Tokyo Metro will participate in the hotel management and operation business, as revealed in their mid-term management plan.
They aim to strengthen real estate development focused on creating synergies with their railway business, expanding their property acquisition areas to include not only properties directly connected to stations but also those within walking distance.
Tokyo Metro plans to independently develop real estate around Kameari Station, Urayasu Station, Ayase Station, Ginza-Itchome Station, Omotesando Station, and in collaboration around Shinjuku Station, Shibuya Station, Omotesando Station, and Ueno Station. They will invest 97 billion yen in the real estate business over three years.
By utilizing a private placement REIT, which began operations in March, they aim to expand their business model that circulates selling, acquiring, and developing real estate. They target an asset scale of 30 to 50 billion yen over three years.
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