Okumura Corporation (Location: Abeno-ku, Osaka; President and Representative Director: Takanori Okumura) and Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita; hereinafter “Mitsubishi Corporation Urban Development”) announced on September 22, 2025 that the companies have begun construction on a Neighborhood Shopping Center (NSC)* in Hirano-ku in the city of Osaka in Osaka Prefecture (hereinafter the “project site”). Completion of the work is scheduled for the winter of 2027.

*Neighborhood Shopping Center (NSC) is a term used by Mitsubishi Corporation Urban Development for a relatively small-scale shopping center with a supermarket as its core tenant, serving nearby residential areas as a commercial center.

The project will develop retail facilities and logistics facilities on a site owned by Okumura Corporation and leased by Mitsubishi Corporation Urban Development. A Neighborhood Shopping Center (NSC) will be built on the site, with a supermarket and an electronics superstore planned as core tenants. The project aims to create a facility that will enrich everyday living for the community and contribute to building a vibrant urban area.

Located along a local access street 2 minutes by foot from Hirano Station on the JR Kansai Main Line, the project is sited within a residential area encompassing middle- and low-rise housing and neighborhood factories. The Osaka Loop Line runs to the west of the project site, which also offers good access by automobile. The site is expected to attract customers from a wide area. Okumura Corporation and Mitsubishi Corporation Urban Development will develop a NSC that makes optimal use of the characteristics of the project site.

Since its establishment in 1907, Okumura Corporation has committed itself to the mission of contributing to society through business under the corporate mottos “steadfast management” and “sincere operation.” While continually accumulating technical expertise and adapting to change, the company will steadily move forward as a comprehensive infrastructure company with a mix of civil engineering, architectural construction, and investment development businesses, going beyond the boundaries of a construction company to realize comfortable, safe and secure lives for people and a sustainable society.

Taking “To nurture the future of urban spaces through our power to imagine and realize change” as its stated Purpose, Mitsubishi Corporation Urban Development, Inc. engages in real estate and urban development unbound by convention, primarily in the industrial, retail, and entertainment domains. In the industrial domain, the company works in the area of logistics warehouses as well as the development of automated and other refrigerated and cold strage , multi-tenant life sciences R&D facilities (iPark Kobe), and multi-tenant manufacturing/R&D facilities under the innoba brand. In the retail and entertainment domains, the company engages in the development of urban retailfacilities, Neighborhood Shopping Centers (NSCs), and hotels, as well as event projects at Yokohama Red Brick Warehouse and other sites. The company also undertakes large-scale urban development centered on arenas and other features.

Fully leveraging the comprehensive strengths of the Mitsubishi Corporation Group, which interfaces with a vast range of industries and customers in Japan and overseas, Mitsubishi Corporation Urban Development will continue to open up the potential of cities together with customers and partners.