The Form of Real Estate That Isn't Just 'Sold and Done' ~Initiatives to Support Local Communities Centered on Brokerage in the Hibarigaoka Area~ (News Release)

Cosmos Initia Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Ryotaro Takaichi), a member of the Daiwa House Group, is promoting initiatives to support local communities centered on real estate brokerage in the Hibarigaoka Housing Complex area of Nishi-Tokyo City, Tokyo. In line with our medium- to long-term goal of realizing our mission, "Next GOOD: To our customers. To society. With forward-thinking ideas, deliver forward-thinking value," and achieving sustainable corporate growth, we have established key sustainability issues (materiality), one of which is "Creating an urban environment where young people and children who will lead the next generation can grow up healthily." Based on this concept, in the "Next Generation Challenge" launched in FY2023, we are investing approximately 2% of our net profit for the period as an investment budget to implement various initiatives that contribute to the healthy growth of the next generation.
This release provides an update on the progress of the "Real Estate Brokerage x Local Community Support in the Hibarigaoka Area" initiative, which is being advanced as part of these efforts.

Platform site "Hibarigaoka connect" that conveys community initiatives and area charm
https://www.cigr.co.jp/pj/reno/hibarigaoka-connect/

■ Background and Overview of the Initiative

This initiative has been progressively promoted since FY2023 as a project that aligns with our corporate stance of "not just selling and leaving" and "not leaving the operation and continuation of local communities solely to the community," within the framework of the "Next Generation Challenge."

In the Hibarigaoka Housing Complex area, community initiatives have continued to be led by residents, fostering area management and connections among residents even after development. However, as years have passed since the development, the increase in resident turnover has made the continuity of community leaders and activities a growing challenge.

In light of this situation, we aim to create a system where the value and relationships of the community are passed on even during the process of moving, by continuing to engage with the community through real estate brokerage.

■ Mechanism and Features Connecting Real Estate Brokerage and Local Community Support

In the area targeted by this initiative, the "Hibarigaoka Housing Complex Redevelopment Project" has been jointly advanced by real estate developers (including our company and three other companies) and the Urban Renaissance Agency (UR), working with residents on everything from town planning to area management. This was the first attempt in Japan at the time to adopt a PPP (Public-Private Partnership) method using a business partner system and is positioned as a pioneering example of area management in the redevelopment of suburban housing complexes.

We view the background of community development, the gradual transition of area management leadership to residents, and the activities that have supported the area's value as unique and important assets of this area. With this in mind, in collaboration with Machiniwa Hibarigaoka General Incorporated Association (hereinafter "Machiniwa Hibarigaoka") and our sustainability promotion collaborative partner HITOTOWA Inc. (hereinafter "HITOTOWA"), we are conveying community initiatives and the charm of the area