Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita) and HASEKO Corporation (Location: Minato-ku, Tokyo; President and Representative Director: Satoshi Kumano; hereinafter "HASEKO") announce that construction of MCUD HASEKO Retail Kamakura Kajiwara (hereinafter the "facility") was completed on July 31, 2026. The facility is a Neighborhood Shopping Center (NSC)*¹ developed by the companies in the Kajiwara area of Kamakura in Kanagawa Prefecture.

*¹ 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 facility is an NSC with two above-ground stories, housing a supermarket and a home center as its core tenants. In addition to a store composition amenable to everyday use, the facility offers plentiful parking space on its 1st, 2nd, and rooftop floors. The project site has also been planted with yamazakura (Japanese mountain cherry), the city tree of Kamakura. By creating a comfortable space surrounded by rich greenery native to Kamakura, the partners aimed to develop a lifestyle-oriented NSC that customers can enjoy.

The facility will house stores that contribute to consumer convenience in the region, including a LIFE supermarket and a CAINZ home center, creating a familiar commercial hub that enriches everyday living. CAINZ is scheduled to open on August 28 and LIFE is scheduled to open on September 1, 2026.

The facility is sited in a quiet residential zone between the ancient capital of Kamakura and the Shonan beach area, a 12 -minute walk from Shonan-Fukasawa Station on the Shonan Monorail Enoshima Line. In October 2023, plan approval was granted and work began on the Muraoka-Fukazawa District Land Rezoning Project, a project advanced by the Urban Renaissance Agency on the north side of the facility with project completion slated for fiscal 2038. As a component of the land district rezoning project, Muraoka-Shin Station (tentative name) is scheduled to open in 2032 as the first new station on the JR Tokaido Line in 107 years.*²
The facility is located within about 1 km of the planned site of the new train station. Urban development connected to the station's opening is expected to create further retail and community activity.

*² Source: Fukazawa Area Town Planning Website / Kamakura Fukazawa Urban Development

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 dry logistics warehouses as well as the development of automated and other refrigerated andcold 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.

*3 Property jointly developed by Mitsubishi Corporation Urban Development and HASEKO Corporation

With “To contribute to society by creating an optimal environment for cities and people” as its corporate philosophy, the HASEKO Group engages in a variety of businesses centered on condominiums. Since 1969, it has constructed over 730,000 new for-sale condominium units. Under the HASEKO Evolution Plan, the Group’s Medium-term Business Plan launched in April 2025, HASEKO will realize sustainable growth and enhanced corporate value as a leader in “housing” and “living” by evolving its three business fields of “construction-related business,” “real estate-related business,” and “condominium management and operation-related business.”

Drawing on its track record of building over 730,000 condominium units and its know-how gained through service-related businesses, the HASEKO Group is advancing its HASEKO Well-Doing Smart City plan aimed at building cities that circulate prosperity under the concepts of autonomous circulation of energy and resources, active circulation of people and activities, and fluid circulation of land and space.