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Work Begins on the Oh-1 Project (Provisional Name)—Major Integrated Development Project in the Ohtemachi District

Jun. 8, 2016


Mitsui & Co., Ltd.
Mitsui Fudosan Co., Ltd.


Main Contents

Mitsui & Co., Ltd. ("Mitsui", Head Office: Tokyo, President and CEO: Tatsuo Yasunaga) and Mitsui Fudosan Co., Ltd. ("Mitsui Fudosan", Head Office: Tokyo, President and CEO: Masanobu Komoda) are currently implementing the OH-1 Project (provisional name), an integrated development project in 2, Ohtemachi 1-Chome District ("the Project"). The purpose of this message is to inform you that the construction work commenced on May 18, 2016, and that a commemoration ceremony to mark the start of work on this project was held today.

In this Project, Mitsui and Mitsui Fudosan are collaborating on a large-scale integrated redevelopment initiative centering on two office buildings. The total floor area of the buildings will be about 360,000m2, making this one of the biggest redevelopment projects ever undertaken in Tokyo. In addition to office space equipped with cutting-edge systems, there will also be a multipurpose hall capable of accommodating both business and entertainment activities, as well as a luxury hotel that will rank among Japan's finest. An unusual feature for a redevelopment project situated on prime land will be a large open space covering an area of about 6,000m2, which includes the place that was popularly known as Karugamo Plaza ("Duck Plaza"). Located next to the Imperial Palace grounds, this park will provide an enchanting expanse of greenery.

The Cabinet Office and the Prime Minister have designated this project as one of the National Strategic Special Zone projects because of its capacity to attract foreign businesses and promote business interaction through the reinforcement of MICE (meetings, incentives, conferences, and exhibitions/events) functions. Mitsui and Mitsui Fudosan will advance the project as an initiative that will contribute to Tokyo's international competitiveness.

The buildings are scheduled for completion in late February 2020. After completion, Mitsui will relocate its Headquarters into the office section of the Project.

The finished project as viewed from the Imperial Palace East Gardens

The finished project as viewed from the Imperial Palace East Gardens

Features of the OH-1 Project (Provisional Name)

Expansive park area—a focus for exchange and social interaction

On its western side, which faces the Imperial Palace, the development will encompass a green space covering approximately 6,000m2, reaching as far as the Imperial Palace gardens and the Masakado Shrine. In addition to a wooded area created using local tree species, the space will also include a water feature to create a relaxing and pleasing ambience. There will also be a plaza to accommodate a variety of outdoor events.

A large green area will be created on the Imperial Palace side of the site.

A large green area will be created on the Imperial Palace side of the site.

A multipurpose hall overlooking the plaza and park area will be constructed on the third floor of Tower A. This hall will be suitable for purposes ranging from international conferences and business events, such as product launches, to live musical performances and other entertainment events. This facility will further stimulate activity in the area by facilitating business interaction and international exchange, and by providing a new focus on cultural and artistic expression.

Artist's impression of the Multipurpose Hall

Artist's impression of the Multipurpose Hall

Artist's impression of the Multipurpose Hall

Master Design by Skidmore, Owings & Merrill LLP (SOM)

Skidmore, Owings & Merrill LLP (SOM), who designed New York's One World Trade Center and the Tokyo Midtown development in Roppongi, have been appointed as the design architect for the Project. The vision of Mitsui & Mitsui Fudosan is to create an innovative and subtly delicate exterior design consistent with the characteristics of Ohtemachi as a business center neighboring the Imperial Palace.

Bird's-eye view (along Uchibori Avenue)

Bird's-eye view (along Uchibori Avenue)

Bird's-eye view of Tower B (on Hibiya Avenue)

Bird's-eye view of Tower B (on Hibiya Avenue)

Atrium and main staircase

Atrium and main staircase

Highest Level of Safety and Security in Japan

  1. Upgrade of district cooling and heating system
    • While the facilities will continue to function as the main plant providing the district cooling and heating services needed to support business continuity in the area, they will be upgraded, and anti-flooding and earthquake-proofing measures will be reinforced. In addition, efficiency improvements will be undertaken with the aim of reducing CO2 emissions by 1,000 tons per year.
  2. High-performance seismic damping structures
    • The buildings will be fitted with the advanced HiDAX-R Oil dampers developed by Kajima Corporation. These systems are highly effective in situations ranging from wind-driven motion to an intensity 7 earthquake. They are especially effective for the prevention of shaking caused by intensity 4-5 earthquakes or long-cycle seismic motion, which occur frequently, and for the gradual reduction of shaking over a short period of time.
  3. Energy system with high level of autonomy
    • The energy infrastructure will include a cogeneration system capable of generating electricity using medium-pressure gas, as well as a duel-fuel emergency generator capable of operating on either oil or medium-pressure gas. These facilities will provide a high level of power supply autonomy during emergencies. There will also be an oil reserve with sufficient fuel to run the generator for 72 hours in the event that the supply of medium-pressure gas is interrupted.
    • These facilities will ensure business continuity, since they will continue to supply electricity and heat to private as well as public areas if external supplies of electricity and gas are interrupted.
  4. Improved accommodation capacity for people who are unable to travel home
    • If an emergency situation prevents people in the complex from traveling home, they will be able to utilize temporary accommodation facilities with space for 2,400 people (approximately 4,000m2). There will also be storage for emergency provisions (approximately 250m3, 22,000 meals and other supplies), and emergency wells.

Attached documents

Notice:
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.

Information

For inquiries on this matter, please contact

Mitsui & Co., Ltd.
Corporate Communications Division
Akihiro Tamo
Telephone: +81-3-3285-6645
Facsimile: +81-3-3285-9819
Mitsui Fudosan Co., Ltd.
Corporate Communications Division
Telephone: +81-3-3246-3155