Hankyu Hanshin Properties Signs 'Business Partner Agreement' for Tobu Hikifune Station Area Redevelopment - Contributing to Local Vitalization
Hankyu Hanshin Properties has partnered with the Urban Renaissance Agency (UR) for the (Tentative Name) Tobu Hikifune Station Area Type 1 Urban Redevelopment Project, aiming for completion in FY2032 with a focus on high-quality public space.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 01:20
- 🔍 Collected: April 27, 2026 at 17:01
- 🤖 AI Analyzed: April 28, 2026 at 02:30 (9h 28m after Collected)
Hankyu Hanshin Properties Inc. announced that it signed a 'Business Partner Agreement' with the Urban Renaissance Agency (UR) on March 25, 2026, regarding the '(Tentative Name) Tobu Hikifune Station Area Type 1 Urban Redevelopment Project.' This partnership was sought jointly with UD Consultants Co., Ltd.
The project aims to realize a 'Plaza-type Redevelopment Project' centered on creating high-quality public spaces, moving away from traditional floor-space-focused development. By utilizing the expertise in town planning cultivated by Hankyu Hanshin, the project seeks to establish a new hub in the Tobu Hikifune Station area and contribute to regional revitalization.
### Roles of the Business Partner
The partner will collaborate with UR to promote the project by taking on the following roles:
1. Acquisition of designated parts as a specific project participant.
2. Implementation of basic designs for facility buildings and creation of necessary drawings for the project plan.
3. Supporting explanations, consensus building, and document preparation for rights holders and administrative stakeholders.
4. Supporting the self-sustenance of an area management organization to be established by UR in collaboration with Sumida City.
5. Participating in the public call for specific builders organized by UR around the time of the rights conversion plan approval.
### Urban Development Concept
1. Project Background: The Tobu Hikifune Station area is positioned as a 'Wide-area Hub' in the Sumida City Urban Planning Master Plan, located at a key point connecting the northern part of the district. The project aims to improve urban infrastructure, eliminate dense city areas, and accumulate diverse urban functions like commerce and housing while strengthening connections with the Keisei Hikifune area.
2. Role of Hankyu Hanshin: The company has extensive experience in large-scale mixed-use developments combining commerce and housing, especially in areas near major city centers. Leveraging its track record in residential supply under its 'Geo' brand, Hankyu Hanshin will contribute to creating a disaster-resilient and vibrant base in Hikifune.
### Project Overview
- Location: Part of Higashi-Mukojima 2-chome, Sumida-ku, Tokyo
- Area: Approx. 1.7 ha
- Method: Type 1 Urban Redevelopment Project
- Completion: Scheduled for FY2032
The project aims to realize a 'Plaza-type Redevelopment Project' centered on creating high-quality public spaces, moving away from traditional floor-space-focused development. By utilizing the expertise in town planning cultivated by Hankyu Hanshin, the project seeks to establish a new hub in the Tobu Hikifune Station area and contribute to regional revitalization.
### Roles of the Business Partner
The partner will collaborate with UR to promote the project by taking on the following roles:
1. Acquisition of designated parts as a specific project participant.
2. Implementation of basic designs for facility buildings and creation of necessary drawings for the project plan.
3. Supporting explanations, consensus building, and document preparation for rights holders and administrative stakeholders.
4. Supporting the self-sustenance of an area management organization to be established by UR in collaboration with Sumida City.
5. Participating in the public call for specific builders organized by UR around the time of the rights conversion plan approval.
### Urban Development Concept
1. Project Background: The Tobu Hikifune Station area is positioned as a 'Wide-area Hub' in the Sumida City Urban Planning Master Plan, located at a key point connecting the northern part of the district. The project aims to improve urban infrastructure, eliminate dense city areas, and accumulate diverse urban functions like commerce and housing while strengthening connections with the Keisei Hikifune area.
2. Role of Hankyu Hanshin: The company has extensive experience in large-scale mixed-use developments combining commerce and housing, especially in areas near major city centers. Leveraging its track record in residential supply under its 'Geo' brand, Hankyu Hanshin will contribute to creating a disaster-resilient and vibrant base in Hikifune.
### Project Overview
- Location: Part of Higashi-Mukojima 2-chome, Sumida-ku, Tokyo
- Area: Approx. 1.7 ha
- Method: Type 1 Urban Redevelopment Project
- Completion: Scheduled for FY2032