Previously a public park located along the Yamanote line, the revitalised MIYASHITA PARK is now home to a shopping mall, a variety of restaurants and cafe´s, as well as a hotel. In its overhaul, it was reimagined as a multi-dimensional facility with something to suit everyone. The highlight is its spacious green rooftop park, complete with skate park, a bouldering wall, a sand-covered court perfect for beach volleyball, and an open lawn area. The park is a shining example of enhancing public land utilisation and successful placemaking of public space through urban renewal in a new era that resonates with the younger demographic, offering a welcoming environment for social and cultural interaction and community engagement.

 

 

Meeting point: Tokyo Midtown

 

 

Meeting point: Tokyo Midtown

 

Bus transportation will be provided between Tokyo Midtown and the Olympic Village. 

 

This is an all-weather tour and open to ULI Full Members only. Please dress appropriately for the weather and wear comfortable walking shoes.

 

Tour registration fee: US$50. Spaces on the tour are limited and subject to availability on a first-come, first-served basis.

 

Register here to sign up for the Asia Pacific Summit and select this study tour.
Already registered? Manage your Summit registration here to select this study tour or email Customer Service for assistance.

YLG Forum at the ULI Asia Pacific Summit in Tokyo empowers future industry leaders through insightful discussions and networking. Led by the regional YLG Committee, the event features a captivating panel exploring the interconnectedness of people, capital, and sectors in driving economic recovery, focusing on key trends in tourism, hospitality, investment, and community integration. Live Q&A and audience interaction further illuminate the new trends shaping real estate. 

 

 

 

The Higashi Ogishima Distribution Centre set a new benchmark in modern logistics infrastructure and now represents a beacon in urban rejuvenation. At nine storeys tall, it stands as Japan's tallest and one of its largest logistics facilities, delivering significant scale and capacity. Its human-centric and sustainable design have earned it S-rank CASBEE certification and BELS five stars rating. To meet the diverse needs of its users and enhance operational efficiency, the facility incorporates a range of amenities including three lounges, bowling alleys, 24-hour stores, a sky deck, private dining options, a park, fitness facilities, shower rooms, a free children's day-care center, and restrooms for drivers. 

 

This tour will provide ULI members unique access and insights into this unique and groundbreaking facility.

 

 

 

Azabudai Hills embodies the concept of a modern urban village, offering a vast open space in the heart of Tokyo filled with lush greenery that fosters community building and connectivity. It prioritises "Green & Wellness," creating an environment where residents can live in harmony with nature, promoting healthy and fulfilling lifestyles. Its sustainability efforts have led to it receiving preliminary certifications in LEED-ND, LEED-BD+C, and WELL as of March 2024, showcasing its commitment to environmental responsibility and wellness. In collaboration with renown global architects like Heatherwick Studios, Azabudai Hills has created a vibrant urban space where art and culture seamlessly blend together, making it a unique and transformative urban development in Tokyo that prioritises community well-being and environmental sustainability.

 

Join us on this stakeholder led tour by Mori Building as we delve into the inner workings of this extraordinary new development in the heart of central Tokyo.

 

This is a must-attend event for real estate professionals looking to stay ahead of the curve in the face of increasing sustainability challenges. Through thought-provoking panels and presentations, attendees will gain the knowledge and tools needed to address critical challenges, such as navigating ESG frameworks, future-proofing assets against climate risks, unlocking value through retrofits, and embracing whole-life carbon planning. Take advantage of this opportunity to future-proof your real estate portfolio and contribute to a more sustainable built environment.

 

Mavis Ma, Sustainability Manager, GLP Capital Partners Japan

 

Understand how carbon pricing mechanisms fundamentally alter the cost-benefit analysis of decarbonisation efforts, which propel the development and deployment of innovative, low-carbon solutions.

 

 

Shed light on refrigerant emissions in real estate, as these sneaky greenhouse gas contributors have a disproportionately large (and often underestimated) impact on global warming.

 

ULI APAC Capital Markets Forum is the marquee event for the ULI investors and capital markets professionals' community.

 

In this three-hour forum, we will review the forecast for key indicators, hear from leading investors on their investment prospects and challenges versus opportunities, learn about the continuous rise of credit investments, and dive into discussions on the hottest asset classes in Japan and whether the office is still necessary.

 

Welcome remarks by the Forum's co-chairs and setting the scene.

 

Jon Tanaka, Senior Managing Director and Country Head of Japan, Hines  

 

ULI APAC Economic Indicators Forecast covers six cities across APAC and projects forward key macro and real estate indicators such as inflation, interest rates, GDP and cap rates, rental growth and vacancies. The participants are research departments of leading advisory firms and private equity investors, and the presentation summarises the results of this important forecast. 

 

On this flagship panel, LPs based in Japan as well as international LPs investing across APAC will discuss the Forecast's results, as well as their outlook toward the capital markets and investment environment. What are they investing in or avoiding as an asset class? Where are the opportunities in APAC and how do returns compare on a global basis? And how are those investors implementing ESG requirements across their portfolios?

 

Japan enjoyed even more interest than usual last year, given a combination of factors - comparatively low interest rate environment, weakened currency, and the safest geography for real estate returns. What is next for Japan's real estate markets, beyond the traditional asset classes? What are the most attractive opportunities that investors are seeing at the moment, and how do they capture those opportunities?

 

 

Whilst the sharp rise in interest rates since 2022 has been negative for real estate equity strategies, it is favourable for real estate debt strategies. Higher base rates and wider credit spreads combined with more caution amongst commercial banks, have contributed to an attractive environment for private credit strategies. Today private real estate credit is playing an increasingly important role in institutional portfolios, due to its income profile and loss protection characteristics. However, will credit funds continue to enjoy their popularity in the near future? And what are the preferred debt strategies and which markets in APAC are currently offering better opportunities?

 

Paul Brindley, Head of Debt Advisory, Asia Pacific, JLL 

 

The industry has witnessed an incredible paradigm shift in the way office real estate is being utilised, or rather under-utilised as is the case in major cities in US and Europe. What is the way forward for office properties, and how are those changes affecting the asset class in APAC? We will discuss the topic via a lively debate.

 

Key takeaways and Forum adjourns 

 

 

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The Women's Leadership Initiative (WLI) has designed an evening of meaningful insights and peer-to-peer networking as part of the 2024 ULI APAC Summit in Tokyo. Hosted by the regional WLI Committee and showcasing the expertise and reach of the many local, active WLI councils, the evening gathering brings together industry players from various markets to further advance the role and influence of women in the urban development and real estate industry. An engaging panel discussion will delve into key trends in fast-developing sectors such as luxury and hybrid living, design and regional investment. It will also share experiences from market leaders on how to foster and elevate the next generation of women leaders with key segments of the industry. Combined with live Q&A and audience interaction, this WLI session will help map new opportunities, increase visibility and drive growth for the community of women leaders. 

 

Venue Host:

 

When did everything become so boring and homogenous? Who is really thinking about how to make buildings, places, and objects mean something to us - to lift our spirits and connect us? How can we make our cities more human?

In this opening address Thomas Heatherwick, Founder of Heatherwick Studio, will outline his thoughts on how designers and city makers can create more human places, and explain how a fundamental understanding of emotion is the crucial ingredient that is missing in so much of design today.

 

 

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Despite the challenges posed by the COVID-19 pandemic, Japan has remained committed to its economic recovery and investment in innovation. The country's strong financial system and well-developed healthcare infrastructure have helped to mitigate the impact of the pandemic, while its focus on sustainability has positioned it well for the future. From innovative urban planning to sustainable development practices, Japan's real estate sector serves as a model for the world.

 

What are the lessons and strategies that can be gleaned from Japan's success to thrive in the dynamic and interconnected world of real estate?

The future of real estate is moving beyond mere bricks and mortar, prioritising the creation of vibrant communities with a strong social impact. This shift demands a move away from building "glass towers" and towards prioritising the social aspects of ESG, not just for public image, but as a strategic necessity. Imagine unlocking talent in underserved areas, building brand loyalty through social purpose, and attracting investors to projects that foster shared prosperity. Achieving this requires acknowledging demographic shifts, like an aging population needing specialised healthcare and flexible housing, and a growing middle class demanding adaptable spaces for diverse families. Additionally, attracting top talent necessitates innovative workspaces that prioritise well-being and productivity.

This panel discussion will explore these trends, focusing on equitable development and creating urban centres that not only meet current and future needs, but also contribute to community well-being, economic vitality, and a positive human experience for all.

 

 

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Join fellow Full Members for a limited-capacity Meet & Greet session featuring renowned architect Thomas Heatherwick. Enjoy a sumptuous meal while networking and gaining insights from this design visionary. All attendees will receive a complimentary copy of Mr. Heatherwick's book.

 

This lunch is a ULI Full Member exclusive. Space is limited and available on a first-come, first-served basis.

 

Widely recognised as one of the real estate industry's most prestigious competitions, this year’s winners represent the highest standards of development practice in the region’s private, public, and non-profit sectors.

Meet the outstanding winners of the 2024 ULI Asia Pacific Awards for Excellence and celebrate their exemplary work which will inspire our industry.

The rise of remote work is reshaping Asia's real estate landscape. This session explores how changing work practices are leading to exciting investment and development opportunities in smaller cities across the region. From India to Australia, we will dive into the unique stories of various markets, examining the impact of transportation, cultural preferences, and demographics on space needs.

 

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Amid the dynamic 2024 real estate capital markets, a significant shift is underway, driven by the intricate interplay of rising interest rates and geopolitical complexities. This panel takes a deep dive into the complexities of transitioning from equity to debt, shedding light on distinctive challenges present in various global real estate sectors.

As the discussion unfolds, the panel not only addresses the intricacies of this global landscape but also unveils innovative investment models and resilient strategies to set the stage for a new era of possibilities within the international real estate capital markets.

Forget forgotten corners. Imagine them pulsating with life thanks to XR technology. Interactive museums, captivating avatars, and boundless cultural experiences paint the future of real estate. Join Masahiro Yamaguchi's closing keynote as he explores how XR can revitalise urban spaces, fostering vibrant hubs and reshaping the industry. It's not just about filling spaces; it's about reimagining cities and forging a future where technology and human connection create dynamic, engaging experiences.

Participants will enjoy an early morning tour behind the scenes of Tokyo DisneySea before the day's opening, ending with a presentation on what Walt Disney Imagineering does and how Disney engages with Oriental Land Co (OLC), its Japanese partner.

 

Meeting point: Tokyo Midtown

 

 

This is an all-weather tour. Please dress appropriately for the weather and wear comfortable walking shoes. 

 

Tour registration fee: US$50. Spaces on the tour are limited and subject to availability on a first-come, first-served basis.

 

Register here to sign up for the Asia Pacific Summit and select this study tour.
Already registered? Manage your Summit registration here to select this study tour or email Customer Service for assistance.

 

 

This walking tour through Shibuya delves into the district's ongoing transformation, offering a firsthand perspective on its evolution. The tour kicks off with a presentation on the redevelopment of Shibuya and properties along the railway line. We will move on to Shibuya Hikarie, where you will gain insights into the district's ongoing transformation. Witness cutting-edge innovation at QWS in Shibuya Scramble Square, followed by a breathtaking ascent to the Shibuya Sky observation deck for panoramic cityscapes. Immerse yourself in the local artistic spirit at the newly opened Hotel Indigo. Finally, the tour concludes at the reimagined Shibuya PARCO, a legendary landmark reborn in 2019. This multi-experience destination offers a unique blend of retail, food, and entertainment, culminating in a spiraling outdoor journey with rooftop views of Mount Fuji. The comprehensive tour unveils Shibuya's past, present, and future, showcasing its dynamic mix of modern development, vibrant arts scene, and iconic landmarks.

 

 

 

 

In August 2021, Nomura Real Estate (Nomura) entered into partnership with Okutama township to work towards preserving the biodiversity and rich natural environment of Tokyo's forests. Under this agreement, Nomura would actively acquire the forest to contribute toward solving social issues and promote sustainability. Now Nomura manages these forests, currently consisting of 74% cedar and cypress trees (with an average age of 63 years) and 26% broad-leaved trees, by applying forest management methods that contribute to biodiversity with an emphasis on environmental conservation. The forest is now certified as a 'Site for Symbiosis with Nature' by the Ministry of the Environment and approved by the Tokyo Metropolitan Government for the Promotion of Wood Use Buildings, with policies evaluated by government investors.

 

With this tour, we will learn how Nomura is working to responsibly manage the forest area and sustainably introduce timber into the life cycle of Nomura's developments.

 

Broad tour itinerary:

 

Meeting point: Shinjuku Station

 

The group will depart by train for JR Ome station from Shinjuku station.

 

This is an all-weather tour. Please dress appropriately for the weather and wear comfortable walking shoes.

 

Spaces on the tour are limited and subject to availability on a first-come, first-served basis. 

 

Register here to sign up for the Asia Pacific Summit and select this study tour.

Meeting point: Tokyo Midtown

 

Bus transportation will be provided between Tokyo Midtown and LaLa arena TOKYO-BAY.

 

This is an all-weather tour. Please dress appropriately for the weather and wear comfortable walking shoes.

 

Tour registration fee: US$50. Spaces on the tour are limited and subject to availability on a first-come, first-served basis.

 

Register here to sign up for the Asia Pacific Summit and select this study tour.

Already registered? Manage your Summit registration here to select this study tour or email Customer Service for assistance.