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GENKAI Retail Management

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GENKAI Capital Management Co., Ltd. > GCM Business > Case studies (Fukuoka)

Case studies (Fukuoka)

Stabilization of large scale shopping mall in Kumamoto (UTO City Mall)

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GCM promoted the renovation project of a mall in the suburb of Kumamoto-shi into a community-based, large-scale retail mall through value-enhancing investment.

 

The role of GCM

GCM acquired the largest shopping center in southern Kumamoto Prefecture with a major retail chain, a major local home improvement store and an amusement facility as anchor tenants

Additional capital injection to renew the grocery area and locate the farmer’s market (April 2010)

Executed the renewal project of anchor tenant replacement that enables us to stabilize this mall as a local community center comprising specialized retail tenants demanded by local market (April 2011)

 

Overview of Investment Project
Usage Retail
Address Uto-shi, Kumamoto Prefecture
Size 2 floors
Land area 106,620m² (32,252 tsubo)
Total floor area 45,851m² (13,870 tsubo)
Parking spaces 2,500

 

logo_uto UTO City Mall Official Website

Renewal of flagship office building in Kitakyushu (KMM Building)

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GCM acquired and made additional investments in a landmark business center building in Kitakyushu to increase its value as a long-term stable asset. The building is connected to the JR Kokura Station via a pedestrian deck realizing enhanced convenience.

 

The role of GCM

Office functions capable of meeting the needs of multiple tenants help maintain a high occupancy rate

Parking lots will be secured in a neighboring facility in collaboration with a company that manages buildings in the area surrounding the station.

Stable returns on a long-term basis are secured through additional investment in facilities including the building’s entrance and communal areas on each floor (January 2010)

 

Overview of Investment Project
Usage Office and retail
Address Kokurakita-ku, Kitakyushu-shi, Fukuoka Prefecture
Size 9 floors (with 1 basement floor)
Land area 4,686m² (1,417 tsubo)
Total floor area 25,411m² (7,687 tsubo)

Development of office building in Fukuoka (TENJIN PRIME)

Genkai Capital Fund 1 was an equity partner in a regional developer’s office project for Tenjin, Fukuoka, assisting with asset management strategies.(In July 2012, the asset was sold to MORI TRUST Sogo Reit, Inc.)

 

GCMの役割

Providing assistance on development of a large commercial building by regional developers

Facilities acquisition of adjoining lots and creating added value for properties by improving visibility

Jointly invested with a major foreign non-listed property fund and contributed to asset management services leveraging local network.

 

Overview of Investment Project
Usage Office and retail
Address Tenjin, Chuo-ku, Fukuoka-shi
Size 12 floors (with 1 basement floor)
Land area 1,110m² (335 tsubo)
Total floor area 7,722m² (2,335 tsubo)

Development of large scale logistics center in Fukuoka (The Fukuoka South Logistics Center)

GCM served as the Kyushu partner of a U.S. investor and successfully managed this first multi-tenant large-scale logistics center development project in Kyushu.(In October 2007, the project was sold to a U.S. investor specializing in distribution facilities)

 

GCMの役割

GCM invested in this project in light of forecasts indicating that trends in the Tokyo metropolitan and other areas toward rebuilding and reorganizing of distribution centers would spread to Kyushu

Due to its close proximity to Fukuoka Airport and the Kyushu Expressway Interchange, and to residential areas, a good supply of employees is assured

 

Overview of Investment Project
Usage Warehouse and office
Address Umi-cho, Kasuya-gun, Fukuoka Prefecture
Size 5 floors
Land area 20,299m² (6,140 tsubo)
Total floor area 47,422m² (14,345 tsubo)