List Development Signs Trilateral Agreement for 'Uraga Station Area Revitalization Project', Participating in Large-Scale Mixed-Use PPP Development
List Development, as part of 'Team Perry's', has signed an agreement with Yokosuka City and Sumitomo Heavy Industries for a massive redevelopment project in Uraga. The plan features a superyacht marina and luxury residences based on a master plan by architect Kengo Kuma.
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- 📰 Published: March 30, 2026 at 18:30
- 🔍 Collected: March 30, 2026 at 22:56 (4h 26m after Published)
- 🤖 AI Analyzed: April 22, 2026 at 06:10 (535h 14m after Collected)
List Development Co., Ltd. (Representative Director and President: Hiroyuki Kiuchi, Headquarters: Yokohama City, Kanagawa Prefecture; hereinafter 'LD'), a consolidated subsidiary of the comprehensive real estate firm List Co., Ltd. (Representative Director and President: Hisashi Kitami, Headquarters: Yokohama City, Kanagawa Prefecture), announces that as a member of the corporate group 'Team Perry’s' led by Index Co., Ltd. (Representative Director and President: Koichi Uemura, Headquarters: Minato-ku, Tokyo), it signed a trilateral agreement on March 30, 2026, with Yokosuka City and Sumitomo Heavy Industries, Ltd. regarding the 'Uraga Station Area Revitalization Project' (hereinafter, the 'Project').
The purpose of this agreement is to promote the redevelopment of the Uraga station area and surrounding areas through Public-Private Partnerships (PPP), creating new value for the region and realizing sustainable urban development.
* The completed perspective drawing (rendering) shown is an image at the time of the business proposal and may differ from the actual plan. Layout, shape, scale, specifications, etc., may change depending on future discussions with stakeholders, design progress, and various licensing procedures. Additionally, the surrounding environment, landscape, planting, vessels, etc., are conceptual and may differ from reality.
### ■ Background of the Project
Uraga is known as the site of Commodore Perry's arrival in 1853, a historical area that triggered the opening of Japan.
Efforts toward regional revitalization have been ongoing, such as Sumitomo Heavy Industries donating part of its land around the Uraga Dock to Yokosuka City in 2021, and an agreement on district revitalization signed between the company and Yokosuka City in 2024. Subsequently, through a public operator solicitation by Yokosuka City, 'Team Perry’s', led by Index Co., Ltd., was selected as the preferred negotiation rights holder in 2025, and considerations for the revitalization plan have been underway.
'Team Perry’s' consists of a total of six companies: Index Co., Ltd. as the representative company, Ocean Capital Partners, Kinoshita Group Co., Ltd., Up-Front Group Co., Ltd., Maeda Corporation, and LD.
### ■ Project Overview
This project is a large-scale mixed-use development featuring diverse functions—such as residential housing, hotels, commercial facilities, marine culture and education hubs, and facilities accommodating international conferences—centered around a superyacht marina, which is rare in Japan. The master plan has been formulated by the world-renowned architect Kengo Kuma, aiming to create a new hub for marine exchange while leveraging Uraga's history and natural environment.
Furthermore, the Miura Peninsula, where Uraga is located, is an area where yacht and cruiser culture has taken root, backed by the calm waters of Sagami Bay, scenic views of Mount Fuji, and accessibility from the city center. This project aims to leverage these regional characteristics to develop into an international exchange hub.
### ■ Role of LD
LD will be responsible for a portion of the private land development work in this project, planning the development of residences with yacht and cruiser mooring rights in the luxury and villa zones of the marina area. In addition to our track record of developing luxury real estate cultivated thus far, we will contribute to creating new value and spaces for stay and exchange utilizing the characteristics of this area, while also leveraging the customer base of our group companies.
### ■ Future Schedule
Following the conclusion of this agreement, 'Team Perry’s' will take the lead in advancing various surveys and preparations throughout FY2026-2027, with detailed design and construction scheduled for FY2027-2028. We aim to begin phased operations from FY2029 onwards.
The purpose of this agreement is to promote the redevelopment of the Uraga station area and surrounding areas through Public-Private Partnerships (PPP), creating new value for the region and realizing sustainable urban development.
* The completed perspective drawing (rendering) shown is an image at the time of the business proposal and may differ from the actual plan. Layout, shape, scale, specifications, etc., may change depending on future discussions with stakeholders, design progress, and various licensing procedures. Additionally, the surrounding environment, landscape, planting, vessels, etc., are conceptual and may differ from reality.
### ■ Background of the Project
Uraga is known as the site of Commodore Perry's arrival in 1853, a historical area that triggered the opening of Japan.
Efforts toward regional revitalization have been ongoing, such as Sumitomo Heavy Industries donating part of its land around the Uraga Dock to Yokosuka City in 2021, and an agreement on district revitalization signed between the company and Yokosuka City in 2024. Subsequently, through a public operator solicitation by Yokosuka City, 'Team Perry’s', led by Index Co., Ltd., was selected as the preferred negotiation rights holder in 2025, and considerations for the revitalization plan have been underway.
'Team Perry’s' consists of a total of six companies: Index Co., Ltd. as the representative company, Ocean Capital Partners, Kinoshita Group Co., Ltd., Up-Front Group Co., Ltd., Maeda Corporation, and LD.
### ■ Project Overview
This project is a large-scale mixed-use development featuring diverse functions—such as residential housing, hotels, commercial facilities, marine culture and education hubs, and facilities accommodating international conferences—centered around a superyacht marina, which is rare in Japan. The master plan has been formulated by the world-renowned architect Kengo Kuma, aiming to create a new hub for marine exchange while leveraging Uraga's history and natural environment.
Furthermore, the Miura Peninsula, where Uraga is located, is an area where yacht and cruiser culture has taken root, backed by the calm waters of Sagami Bay, scenic views of Mount Fuji, and accessibility from the city center. This project aims to leverage these regional characteristics to develop into an international exchange hub.
### ■ Role of LD
LD will be responsible for a portion of the private land development work in this project, planning the development of residences with yacht and cruiser mooring rights in the luxury and villa zones of the marina area. In addition to our track record of developing luxury real estate cultivated thus far, we will contribute to creating new value and spaces for stay and exchange utilizing the characteristics of this area, while also leveraging the customer base of our group companies.
### ■ Future Schedule
Following the conclusion of this agreement, 'Team Perry’s' will take the lead in advancing various surveys and preparations throughout FY2026-2027, with detailed design and construction scheduled for FY2027-2028. We aim to begin phased operations from FY2029 onwards.