Completion of Rokumaru Gate Ikebukuro

Sumitomo Corporation (Headquarters: Chiyoda-ku, Tokyo; Representative Director, President and CEO: Masayuki Hyodo; hereinafter “Sumitomo Corporation”) and Fuyo General Lease Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President & Chief Executive Officer: Hiroaki Oda; hereinafter “Fuyo General Lease”) has completed the construction of “the Higashi-Ikebukuro 1-chome Plan” (“Rokumaru Gate Ikebukuro”), a joint project in Higashi-Ikebukuro 1-chome, Toshima-ku, Tokyo.

■ Development Background
The property is located in front of the Ikebukuro Station on the Sunshine 60 Street, one of the busiest streets in Japan. Sumitomo Corporation acquired “Ikebukuro Lokumaru Building” in April 2013 and the adjacent “JTB Building” in April 2020, and construction work began in September 2021 after the existing buildings were demolished.

April 2013 　　    Sumitomo Corporation acquires the Ikebukuro Lokumaru Building
April 2020 　　    Sumitomo Corporation acquires the adjacent JTB Building
October 2020       Demolition of the two buildings begins
December 2020   Fuyo General Lease acquires a portion of the trust beneficiary rights
September 2021  Start of New construction
End of May 2023  Completion of new construction

■Features of the Property
The property is an 11-story mixed-use complex with two basement floors, which plans to open an amusement facility and a clinic. The building is expected to become a symbol of the area with its impressive design that changes its appearance from different angles due to the monolithic composition. The building is designed with an open and bright entrance approach to Sunshine 60 Street, which has heavy pedestrian traffic, to reduce the sense of oppression to the surrounding area.

 

■Commercial Facility Business of Sumitomo Corporation
Sumitomo Corporation is engaged in the development and operation of Commercial facilities under the concept of "making this town a place where people want to come back again”. In addition to the development of luxurious facilities such as “GINZA SIX”, which are suitable for international cities, and large-scale mixed-use facilities that take advantage of the strength of a general trading company, Sumitomo Corporation have been working on RSC-type commercial facilities (Note) such as “Terrace Mall Shonan” and “Gran Emio Tokorozawa" that can contribute to the liveliness of various communities in areas with a high concentration of retail space, mainly in the Tokyo metropolitan area, by focusing on "community-made development" that is tailored to local characteristics and stakeholders. We will further focus on the development of commercial facilities in prime locations in central Tokyo, such as this property, in order to respond to the recovery of demand from affluent Japanese consumers and inbound travelers.

■Fuyo General Lease's Real Estate Business
Fuyo General Lease has positioned real estate business as one of the core areas to achieve stable growth under its medium-term management plan “Fuyo Shared Value 2026”, which began in fiscal 2022. Through this business, we are working to contribute to improving the convenience of life in local communities and creating affluent lifestyles. We will continue to aim for sustainable growth by simultaneously solving social issues and realizing corporate value through the practice of CSV (Creating Shared Value).

（Note） RSC-type Commercial Facilities : Abbreviation for Regional Shopping Center. It refers to a large shopping center that can attract customers from a wide area.

Outline of Rokumaru Gate Ikebukuro

Location	1-13-7,10 Higashi-Ikebukuro, Toshima-ku, Tokyo
Site Area	1,240.58m2
Total Floor Area	10,907.13m2
Total Number of Stores	10 (planned)
Building Scale	2 below ground, 11 above ground
Opening Date	July 2023 onward
Regular closing days	Unscheduled
Proprietor	Sumitomo Corporation, Fuyo General Lease Co., Ltd.
Management consignee	Sumisho Building Management Co.

Sumitomo Corporation’s Material Issues

Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to the following material Issues.

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