Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita) announced that it has acquired land for the development of an innoba multi-tenant manufacturing/R&D facility at 1-chome Takaidanaka in the city of Higashiosaka, Osaka Prefecture. This marks the company’s first innoba site in the Kansai area. The company will advance the development of innoba Higashiosaka (tentative name), targeting the spring of 2028 for completion of construction.

This site is planned for the Takaida area in the city of Higashiosaka, a location that houses a concentration of industrial companies, particularly in the manufacturing industry. The location offers highly convenient access via public transportation. It can be reached from five stations on three railway lines, including Kawachi-Eiwa Station on the Kintetsu Nara Line and JR Kawachi-Eiwa Station on the JR Osaka Higashi Line, and is just 9 minutes by foot from the Takaida Yanagidori Naka bus stop (Osaka Bus). The site is accessible in about 5 minutes by automobile from the Takaida Exit of the Chuo Odori/Hanshin Expressway, which runs east-west from Higashiosaka to central Osaka north of the site. The industrial Osaka Hiraoka Prefectural Road passes the site to the south. These thoroughfares make the site favorably located for commuting and transport to and from the city of Osaka and other nearby municipalities.

(The above information is accurate as of the planning stage and is subject to change due to future deliberations, etc.)

innoba multi-tenant manufacturing/R&D facilities facilitate mutual relationships among startup firms and companies engaged in manufacturing, research, and development by housing them in a single structure. Acting under the brand promise of “Pioneering the creation of the future,” innoba is a place where people and ideas interact to generate innovation from resonance and fusion. innoba meets the diverse leasing needs of companies engaged in manufacturing, R&D, or other business types for which general office spaces present difficulties in leasing, and contributes to solving social problems such as the aging of existing manufacturing/R&D facilities.

Phase 1 of the Series, innoba OTA, opened in 2023 in Ota-ku, Tokyo, where many manufacturing firms are concentrated, and currently operates fully leased. The new innoba development is the first in the Kansai area and the third entry in the innoba Series, following the innoba Kawasaki facility planned for the city of Kawasaki in Kanagawa Prefecture. Private-sector construction, operation, and development of such facilities is unusual in Japan. Mitsubishi Corporation Urban Development intends to focus even further on such initiatives unique to the company, utilizing the Mitsubishi Corporation Group’s networks and broad area of contact with wide-ranging industries.

Feature (1) innoba’s entrance and corridor widths are designed with consideration of loading paths for tenants’ equipment. With a shared area housing a rest space, meeting rooms, and cargo sorting parking lot, and private areas offering greater floor load and electrical power capacity than general leased offices, the space meets the multi-use needs of companies engaged in manufacturing, R&D, or other business types for which general office spaces present difficulties in leasing.

Feature (2) innoba supports business expansion and corporate value enhancement tailored to the needs of tenants by supporting interaction among tenant companies and outside companies as well as networking with outside experts in numerous fields. Support tailored to companies’ individual needs is also available at any corporate stage.

Feature (3) As a facility constructed and operated by the private sector, innoba places no restriction on the length or term of occupancy and welcomes individual discussions with tenants concerning arrangements.

The brand name “innoba” is coined from “innovation” and the Japanese word “ba” (place). The design of the logo arranges a geometrically composed “ba” in a way that evokes meshed and turning gears, expressing how different elements – people, companies, technology, and more – combine to create new, lasting relationships and energy.

innoba is a business that contributes to support for regional industrial promotion measures. Mitsubishi Corporation Urban Development positions it as an opportunity for connecting to “Support for the Creation and Revitalization of Appealing Regions and Communities,” a material issue specified in our Sustainability Policy. We will continue providing support for industrial promotion measures in cooperation with local governments, with the aim of contributing to the continuous advancement of local communities.

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 storage , 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 retail facilities, 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.