Yuta Inoue - Session 1: Commercial Development and Airport Real-Estate
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Transcript of Yuta Inoue - Session 1: Commercial Development and Airport Real-Estate
MITSUI OUTLETPARK KLIAMFMA Development SDN BHD.
Mitsui Fudosan Co.,Ltd.
MFMA will be tasked to promote this project and the investment will be 70% owned by Mitsui and another 30% by Malaysia Airports. MFMA will lease the land owned by Malaysia Airports, is responsible to construct the buildings, and lease it out to tenants.
The Phase 1 of the project will include a shop area of approximately 25,000 sq. metres and would house approximately 140 shops. The construction of Phase 1 is scheduled to commence by the end of 2013 and the Outlet
Park will open in early 2015. For the Final Master Plan, which will be with the development of Phase 2 and 3 increase to 46,300 sq. metres of shop area housing approximately 260 shops.
Nihonbashi Mitsui Tower lazona kawasaki PlazaShibaura Island Tokyo MidtownLalaport Yokohama
01
Joint Venture between MAHB and MF. JV Company is MFMA. 01
MITSUI OUTLETPARK KLIA
Nihonbashi Mitsui Tower
Lalaport Tokyo-Bay Tokyo MidtownLalaport Yokohama
Park City Hamadayama(Condominium) 20 old Bailey (London)
Park Axis Aoyama 1-chomeTower(Rental Apartment)
Mitsui Garden HotelGinza-Premium
Halekulani Hotel (Honolulu) Mitsui-no-Mori Karuizawa Country Club Haimurubushi(Resort Hotel)
Nihonbashi Mitsui Tower
Lalaport Tokyo-Bay Tokyo MidtownLalaport Yokohama
Park City Hamadayama(Condominium) 20 old Bailey (London)
Park Axis Aoyama 1-chomeTower(Rental Apartment)
Mitsui Garden HotelGinza-Premium
Halekulani Hotel (Honolulu) Mitsui-no-Mori Karuizawa Country Club Haimurubushi(Resort Hotel)
Tokyo MidtownTokyo Midtown
[1] Mitsui Fudosan Co., Ltd.
Mitsui Fudosan Corporate Profile
Mitsui Fudosan operates a wide range of businesses, the core of which being housing, office buildings, hotels,
sport and leisure facilities, resort facilities and shopping malls.
Making the most of our know-how acquired through our experience in the commercial facilities industry,
last year we entered the distribution facilities industry, which shares many common aspects with the former.
With its full-fledged capabilities from planning and development to sales, management and operation and other services,
Mitsui Fudosan will provide solutions tailored to customer needs and create new values.
Mitsui Fudosan Co.,Ltd
AmenityDevelopment/Operation of
Commercial Facilities
Accommodations BusinessDivision
Retail Properties Division
Office Building Division
Mitsui Fudosan Residential Co., Ltd.
Real Estate Solution Services Division
Accommo-dation
Office
HousingSolution& Service
Rental HousingsHotels
Development and Management/Operation
of Office Buildings
Condominiums and Single-Family Houses
Real Estate Consulting
Market Capitalization
Annual Revenue from Operation
Number of Employees
1,743 billion ( As of March 31, 2011)
Consolidated: 13,381 billion ( Year Ended March 31, 2011)
Consolidated : 16,666 ( As of March 31, 2011)
02
02
As our tastes diversify, these days we are starting to want “to focus on people.”What we are about is not just selling things, but wanting to provide a place where you can spend an enriching time. We aim for a community that provides enrichment and comfort to the town, blending into peoples’ lifestyles by growing together with the residents and the town, while valuing the links to the “heart.”
“Focusing on people.” Creating places of rest where residents gather,gentle to both people and the environment.
Growing Together
REGIONAL SC
Fashion, food, entertainment, and much more can be found here,and by providing a place for the commu-nity to grow, we aim tobecome the nuclei of each region.
OUTLET PARK
These facilities allow you to enjoy reasonably priced shopping for brand-name items in the midst of bright and open streetscapes.Through events and other occasions that draw on the local culture,we create lively spaces where people assemble.
LIFE STYLE PARK
While responding to local needs, we are constantly suggesting new lifestyles, aiming to become “places to meet and relax” that are easily accessible and attrac-tive.
REDEVELOPMENT PROJECT
Commercial facilities development project that aims to contribute to regional revitalization mainly in local cities, including the construction or renovation of a terminal station in a district where economic activities have become increasingly sluggish.
URBAN FACILITY
We develop very unique and attractive tenants in line with each of our concepts, including one-of-a-kind stores and new business format shops for existing brands. We provide warmth and livelinessto your urban life.
MITSUI OUTLET PARK IRUMA
LAZONA Kawasaki plaza
Lalaport YOKOHAMA Lalaport TOKYO-BAY
Lalaport kashiwanoha
Koujun BuildingCOREDO NIHONBASHIAkasaka Biz Tower SHOPS & DINING
ARCAKITKINSHICHO
LaLaTerrace MINAMISENJULaLagarden TSUKUBA
MITSUI OUTLET PARK IRUMA
LAZONA Kawasaki plaza
Lalaport YOKOHAMA Lalaport TOKYO-BAY
Lalaport kashiwanoha
Koujun BuildingCOREDO NIHONBASHIAkasaka Biz Tower SHOPS & DINING
ARCAKITKINSHICHO
LaLaTerrace MINAMISENJULaLagarden TSUKUBA
COREDO MUROMACHICOREDO MUROMACHI
We have made successful achievements and acquired know-how with a variety of commercial facilities, ranging from extensive market area types to urban types.
[1] Mitsui Fudosan Co., Ltd.
Commercial Facilities
MITSUI OUTLET PARK JAZZ DREAM NAGASHIMAMITSUI OUTLET PARK JAZZ DREAM NAGASHIMA
MITSUI OUTLETPARK KLIA
03
03
Mitsui Outlet Park has the No. 1 market share in Japan
We aim at further achievement in Asia in the future with our record of success and experience in Japan.
Development of the outlet mall business
MITSUI OUTLETPARK KLIA
[1] Mitsui Fudosan Co., Ltd.
Mitsui Outlet Park’s Record of Success
We have the No. 1 market share and record of success in the outlet business in Japan.
No. 1No. 2No. 3
Mitsui FudosanChelsea JapanSEIBU PROPERTIES
1,641 stores1,239 stores
308 stores
Number of tenantsNo.1(As of August 2012)
No. 1 Mitsui Fudosan 262.6 billion yen
SalesNo.1(Estimate for 2012)
No.1No. 1No. 2No. 3
Mitsui FudosanChelsea JapanSEIBU PROPERTIES
12 facilities8 facilities2 facilities
Number of facilitiesNo.1 (As of August 2012)
(1) Maintaining tenant relationships with approx. 2,100 companies
(2) Significant influence on tenant leasing
(3) Development of 12 facilities throughout Japan
Mitsui Fudosan Co. Ltd. has substantial market share in the outlet business in Japan, including the No. 1 share in
terms of the number of facilities, number of tenants, and sales. Our business viability is high, offering stability and
confidence. “MOP KISARAZU” started operations in 2012, following “MOP SAPPORO KITAHIROSHIMA and
“MOP RYUO” in 2010 and “MOP KURASHIKI” and “MOP JAZZ DREAM NAGASHIMA (Phase 4)” in 2011.
●
●
●
●
●
●
●
●
●
●
●
●
MOP Osaka Tsurumi
MOP Yokohama Bayside
MOP Marine Pia Kobe
MOP Tama Minami Osawa
MOP Makuhari
MOP Jazz Dream Nagashima
MOP Iruma
MOP Sendai Port
MOP Sapporo Kita-Hiroshima
MOP Shiga Ryuo
MOP Kurashiki
MOP Kisarazu
62 tenants
87 tenants
133 tenants
114 tenants
95 tenants
240 tenants
206 tenants
120 tenants
128 tenants
165 tenants
120 tenants
171 tenants
Mitsui Fudosan Outlet MallNumber of tenant stores
04
04
Shanjing Outlet Plaza·Ningbo
MOP Marine Pia Kobe
MOP Iruma
MOP Yokohama Bayside
MOP Jazz Dream Nagashima
MOP Osaka Tsurumi
MOP Kurashiki
MOP Tama Minami Osawa
MOP Sendai Port
MOP Makuhari
MOP Sapporo Kita-Hiroshima
MOP Shiga Ryuo
MOP Kisarazu
Japan
China
Source:IMF
79,500,00062,325,00055,664,00056,694,00046,119,00029,343,00029,192,00028,352,00024,577,00023,403,000
123456789
10
※UNWTO : World Tourism Organization「UNWTO Tourism Highlights, 2012 Edition」
[FY2012]
10,578US$
[FY2017]
14,723US$
050100
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
150 50 100 150
1
2
3
4
5
6
7
8
9
10
104247081
792421251
UP39.1%
The population will grow 1.5 times the current level by 2050.Per capita GDP occupies a predominant rank in Southeast Asia.
Expanding well-to-do and upper middle classes in Malaysia
The number of tourists was approxi-mately 25 million people for the year, ranked 9th in the world.
Outlet-targeted working age population is very high.
Ranked 4th in ranking of the world’s premier shopping cities
It is predicted that the current population of 28 million will grow to 43 million in 2050. Per capita nominal GDP is overwhelmingly high among East Asian countries and growth potential is also significant.
[Population in Malaysia]
Current populationPredicted population in 2020[compared with current]
Predicted population in 2050[compared with current]
28.4 million
33 million (1.18 times)
43 million (1.54 times)
[Per capita nominal GDP]
[Per capita nominal GDP trends (US$)]
Source:IMF
Currently, approximately 60% (17 million people) of the population is considered well-to-do or upper middle class in Malaysia. It is predicted that nearly 90% (approx. 30 million) of the population will be well-to-do or upper middle class in 2020.
Bottom tierLower middleUpper middleWell-to-do tier
Source: JETRO
*Well-to-do tier: Family income 35,000 US$ or more per year/Middle class: Family income 5,000 US$ or more and less than 35,000 US$ per year/Bottom tier: Family income less than 5,000 US$ per yearAmong the middle class: Upper middle; 15,000 US$ or more and less than 35,000 US$ per year/ Lower middle: 5,000 US$ or more and less than 15,000 US$ per year
Young people constitute a very large proportion of the popula-tion (38.6% of the population is less than 20 yrs. old). The population growth rate of 1.7% is also the highest in East Asia.
■ Population of less than 20 yrs. old: 38.6%■ Population of 65 yrs. old or more: 4.9%■ Growth rate of population: 1.7%
Source: JETRO
Ranking of international tourist arrivals by country in 2011
FranceUnited StatesChinaSpainItalyTurkeyUnited KingdomGermanyMalaysiaMexico
The CNN News Group surveyed and summarized the world’s premier shopping cities. New York ranked 1st, Tokyo 2nd, and London 3rd. Although these rankings were conducted normally, Kuala Lumpur in Malaysia ranked 4th, higher than Paris in 5th place.In order to determine rankings, CNN conducted surveys and evaluations regarding four items: “Convenience of public transportation such as taxis,” “value (sales periods and reasonable prices),” “assortment of merchandise (number of brands and shops),” and shopping experience (cleanliness, service and food standards)” for a maximum of 40 points (10 points each).The Malaysian government issued a statement on the extraordi-nary “feat” and congratulated themselves as follows: “Our efforts to attract foreign tourists with longer sales periods bore fruit.”Hot and humid Kuala Lumpur features giant shopping malls. Of the 10 largest malls in the world, three are in Kuala Lumpur.As for the Japanese department store, ISETAN is in a fortress. In attracting tourists, Kuala Lumpur is popular with the well-to-do in the Middle East since Islamic food (halal) is available.
New YorkTokyoLondonKuala LumpurParisHong KongBuenos AiresViennaDubaiMadrid
*Source: Article dated December 7, 2012 in Nikkei MJ”
[FY2010]
[2020 prediction]
10 Years Later
FemaleMale
100 yrs. old or more95 - 99 yrs. old90 – 94 yrs. old85 – 89 yrs. old80 – 84 yrs. old75 – 79 yrs. old70 – 74 yrs. old65 – 69 yrs. old60 – 64 yrs. old55 – 59 yrs. old50 – 54 yrs. old45 – 49 yrs. old40 – 44 yrs. old35 – 39 yrs. old30 – 34 yrs. old25 – 29 yrs. old20 – 24 yrs. old15 – 19 yrs. old10 – 14 yrs. old
5 – 9 yrs. old0 – 4 yrs. old
[Unit: 10 thousand people]
Ranked 9th
Ranked 4th
0
2000
4000
6000
8000
10000
12000
14000
16000
1999
20002001
20022003
20042005
20062007
20082009
20102011
20122013
20142015
20162017
Malaysia
Malaysia has an overwhelmingly excellent market in Southeast Asia, with bright prospects for the future.Kuala Lumpur is one of the premier shopping cities in the world. Many people visit the City from around the world including other regions in Asia.
Bangladesh
China
India
Indonesia
Myanmar
Philippines
Thailand
Vietnam
05
[2] Malaysian Market
Appeal of Malaysian Market MITSUI OUTLETPARK KLIA05
[3] Introduction of This Property
Location MITSUI OUTLETPARK KLIA06
SITE
Middle East
China
■ Located in the center of Southeast Asia, the site will allow us to attract custom-ers from around the world including China and the Middle East. There were approximately 25 million overseas travelers annually (in 2011).
■ We can create a site where all inventory items in the ASEAN region can be combined.
■ This planned site is located approximately 60 km from central Kuala Lumpur. This site is ideally suited for outlet facilities. The nation’s largest city of Kuala Lumpur can attract and capture the market.
■ Bounded by main arteries on two sides, the site also offers excellent visibility.■ With ready access such as expressways and railways, the site offers advantages
in attracting customers over a wide area.■ With the opening of a second airport (planned for May 2014), the current
approximately 38 million customers per year are expected to increase to approximately 45 million.
Southeast Asian region
Kuala Lumpur International Airport
Area Map
RailwayHighway
Area in Kuala Lumpur City
Central Kuala Lumpur City
Highway Railway
In Kuala Lumpur, a center of Southeast Asia, we plan to develop the largest outlet mall in Southeast Asia.The planned site offers an easily accessible location where goods and people can be brought together not only from the ASEAN region but also from China and the Middle East.
06
Highway
Main Line
Railway
KL IAKLIA2
■Location near airport terminal (Planned Shuttle bus service)
■Near interchange and adjacent to each trunk line.
SITE
S ITE
Approx. 60 min. by car from central Kuala Lumpur City
[3] Introduction of This Property
Location 07MITSUI OUTLETPARK KLIA
2015(1Q)
2018
2021
P h a s e 1
P h a s e 2
P h a s e 3
Open
115,000㎡
27,500㎡
36,400㎡
178,900㎡
Site(㎡)
39,720㎡
16,530㎡
16,530㎡
72,780㎡
GFA(㎡)
21,830㎡
9,900㎡
9,900㎡
41,630㎡
Outlet/Food
3,300㎡
0㎡
0㎡
3,300㎡
Entertainment
25,130㎡
9,900㎡
9,900㎡
44,930㎡
total
140
60
60
260
tenant
NLA(㎡)
2,500
500
200
3,200
PK(cars)
PLAN
※This is the plan in the present phase and is subject to change in the future.
MITSUI OUTLETPARKKLIA
KLIA KLIA2
MITSUI OUTLETPARKKLIA
07
Bus Stop(For route bus, coach bus and shuttle bus from KLIA & KLIA 2 terminal)
C
B
A
Check-in counter & Lounge & Flight Information Board(For Passengers who use the Airport) Station of Transportation System produced by Airport company (MAHB).(Connecting to other projects in this KLIA site.)
Special measures to invite people to this mall. (Tentative)
C
A
B
Phase 3Phase 2
Phase 1
KLIA & KLIA 2Terminal
KL CBD
Before Opening Phase 2 & 3this site is used for Parking.
Phase 1
Phase 2
Phase 3
Open
2015(1Q)
2018
2021
Site (m²) GFA (m²) Outlet/Food (m²) Entertainment (m²) Total (m²) Tenant
140
60
60
260
PK (Cars)
21,830
9,900
9,900
41,630
3,300
0
0
3,300
2,500
500
200
3,200
25,130
9,900
9,900
44,930
39,720
16,530
16,530
72,780
115,000
27,500
36,400
178,900
※This is the plan in the present phase and is subject to change in the future. ※This is the plan in the present phase and is subject to change in the future. 08
[3] Introduction of This Property
Overview of Planned Site 08MITSUI OUTLETPARK KLIA
Redevelopment of vast tracts of land with a development area of 6,750 acres.Development is scheduled to take place starting with this outlet mall, followed by a golf course, a hotel, a distribution center, an entertainment park, and a second airport. A new city centered around the airport will come into being.
MITSUI OUTLETPARK KLIAOverview of Area Development of Kuala Lumpur International Airport (KLIA)[ [
ThemePark & Agro-TourismCommercial Business District
09
■
■■■■■■■
■■■■■
■ Only for KLIA LCC(Open : May 2013)
Retail/Commercial Centre-factory OutletsOffice parksExposition/Convention centreHotelsService apartmentsFood&Beverage buildingMedical centreTraining centre complex etc.
Theme ParkAgro retailFood villageFruit orchardHome stayetc.
■
■
■
■
Logistics/ WarehousingcentreHi-Tech,Hi-Value,Time Sensitive industrial plotsCommercial business premisesMRO Activitiesetc.
Green Tourism Zone &Natural Conservation Zone
■ Only for KLIA LCC(Open : May 2013)
KLIA LCCTerminal
Recreational & Institutional ZONE
SITE
Free Commercial Zone■
■
■
■
Logistics/WarehousingcentreHi-Tech,Hi-Value, Time Sensitive industrial plotsCommercial business premisesMRO Activitiesetc.
■■■■■
Golf ResortsBoutique HotelsOutdoor training CampAviation Training CenterMalaysia Airports TrainingAcademyetc.
Highway
Main line
Kuala Lumpur International Airport
[3] Introduction of This Property
※Photo is image.
09
1010
[3] Introduction of This Property
Overview of Planned Site MITSUI OUTLETPARK KLIA10
11MITSUI OUTLETPARK KLIA
[3] Introduction of This Property
Perspective Drawing (1)
※This is the plan in the present phase and is subject to change in the future. ※This is the plan in the present phase and is subject to change in the future.
1111
※This is the plan in the present phase and is subject to change in the future. ※This is the plan in the present phase and is subject to change in the future.
1212
12MITSUI OUTLETPARK KLIA
[3] Introduction of This Property
Perspective Drawing (2)
13MITSUI OUTLETPARK KLIA
[3] Introduction of This Property
Perspective Drawing (3)
1313
※This is the plan in the present phase and is subject to change in the future. ※This is the plan in the present phase and is subject to change in the future.
MITSUI OUTLETPARK KLIA14
[3] Introduction of This Property
※This is the plan in the present phase and is subject to change in the future. ※This is the plan in the present phase and is subject to change in the future.
1414
Perspective Drawing (4)