News Releases 2017
March 21, 2017
Grand Opening of Cross Garden Chofu Scheduled for April 28, 2017
TOKYO, Japan - March 21, 2017 - ORIX Corporation ("ORIX") announced today that the grand opening of Cross Garden Chofu is scheduled for April 28, 2017.
Cross Garden Chofu is a commercial facility constructed on the site of the former Chofu Sports Center, which closed in June, 2014. Located along the Koshu Kaido (National Route 20), it will offer convenient access by both car and train, just a four-minute walk from Shibasaki Station on the Keio Line, and an eight-minute walk from Tsutsujigaoka Station, also on the Keio Line.
The front of the building facing the Koshu Kaido will feature an open plaza, with plantings-primarily a variety of trees-designed to harmonize with the existing trees along the Koshu Kaido, creating a comfortable environment for visitors.
A total of 25 stores centered on everyday needs are expected to open at Cross Garden Chofu, including a supermarket, a digital and home appliance store, and a drug store, as well as sundries and casual clothing stores and restaurants, creating a bustling facility that is convenient, fun and rooted in the local community.
ORIX will continue to offer its vision for new lifestyles that lead to richer everyday lives, as it actively invests in and develops retail facilities that are appreciated by their communities and which contribute to their reinvigoration.
■ The Cross Garden Brand
Cross Garden is the brand name under which ORIX Group develops its retail facilities, and represents a place where people and goods constantly intersect and resonate. At the same time, it embodies the hope that these facilities will become a familiar presence in the community, places where local residents know they can go to refresh and enjoy themselves.
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation-driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX's highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 37 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: http://www.orix.co.jp/grp/en/
Caution Concerning Forward Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2015 - March 31, 2016."
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