Heiwa Real Estate sets out to revive once thriving Nihonbashi Kabuto-cho district in Tokyo
Firm plans to attract asset management firms and financial institutions from Hong Kong, Singapore and across Asia as potential lessees
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On par with major financial districts such as Wall Street in New York and London City, the Nihonbashi Kabuto-cho district in Tokyo has been the centre of the securities market in Japan since it housed the Tokyo Stock Exchange (TSE)
Buy and sell activities among stock companies that were established during the Meiji era to encourage the growth of industries quickly transformed the town into a bustling financial business centre. The radical shift to the electronic share certificate system and online trading platforms, however, took a toll on Kabuto-cho as this obscured the sparkle of the once booming city, but Heiwa Real Estate is bound to change this image.
“Since we are headquartered in Kabuto-cho and we own the TSE building, we are reactivating this area as a modern financial centre,” says Heiwa president Hiroyuki Iwakuma. “Taking cues from the history, location and social background of Kabuto-cho, we will redevelop the area by blending financial trade and investment activities with the traditional finance industry amenities of the surrounding districts.”
In the pipeline are building redevelopment projects that will change the district’s landscape and bring back the area’s avant-garde business vibe.
Heiwa will also provide amenities and create communal spaces that aim to cultivate collaboration among asset managers and the broader investment community. Having accumulated decades-long experience since its foundation in 1947, Heiwa plans to attract asset management firms and financial institutions from Hong Kong, Singapore and across Asia as potential lessees. It also plans to attract a number of independent asset management firms by seeking potential tenants that are middle- and back-office platform providers.
“We own and manage a lot of blue-chip properties including the TSE building, but we would like to continually evolve as we change Heiwa Real Estate into a new-generation company,” Iwakuma says. “Asian investors can visit and see how we develop projects that will last for decades.”
Heiwa Real Estate