Section 2. Expanding Our Business

10. Delving into Commercial Facilities

Property overview	BiTO AKIBA PLAZA
Address	1-18-18 Sotokanda, Chiyoda-ku, Tokyo
Date of completion	March 2005
Construction	steel-frame construction with some parts steel-frame reinforced concrete construction
Size	nine aboveground floors, one underground floor
Site area	401 m2
Total floor area	3,201 m2

BiTO AKIBA

In February 2015, Daibiru won its bid for “reserved land” 469.18 m² in size within the Akihabara Station vicinity land readjustment project. The Akihabara Daibiru Building was completed in 2005, and Daibiru acquired the adjacent Akihabara Daibiru Ekimae Plaza Building (a commercial building) in 2010. Because the reserved land was adjacent to the Akihabara Daibiru Building and in the same zone as the Akihabara Daibiru Ekimae Plaza Building, Daibiru submitted a winning bid with the expectation that its assets would increase in value over the long term. Furthermore, in December 2015, the company acquired 53.05 m² of adjacent property to the east, and in September 2016, it acquired the 55.14 m² Akihabara Ekimae Building, which was also adjacent to the east.

In November 2017, construction began on the Akihabara Project, a building with 11 aboveground floors and two underground floors. Nikken Sekkei designed the building and supervised the project, and Kajima Corporation was responsible for construction. Construction was completed in July 2019, and the building had a grand opening in November that year with the name BiTO AKIBA. BiTO, which became its brand name, represents two Japanese phrases that mean “beautiful city” and “people gathering in a building.” It was Daibiru’s first commercial building developed completely in-house under the medium-term management plan Design 100 Project Phase II (covering fiscal 2018 through 2022).

It was located at the intersection of two distinct neighborhoods—one with an electronics shopping street and subculture-related stores, and the other under redevelopment with a focus on the area surrounding the train station. The goal was to create a building that would bring in the people visiting both areas and create a lively atmosphere. A distinctive feature of the building was its exterior, which was inspired by the stacking glass dishes that were produced as craftwork in the Edo period, giving the building a look that was traditional yet glamorous and lively.

Property overview	BiTO AKIBA
Address	1-18-19 Sotokanda, Chiyoda-ku, Tokyo
Date of completion	July 2019
Construction	steel-frame construction with some parts reinforced concrete construction
Size	11 aboveground floors, two underground floors
Site area	577 m2
Total floor area	4,948 m2

The Nihonbashi 3-chome Building (a Commercial Building)

In July 2018, Daibiru acquired the Nihonbashi NK Building, a building in the Nihonbashi district of Tokyo with reinforced concrete construction, seven aboveground floors, and two underground floors, from Nisshin Kaiun Holdings. This property is conveniently located in a commercial area near Tokyo Station, a four-minute walk from Tokyo Station and a three-minute walk from Tokyo Metro Nihombashi Station. After acquiring the building, Daibiru changed its name to the Nihonbashi 3-chome Building.

Property overview	Nihonbashi 3-chome Building
Address	3-2-17 Nihonbashi, Chuo-ku, Tokyo
Date of completion	March 1989
Construction	steel-frame reinforced concrete construction
Size	seven aboveground floors, two underground floors
Site area	371 m2
Total floor area	2,305 m2

Umeda E-MA

In October 2021, Daibiru made an equity investment in a special-purpose company (SPC) that planned to acquire trust beneficiary rights involving a portion of the equity of Umeda E-MA, a commercial building situated at Umeda 1-chome in downtown Osaka. Daibiru’s trust beneficiary rights are 64.4% of the land portion of the property and 61% of the building portion.

The building had a direct underground connection to JR Osaka Station and Osaka Metro Umeda Station, which was a rarity. Its convenience was further enhanced by a deck that had been provided through development of the adjacent Osaka Twin Towers South building. Although Daibiru continued to focus on office buildings, it also made progress on expanding its commercial building business, and this highly competitive investment was deemed to benefit further development of the company’s portfolio.

This property was Daibiru’s first investment in a TK-GK scheme (an investment strategy involving a limited liability company with a silent partner).

Property overview	Umeda E-MA
Address	1-12-6 Umeda, Kita-ku, Osaka
Date of completion	May 2002
Construction	steel-frame construction with some parts steel-frame reinforced concrete construction
Size	14 aboveground floors, three underground floors
Site area	2,443 m2
Total floor area	25,234 m2