With a project value of $500 million, the JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project was the largest Parking Facilities construction project in Japan on which construction started in Q4 2022. The JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is located in Japan and initially announced in Q1 2019 with an estimated completion in Q1 2026. The Seibu Hldg – Tokorozawa Station West Exit Development – Saitama project was the second-largest project with a project value of $197 million, on which construction work started in Q4 2022. The Seibu Hldg – Tokorozawa Station West Exit Development – Saitama project is located in Japan and initially announced in Q2 2022 with an estimated completion in Q4 2024.
The SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka project was the third-largest project, the ESR Cayman – ESR Nagoya Minami Distribution Center 2 – Aichi was the fourth-largest project, and the Fukushima City – Citizen Center Administrative Building – Fukushima was the fifth-largest project with a project value of $150 million, $77 million and $47 million respectively. The SOAI Gakuen/ Taisei – Honmachi 4-chome Mixed-use Development – Osaka project located in Japan was announced in Q2 2022 with an estimated completion in Q1 2026, the ESR Cayman – ESR Nagoya Minami Distribution Center 2 – Aichi project located in Japan was announced in Q1 2022 with an estimated completion in Q4 2023 and the Fukushima City – Citizen Center Administrative Building – Fukushima project located in Japan was announced in Q2 2021 with an estimated completion in Q4 2024.
Among the five largest projects, the JR-West RE / Nomura RE/ Urban Redev Assoc Okayama – Okayama City Ekimaecho 1-2-3-4 District Type 1 Urban Redevelopment – Okayama project is the longest in terms of completion date, with construction expected to be completed in Q1 2026. On the other hand, the ESR Cayman – ESR Nagoya Minami Distribution Center 2 – Aichi project is the shortest in terms of completion date, with construction expected to be completed in Q4 2023.
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