a society that enriches both people and the planet under the principles of coexist in harmony with society, link diverse values and achieve a sustainable society, and advances business with an awareness of the environment (E), society (S) and governance (G), thus promoting ESG management. By further accelerating its ESG management, the Group will realize Society 5.0, which the Japanese government has been advocating, and contribute significantly to achieving the SDGs.
* The initiatives covered in this press release are contributing to three of the UN’s SDGs.
|Goal 8||Decent Work and Economic Growth|
|Goal 9||Industry, Innovation and Infrastructure|
|Goal 11||Sustainable Cities and Communities|