Fuyo General Lease Co., Ltd. (President: Yasunori Tsujita; “Fuyo Lease”) and Sojitz Commerce Development Corporation (Representative Director: Tetsuo Kondo; “SCDC”) have acquired joint trust beneficiary rights (Fuyo Lease: 80%, SCDC: 20%) for the Olinas Kinshicho shopping center in Sumida City, Tokyo.

Located near Kinshicho Station, Olinas Kinshicho (Olinas Mall/Olinas Core) opened as mall-type shopping center in April 2006. The mall’s name originates from the Japanese expression, olinas, which means to weave together. Olinas Kinshicho is built on this concept of bringing different elements together for the community, and the shopping center has become a popular destination in the neighborhood.

Olinas Kinshicho has approximately 100 tenants with anchor tenants that attract a steady stream of customers through their broad appeal, which include: Food Square Kasumi (supermarket), Super Sports Xebio (sporting goods), Yamada Denki (home appliances), Nitori (furniture/interior decor), Toho Cinemas (cinema complex), Taito F Station (entertainment), Toys “R” Us (toys), and Babies “R” Us (baby products). In addition, Olinas Kinshicho plans to partner with neighboring facilities such as Kinshi Park and Sumida City Gymnasium to create enticing spaces and experiences for visitors.

Fuyo Lease has regarded  “real estate” as a strategic area within its medium-term management plan “Frontier Expansion 2021.” Olinas Kinshicho will be the second shopping center Fuyo Lease will jointly operate with Sojitz Group, following the Nasu Garden Outlet in Nasushiobara, Tochigi.

Through participation in this real estate project, Fuyo Lease seeks to offer greater convenience and enrich people’s lives.

SCDC works to raise the value of shopping centers, extending beyond the company’s original property management function to both own and provide management for shopping centers. This is SCDC’s third time acquiring trust beneficiary rights following Pieri Moriyama (Moriyama, Saga) in November 2018 and Nasu Garden Outlet (Nasushiobara, Tochigi) in May 2019.

Sojitz and SCDC will apply their past shopping center management experience to this project and take an active role in shopping center operations in order to maximize Olinas Kinshicho’s (Olinas Mall/Olinas Core) full potential, promote further development of the shopping center, and invigorate local communities.

[Related Information]

Company Overview – Fuyo General Lease Co., Ltd.

Website	https://www.fgl.co.jp/eng/
Established	May 1st, 1969
Head Office	Kojimachi Garden Tower, 5-1-1, Kojimachi, Chiyoda-ku, Tokyo
President	Yasunori Tsujita
Main Business	・Leasing and installment sales of IT equipment, office equipment, industrial machinery/machine tools, commercial/service equipment, medical devices, transportation equipment (ships, aircrafts, automobiles, etc.), civil engineering and construction machinery, etc. ・Commercial loans and other financial services ・Leasing of real estates

　

Company Overview – Sojitz Commercial Development Corporation

Website	https://www.sojitz-sc.com
Established	September 26th, 2001
Head Office	6-2-1 Ginza, Chuo-ku, Tokyo Daiwa Ginza Building 7F
Representative Director	Tetsuo Kondo
Ownership	Sojitz Corporation – 100%
Main Business	Planning, designing, constructing, owning, and operating shopping centers; property management; consulting

　

Shopping Center Overview

Acquired Asset	Real estate beneficiary rights
Name of Property	Olinas Kinshicho (Olinas Mall/Olinas Core)　https://www.olinas.jp/english/
Location	4-1-2 Taihei, Sumida-ku, Tokyo
Start of Commercial Operations	April 2006 (construction completed in 2011)
Total Area	96,575㎡
Leasable Area	34,010㎡
Parking Spaces	853 spaces

[For questions regarding this press release, contact:]
Fuyo General Lease Co., Ltd.　　　TEL：+81-03-5275-8891（Corporate Communications Office – Ms. Kimura /Mr. Watanabe）
Sojitz Corporation   Public Relations Dept.　　　　TEL：+81-03-6871-3404
Sojitz Commercial Development Corporation　　  TEL：+81-03-4213-7332