Urban Development

Business Profile

• Nippon Steel City Produce, which handles the urban development business for Nippon Steel, promotes a pursuit dubbed “the property value revitalization business.” This business covers the redevelopment of idle land owned by Group companies, such as the Yawata-Higashida site in Kitakyushu and the Otsu site in Himeji, as well as the transformation of low use urban districts in major cities and the sale of condominium complexes.
• The company also looks for business opportunities in the unfolding real estate securitization market and marked success in this venture with the March 2006 listing of Top REIT, Inc. on the Tokyo Stock Exchange. Top REIT is a Japanese real estate investment fund managed by Top REIT Asset Management Co., Ltd., an asset management company jointly established by Nippon Steel City Produce, Oji Real Estate Co., Ltd. and The Sumitomo Trust & Banking Co., Ltd.

(Nippon Steel City Produce, Inc.(Japanese)