Ensuring continued amenity and convenience.
We carry out planned reconstruction projects appropriate to the location and designed to harmonize with customer needs and the environment .
Our portfolio includes many properties with unexploited capacity in terms of their floor area ratio, which we recreate as more spacious and convenient facilities through reconstruction.
The reconstruction business is one pillar of our growth strategy.
We operate a development business drawing on our accumulated expertise.
In recent years, we have launched a new business in this sector centered on public-private partnership (PPP) projects to help achieve efficient utilization and operation of public assets; and corporate real estate (CRE) projects to help achieve effective utilization of assets held by private-sector enterprises.
These development businesses are a growth driver second only to our reconstruction business.
Special Features of Hulic's Real Estate Business
We own many medium-sized office buildings in prime locations close to stations, and have a long list of reliable tenants including names such as Mizuho Financial Group.
Most of our property portfolio is concentrated in Tokyo 23 wards.
Although the vacancy rate for office buildings within the Tokyo metropolitan area is at a high level, Hulic’s prime locations and stable business base have enabled us to maintain a rate of 1% or below.
- We are progressing with reconstruction at a speed which will see more than 40 buildings reconstructed in the 10 years from 2009 to 2018. Reconstruction of real estate properties with unexploited capacity in their floor space ratio allows us to increase rentable floor space, and achieve growth in income and dividends every year.
- In recent years, we have also actively engaged in new businesses that stay ahead of the needs of the times such as businesses related to senior care, tourism and the environment.
- We operate environment-friendly management based on a declared commitment to CO2 reduction. In specific terms, this includes fitting of solar panels, rooftop greening, and introduction of natural lighting and ventilation technologies developed in joint research with MIT. We are also moving ahead with our 100 Year Office Plan (creation of longer-lived buildings) which will lead to waste reduction.
- All Hulic’s existing buildings have undergone reinforcement to enable them to withstand an earthquake of up to intensity level 7 on the Japanese scale, while new buildings follow a basic rule of adopting the latest technology for quake-absorption, quake-damping, or quake-resistance depending on location.