Responding to the Risk of Soil Contamination

When acquiring properties, TRIM checks for the presence of environmental risks such as soil contamination through site visits and, geographical surveys. As a general rule, we only invest in properties that have been properly treated and managed in accordance with environmental laws and regulations with regard to soil contamination and related issues. Also note that Tokyo Tatemono, the parent company of TRIM and the main supplier of properties to JPR, has an extensive track record in large-scale real estate development. Accordingly, it conducts soil contamination surveys before acquiring the land for development properties, and appropriately handles soil contamination risks, including countermeasures and treatment as required.

Example of Countermeasures: Olinas Tower

This property is a landmark building in the Kinshicho area, and as its sponsor, Tokyo Tatemono implemented the integrated development of offices, retail facilities and residences on the site where a the Seikosha factory previously stood. As a result of a soil survey conducted by a third-party organization in the initial stages of development, contaminants exceeding standard values were detected, but Tokyo Tatemono responded by excavating and removing most of the affected materials and covering the soil. When the property was acquired by JPR, another survey was commissioned from a third-party organization, ultimately verifying that there were almost no concerns about the existence of problems related to soil or underground contamination.
As described above, the properties acquired by JPR are obtained after appropriately responding to soil contamination risks.

Urban Revitalization and Redevelopment

Urban Revitalization and Redevelopment

JPR does not invest in new development projects.
Tokyo Tatemono, the sponsor, harnesses natural energy and actively introduces advanced energy-saving technologies in its development projects, while also focusing on redevelopment projects with a view toward the creation of employment opportunities and the improvement of convenience.

Development Example: Hareza Ikebukuro

Tokyo Tatemono, JPR's sponsor, engaged in the redevelopment of areas around the East Exit of Ikebukuro Station in central Toshima-ku, Tokyo with The Sankei Building Co., Ltd., a co-business operator, in July 2020. In the development, efforts were made to leverage cultural assets to establish theaters based on the area's history and culture, and to implement other ideas, such as encouraging visitors to use and walk around nearby facilities, with a view toward the revitalization of the area.
The Ikebukuro area is known as a commercial area that draws many people during the day but it has been facing challenges such as a decline in the family demographics. Against this background, Tokyo Tatemono supported the efforts to develop a community friendly to women and children by, for example, eliminating the waiting lists for admitting children to daycare centers and improving parks, and decided to facilitate the development of the area.
Going forward, the Hareza Ikebukuro is expected to become a new cultural center transmitting diverse cultures to the world with theaters to enable people to enjoy things they don't experience in their everyday lives, bringing new prosperity to Ikebukuro.

*Source: Feature: Solving social issues through urban development — Hareza Ikebukuro - Sustainability - Tokyo Tatemono

Development Example: Tokyo Square Garden

The Tokyo Square Garden properties owned by JPR is a large-scale office building that was completed in 2013 and is located in Kyobashi, a transportation hub adjacent to Tokyo Station and Nihonbashi and Ginza areas. The Kyobashi district features many smaller districts and buildings, and there had been slow progress in its functions. By reorganizing one of its blocks to create a large urban area, one of the largest building complexes in the surrounding area was successfully developed.
To promote environmental measures throughout the community, the Kyobashi Environmental Station “Area” was established on the sixth floor of the building. Through the operation of facilities including the Area Energy Management Center that fields consultations from local building owners about measures to reduce CO2 emissions and conserve energy and then has experts develop optimal proposals, and the Chuo City Environmental Information Center that provides opportunities to learn about various environmental issues in an accessible format and facilities to engage in environmental activities, we are working together with the local community on eco-friendly urban development.
In addition, "Kyobashi no Oka", an approximately 3,000 m² green space which is multi-layered from the first basement floor to the fifth floor of the building, is planted with beautiful seasonal colors and is a valuable place for relaxation and enjoyment for visitors. We are also working on holding events to promote interaction with tenants and neighboring communities. Among them, participation in Sanno Matsuri, one of the three major festivals of Edo held every two years at Hie Shrine, helps foster a sense of unity between tenants and local residents.

Commitments related to greenfield developments

JPR and TRIM believe that it is important to provide offices in which people can work comfortably through investments in real estate and that it is important to contribute to the creation of highly sustainable cities.
JPR and TRIM assess the risks that the urban development of undeveloped land could negatively impact environmental conditions or ecosystems, and refrain from investing in properties that could negatively impact the environment and ecosystems.