Investment in Special Purpose Company (SPC)
General contractor Ichiken Co., Ltd. has been selected as the winning bidder for the 'Waste Heat Utilization Facility Development and Operation Project' promoted by Narita City. Accordingly, the company will establish and invest in a Special Purpose Company (SPC) to undertake this project.
📋 Article Processing Timeline
- 📰 Published: April 8, 2026 at 01:00
- 🔍 Collected: April 7, 2026 at 16:30
- 🤖 AI Analyzed: April 17, 2026 at 17:13 (240h 42m after Collected)
Ichiken Co., Ltd. (Headquarters: Minato-ku, Tokyo; President and CEO: Hiroaki Masakiyo), a general construction company, announces that the group to which it belongs has been selected as the successful bidder for the 'Waste Heat Utilization Facility Development and Operation Project' promoted by Narita City. Accordingly, the company will establish and invest in a Special Purpose Company (SPC) to undertake this project.
| Project Name | Narita City Waste Heat Utilization Facility Development and Operation Project |
| SPC Trade Name | PFI Narita Smart Wellness Co., Ltd. |
| Project Site | 161 Koizumi, Narita City, Chiba Prefecture, and other locations |
| Project Period | March 19, 2026, to March 31, 2044 (Scheduled start of operations: October 1, 2029) |
| Project Description | Design, construction, opening preparation, maintenance, management, and operation of exercise facilities (pool, training gym, studio), spa facilities mainly featuring hot springs, proposal-based facilities, and exterior works, utilizing thermal energy such as hot water generated from the Narita Tomisato Izumi Clean Center. |
■ Company Profile
Company Name: Ichiken Co., Ltd.
President and CEO: Hiroaki Masakiyo
Headquarters: Shinagawa Intercity Tower A, 2-15-1 Konan, Minato-ku, Tokyo 108-6015
Founded: June 15, 1930
Capital: 4,329,646,860 yen
Business Activities: General construction, building leasing, housing and commercial facility developer business, planning, design, construction, and supervision of complex commercial facilities, planning, design, construction, and supervision of specialty stores.
Homepage URL: https://www.ichiken.co.jp/
YouTube URL: https://www.youtube.com/channel/UCiKsVcmBJYeH2rsuwmaq__w
Recruitment Site URL: https://www.ichiken.co.jp/recruit/
FAQ
What is this project about?
It is a public-private partnership (PFI) project to build and operate wellness facilities, such as pools and spa facilities, using waste heat from Narita City's incineration plant.
When will the facility be available?
The facility is scheduled to begin operations on October 1, 2029. The project period itself runs until March 31, 2044.
What is PFI?
It stands for 'Private Finance Initiative,' a method of developing and operating public facilities using private sector funds and expertise.