📋 Tender Overview
Nankai Electric Railway Co. Ltd. Head Office Osaka City Osaka Prefecture Representative Director Teruhiko Achikita Nankai Electric Railway Sojitz Corporation Head Office Chiyoda-ku Tokyo Representative Director Masayoshi Fujimoto Sojitz and the Development Bank of Japan Inc. Head Office Chiyoda-ku Tokyo President and CEO Hajime Watanabe DBJ have as three companies established a special purpose company Namba Development SPC to begin construction on an office building development in Nambanaka 2-chome Naniwa-ku Osaka on land leased to Nankai Electric Railway by Nippi Inc.This mid-sized office building will be 14 stories above ground with a total floor area of approximately 19700 m and total leasable space of approximately 960m approx. 290 tsubo. The office building is exposed to light on three sides and realizes an open space constructed without pillars. The non-automated lower level parking garage accommodates 172 vehicles which meets the parking needs of office tenants and nearby shopping centers. The development will extend the pedestrian network from Nankai Namba Station to Namba Parks shopping complex. The pedestrian deck space will connect to the second floor of the building which will include designated space for shops. The goal of this development project is to increase foot traffic south of the Namba area bringing new energy to the neighborhood.Based on Nankai Electric Railways mid-term management planthe Kyoso 136 Planthe company is working to drive urban development in Namba and to expand the real estate business. This development will enhance urban functions in the Nankai Terminal Buildings neighboring zones as well as further expand the development area to create Greater Namba increasing the appeal of the entire area.Sojitzs company-wide policy is to contribute to the sustainable development and growth of society. Leveraging its experience developing and operating offices residences and industrial parks both in Japan and abroad Sojitz will work together with Nankai Electric Railway and DBJ on this project to support further development and revitalization of the Namba area.DBJ recognizes that this development will both contribute to the regions self-sustained growth by enhancing urban functions in Namba as well as strengthen the competitiveness of Nankai Electric Railway and Sojitz. DBJ will provide financial support to the project as part of its Special Investment Operations. Special Investment Operations DBJ provides concentrated growth capital over a limited period as part of its Special Investment Operations which uses national investment funds industry investment. The purpose of this funding is to supply growth capital to the private sector revitalize local economies and strengthen the competitiveness of Japanese companies.Nankai Electric Railways business role at each site is outlined below.A SiteNankai Electric Railway leases land from Nippi Inc. which it then subleases to an SPC under Centara Hotels Resorts Taisei Corporation and Kanden Realty Development for development of Site A.B SiteNankai Electric Railway acts as the main investor to establish an SPC. Nankai Electric Railway leases land from Nippi Inc. which it then subleases to this SPC for development of Site B.C SiteNankai Electric Railway will work alongside Taisei Corporation and Kanden Realty Development.Nankai Electric Railway will continue to take an active role in contributing to the development of Site B and all sites to increase the appeal of the Namba area bringing energy and greater value to the neighborhood.
