CBRE announced today the completion of Kyocera Corporation's project to relocate its research and development facilities, a project for which CBRE provided brokerage support in leasing the new property.
In August 2018, Kyocera contracted CBRE to provide brokerage services for the lease contract associated with the consolidation and relocation of its R&D functions which were then spread across Tokyo Prefecture and Yokohama city. The project consolidated these facilities into a single location - the Ocean Gate Minato Mirai, a 14-story landmark building completed in July 2017. Kyocera's new R&D center is now housed in parts of the 1st and 3rd floors of the building, and the entire 4th through 6th floors.
When providing Kyocera potential properties for their new R&D center, CBRE focused on properties that could accommodate office layouts and workspaces conducive to enhanced cross-divisional collaboration, thereby fostering synergies amongst Kyocera group's various research facilities. CBRE contributed to the project by recommending the candidate site in Minato Mirai, an area most-suited to Kyocera's aim of actively pursuing open innovation.
"In order to enhance our software and system development framework, it was essential to relocate to an area that would allow us to further pursue open innovation," said Yukihiro Nakamura (Deputy Manager of Kyocera's Corporate R&D Group, Frontier Research Planning Department and Project Promotion Department) who oversaw the project. "CBRE recommended a property in Minato Mirai 21, and we aimed to complete the relocation by July 2019. Thanks to CBRE's timely support, we succeeded in establishing a completely new, next-generation research center within tight time constraints."
Kenichi Fukuzawa (Associate Director, Corporate Coverage, Advisory & Transaction Services, CBRE) also commented, "Speed is becoming ever more crucial in the field of R&D, so it was essential to establish a space for open innovation as soon as possible. From a wide range of available properties, we recommended Ocean Gate Minato Mirai, a building for which we provide leasing management. This ensured confidentiality of the relocation plan, and we were also able to acquire the necessary floors and negotiate a contract in a timely manner. As a business, we strive to continue to meet clients' real estate challenges by providing optimal solutions that are aligned with their management strategies."
Project Outline
CBRE Departments in Charge:
Advisory & Transaction Services
Corporate Coverage
Contract Name of Customer:
KYOCERA Corporation
Facility Name:
Kyocera Minatomirai Research Center
Address:
OCEAN GATE MINATO MIRAI
3-7-1 Minatomirai, Nishi-ku, Yokohama, Kanagawa, Japan
Opening Date:
July 19, 2019
Personnel:
Approximately 700
Size:
Approximately 4,000 tsubo
Entrusted Business:
Brokerage services for the lease contract associated with the consolidation and relocation of its R&D functions
ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
Please visit our global website at www.cbre.com or our Japan office website at www.cbre.co.jp/en.
Official Twitter account for Japan: @cbrejapan
DISCLAIMER
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.