News Release
Mitsubishi Estate May 29, 2002


Plans to Reconstruct Tokyo Building Introduced
- First project in Japan to take advantage of regulations allowing air rights to be transferred from
other sites in the district to increase floor space -


1. Development Plan Features
 

1)

Business Plan: To take the advantage of regulations allowing air rights to be transferred from other sites in the district to increase floor space.

 

By taking advantage of regulations allowing air rights to be transferred from other sites in the district to increase floor space, a portion of the unused air rights in the Marunouchi section of Tokyo Station can be transferred to the site. This plan is to be implemented as a joint business venture between East Japan Railway Company (JR East). Mitsubishi Estate will be entrusted with the operation and management of JR East’s share of the business.

2)

Offering Advanced, High-quality Business Functions

 

Each floor will have approximately 3,800 square-meters of floor space and a ceiling height of 2.8 meters. The architectural design is such that interior flooring supports will not be used so as to provide wide-open space that is effective for enabling freedom in office configuration. Some floors are designed for use as dealing floors so as to provide functional, comfortable office space ideal as a base for business for companies developing global operations.

3)

Environmental Preservation

 

The utmost effort will be placed on reducing negative environmental impact and promoting coexistence with nature by promoting the efficient use of energy, reutilization of resources, reduction of wastes in term of both weight and volume, and the effective greening of open public areas.

2. Plan Outline
 
- Joint Members: Mitsubishi Estate Co., Ltd., East Japan Railway Company, The Bank of Tokyo Mitsubishi, Ltd.
- Location: 7-3, 2-chome, Marunouchi, Chiyoda Ward, Tokyo, Japan
- Land: Approx. 19,000 square-meters, including the area of Bank of Tokyo Mitsubishi, Headquarters (Tokyo Building: 8,100 square-meters)
- Total Floor Space: Approx. 150,000 square-meters
- Building Height: Approx. 154 meters
- Overall Height: Approx. 164 meters
- Number of Floors: 4 underground, 34 above ground including rooftop structure
- Construction: Steel-reinforced concrete underground; Steel above ground
- Main Use: Offices, stores, parking lot (approx. 300 cars)
- Total Project Cost: Approx. 45 billion yen
3. Construction Schedule
 
- Demolition of building to start in summer of 2003
- Completion of new building construction in the fiscal year ending March 31, 2007