OREANDA-NEWS. Tokyo Gas Co., Ltd. Mitsui Fudosan Co., Ltd., and Mitsubishi Estate Co., Ltd. have been moving forward with planning for the joint “TGMM Shibaura Project (working name; hereafter, “the project”)” in the Shibaura area on the east side of Tamachi Stationon Tokyo’s JR Yamanote Line. Following on today’s announcement of a development plan for the Tamachi Station east exit north district establishing a redevelopment promotion district that will encompass the project site (hereafter, “the site”) we would like to provide an overview of this major urban development project.

The project will create a multi-purpose business center with total floor space of some 300,000m2 containing office buildings, commercial facilities, a hotel and other services on an approximately28,000 m2 site owned by Tokyo Gas adjacent to the JR Tamachi Stationeast exit.  Together with JR Shinagawa Station and a proposed new JR station to be built before the 2020 Tokyo Olympic and

Paralympic Games between Tamachi and Shinagawa, the site is expected to play a key role in enhancing Tokyo’s international competitiveness. A pedestrian deck throughout the site will provide barrier free access to Tamachi Station’s east exit as well as the neighboring area, where construction is currently underway on Minato City’s Minato Park Shibaura facility, the future home of the Minato City Shibaura-Konan Regional City Office and a city sports center, as well as the Aiiku Hospital. A Smart Energy Network built around a gas cogeneration system will provide efficient heat and power.

In this project Tokyo Gas takes part in office building development and other real estate development work together with Mitsui Fudosan and Mitsubishi Estate, as a way of making more effective use of extensive property holdings.  The project also represents the first joint office development business undertaking by Mitsui Fudosan and Mitsubishi Estate.

Tokyo Gas, Mitsui Fudosan, and Mitsubishi Estate will bring together to maximum effect Tokyo Gas’ advanced environmental and energy technologies and the real estate development know-how cultivated by Mitsui Fudosan and Mitsui Estate in Nihombashi and Marunouchi districts and elsewhere.