Our Business
The NTT Urban Development Group (NTT Urban Development and its affiliates) consists of 11 consolidated subsidiaries and six equity–method affiliates as of the end of fiscal year 2010. The main businesses of the Group are the Leasing Business and the Residential Property Sales Business. The Group also engages in other businesses, including the management of office buildings, which are categorized as the Other Business. NTT Urban Development is a company that engages in the real estate business nationwide in a corporate group whose parent company is Nippon Telegraph and Telephone Corporation which primarily engages in regional, long–distance, and international communications, mobile communications, and data communications.
Leasing Business
Leasing Business Operations
The leasing business contributed approximately 61.4% of the Group's total consolidated net sales in fiscal year 2010. The business conducts rental operations of office buildings, commercial facilities, residential housing, and other properties in Tokyo, Nagoya, Osaka, Hiroshima, Fukuoka, Sapporo, and other major cities in Japan.
UDX Tokutei Mokuteki Kaisha leases parts of Akihabara UDX Building, which it has developed and owns.
UD EUROPE LIMITED investments in and manages real estate in the United Kingdom.
Business Sector
| Office buildings | Leasing of office buildings that the Group owns in large urban areas, including Tokyo, Nagoya, Osaka, Hiroshima, Fukuoka, and Sapporo |
|---|---|
| Commercial facilities | Leasing of commercial facilities that the Group owns in large metropolitan areas, including Tokyo, Nagoya, Osaka, Hiroshima, and Fukuoka |
| Residential housing | Leasing of residential housing, including rental condominiums and company housing, that the Group owns in large city areas, including Tokyo, Nagoya, Osaka, Fukuoka, and Sapporo |
The main ownership building (As of March 31, 2011)
Rentable Space (As of March 31, 2011)
※Figures are based on rentable space of office & commercial (Not include residential and others).
NOI (The Fiscal Year Ended March 31 2011)
※NOI=Income for the leasing business-cost of sales for the leasing business + depreciation and amortization expenses (including long-term prepaid expense)
Residential Property Sales Business
Residential Property Sales Business Operations
The residential property sales business was launched in 2000 and centers on condominium development and sales. The business is considered a driver of the NTT Urban Development Group's growth and generated approximately 27.7% of total consolidated net sales in fiscal year 2010. Led by the mainstay Wellith brand of condominiums, the business conducts various location-driven operations, including subdivided sales of building lots and others.
The main residential Properties for Sale
Wellith Ookayama
Wellith i–S Magome
Wellith Court Honfujisawa
Others Business
Others Business Operations
The others business segment of the NTT Urban Development Group comprises various support operations, such as office building management, district heating and cooling services, services of office remodeling at the request of tenants and management of food and beverage facilities.
