Top five commercial and leisure construction projects commenced in Japan in Q3 2021
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Top five commercial and leisure construction projects that commenced in Japan in Q3 2021

By Carmen 11 Oct 2021

Here are the top five commercial and leisure construction projects that commenced in Japan in Q3 2021, according to GlobalData’s construction projects database.

1. Hamamatsucho Shibaura 1 Chome Redevelopment – $3,170m

The project involves the construction of a 550,000m2 mixed-use complex comprising of two 232.55m tall buildings each on 4ha of land in Minato-Ku, Tokyo, Japan.

Construction work started in Q3 2021 and is expected to be completed in Q4 2030.

It is located in the Hamamatsucho district, close to a station for magnetic-levitation bullet train service.

2. Shibaura 1-Chome Mixed-Use Complex – $500m

The project involves the construction of a 550,000m2 mixed-use complex on 4.7ha of land in Minato City, Tokyo, Japan.

Construction work commenced in Q3 2021 and is expected to finish in Q4 2030.

The project aims to provide better commercial, residential, and leisure facilities in the region.

3. Minamikoiwa 6-Chome District Type One Urban Redevelopment – $463m

The project involves the construction of three blocks on 0.9ha of land in Edogawa-Ku, Tokyo, Japan.

Construction work started in Q3 2021 and is forecast to complete in Q1 2026.

The project’s main aim is to enhance leisure, retail and commercial facilities in the region.

4. Prologis Park Tsukuba 3 – $450m

The project involves the construction of a five-story, 1,57,313.11m2 logistics park on 6.85ha of area in Tsukuba, Ibaraki, Japan.

Construction work commenced in Q3 2021 and is expected to be completed in Q1 2023.

The project aims to provide better logistics and storage facilities in the region and enhance the landscape of the entire Japanese logistics industry.

5. Nihonbashi Naka District Urban Redevelopment – $308m

The project involves the construction of a 380,300m2 mixed-use complex on 3ha of land in Chuo-ku, Tokyo, Japan.

Construction work started in Q3 2021 and is expected to be completed in Q4 2025.

The project aims to provide better commercial, leisure, and residential facilities in the region.

Methodology:
This analysis is drawn from GlobalData’s global construction projects database, which tracks new construction projects over $25m from announcement to completion.

Verdict’s parent company GlobalData plc provides business information to 4,000 of the world’s largest companies.

Carmen

Carmen is a robot, or rather an algorithmic journalist, who creates valuable automated content for our audiences. Carmen's focus is to deliver deep, fact-based articles and to free up our human journalists to interpret, analyse and explain developments.