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Our Business

The NTT Urban Development Group (NTT Urban Development and its affiliates) consists of 23 consolidated subsidiaries and 17 equity-method affiliates as of the end of fiscal year 2016. The main businesses of the Group are the Offices/Retail Business and the Residential Business. The Group also engages in other businesses, including the management of office buildings, which are categorized as the Other Business. NTT Urban Development is a company that engages in the real estate business nationwide in a corporate group whose parent company is Nippon Telegraph and Telephone Corporation which primarily engages in regional, long-distance, and international communications, mobile communications, and data communications.

Offices/Retail Business

Offices/Retail Business Operations

The Offices/Retail business accounted for 58.3% of consolidated operating revenue in fiscal year 2016. The business conducts rental operations of office buildings, commercial facilities, rental housing, and other properties in Tokyo, Nagoya, Osaka, Hiroshima, Fukuoka, Sapporo, and other major cities in Japan. UDX Tokutei Mokuteki Kaisha leases parts of Akihabara UDX Building, which it owns.
UD EUROPE LIMITED investments in and manages real estate in the United Kingdom. UD USA Inc. invests in and manages real estate in the United States.

Business Sector

Office buildings Leases office buildings that the Group owns in metropolitan areas including Tokyo, Nagoya, Osaka, Hiroshima, Fukuoka, and Sapporo.
Commercial facilities Leases commercial facilities that the Group owns metropolitan areas including Tokyo, Nagoya, Kyoto, Osaka, Hiroshima, and Fukuoka.

Main Leasing Building by Area

Hokkaido Area

Photograph: Forward Stroke

Urbannet Sapporo Building

Address
Chuo, Sapporo
Footprint
5,369m2
Floor space
31,255m2
Completed
October 2004

Tohoku / Shinetsu Area

Urbannet Oroshimachi Building

Address
Wakabayashi, Sendai
Footprint
10,600m2
Floor space
28,475m2
Completed
September 1995

Tokyo Metropolitan Area

Photograph:Kokyu Miwa Architectural Photography

Urbannet Otemach Building

Address
Chiyoda, Tokyo
Footprint
9,361m2
Floor space
117,618m2
Completed
June 1990

Tokai Area

Photograph:Kurumata Photography Office

Urbannet Nagoya Building

Address
Higashi, Nagoya
Footprint
5,997m2 [950m2 Leased] *1
Floor space
75,047m2
Completed
Septmmber 2005

Kansai Area

Photograph: Forward Stroke

Urbannet Shijo Karasuma Building

Address
Shimogyo, Kyoto
Footprint
2,536m2
Floor space
16,088m2
Completed
October 2010

Chugoku / Shikoku Area

Photograph:Kawasumi Architectural Photograph Office

NTT Cred Motomachi Building

Address
Naka, Hiroshima
Footprint
21,801m2
Floor space
160,418m2
Completed
March 1994

Kyushu Area

Photograph: Forward Stroke

Urbannet Tenjin Building

Address
Chuo, Fukuoka
Footprint
2,358m2 *2
Floor space
14,796m2
Completed
August 2011

  1. *1A portion of the property is on rented land. The area of property ownership is indicated. The figure within [ ] is rented land area.
  2. *2All are land rented properties, and the area of rented land is indicated.

Leasable area according to area (as of March 31, 2017)

*Consolidated leasable area (as of March 31, 2017) basis, only offices and commercial facilities

NOI according to area (FY2016)

  • *NOI= income from rental properties - cost price of rental properties + depreciation cost (including long-term prepaid expenses)
  • *Excluding effect from sale of property
  • *Excluding rental condominiums

Residential Business

Residential Property Sales Business Operations

The residential business was launched in 2000 and primarily engages in sales of residential properties along with the rental housing business and the serviced senior housing business. The business accounted for 30.6% of consolidated operating revenue in fiscal year 2016. The Company sells primarily condominiums under the brand name of Wellith. The Company also sells building lots and other residential properties in accordance with the locational conditions of the land lots that it acquires. UD AUSTRALIA PTY LIMITED invests in and manages real estate in Australia.

The main residential Properties for Sale in fiscal year 2016

Wellith Shibuya-Honcho (Shibuya, Tokyo)
IKSIKS Azabu-Juban (Minato, Tokyo)
Woodville Azabu respectively (Minato, Tokyo)

Other Business

Other Business Operations

In relation to the Leasing Business, the Group manages design of building and other, construction and supervision of construction, office building maintenance and provides air-conditioning services and operates restaurant facilities as incidental facilities of office buildings.