CROSS MALL Toyotajinnaka Grand Opening Scheduled for October 11, 2019
Oct 01, 2019
TOKYO, Japan – October 1, 2019 – ORIX Corporation (“ORIX”) announced that it had completed the construction of CROSS MALL Toyotajinnaka, a commercial facility developed in Toyota-shi, Aichi Prefecture, with the grand opening scheduled for October 11, 2019.
This property comprises land on the previous site of Yamanaka Toyota Frante, a commercial facility of YAMANAKA CO., LTD. (“YAMANAKA”), which operates grocery supermarkets mainly in Aichi prefecture. Located in the center of the city in a commercial cluster area along National Route 153, it is easily accessible by car. In addition to YAMANAKA, it has a total of ten tenants, which respond to the lifestyles of customers of a wide range of ages. Tenants range from clothing and daily necessity stores such as UNIQLO, Matsumotokiyoshi and Nishimatsuya, to a fitness studio.
ORIX concluded a fixed-term land lease contract for business purposes with the land owner, and is engaging in leasing buildings that ORIX has planned, developed and constructed to tenants as an initiative for building lease contracts on fixed-term leased land. ORIX is involved in the initiatives throughout Japan. Since its first such project in 1994, it has developed over 600 such sites nationwide.
By drawing on the expertise ORIX has cultivated and the ORIX group’s business network, ORIX will continue to offer facilities that are loved by and grow together with local communities.
*Business opening days will vary depending on the tenant.
|Name||CROSS MALL Toyotajinnaka|
|Address||1-26-8, Jinnaka-cho, Toyota-shi, Aichi Prefecture|
|Access||Approx. 13 min. walk from Umetsubo, on the MEITETSU Mikawa Line|
|Design and Construction||ONOCOM Co., Ltd.|
|Site area||13,188.59 m2|
|Total floor space||10,368.12 m2|
|Scale and Structure||Three-story steel frame construction
(stores: 2 stories, rooftop parking lot)
|Number of stores||10|
|Number of car parking spaces||355|
|Number of bicycle parking spaces||80|
|Completed||September 30, 2019|
|Opening||October 11, 2019|
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses.
Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 37 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of March 31, 2019)
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 that 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 “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2018 – March 31, 2019.”
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