Notice Concerning DAIWA LIFENEXT and the Fukushima Prefecture Town of Futaba Signing a Business Location Agreement Plan to open FUTATABI FUTABA FUKUSHIMA, the region’s largest-scale conference hotel

DAIWA LIFENEXT CO., LTD. (Head Office: Minato-ku, Tokyo; President: Keitaro Takebayashi; hereinafter “the Company”) concluded a business location agreement for the Nakano District Reconstruction Industrial Hub with Futaba Town, Fukushima Prefecture, on October 31, 2023.
The new conference hotel*, to be located adjacent to The Great East Japan Earthquake and Nuclear Disaster Memorial Museum and Fukushima 3.11 Memorial Park (planned for future development), will be capable of hosting tourists, including inbound travelers, and attracting international conferences, aiming to contribute to revitalizing the regional economy.
* A hotel with conference capabilities enabling meetings, study, etc. within the facility.

■ Background to the Agreement
Fukushima Prefecture is promoting Hope Tourism, in which visitors tour and learn about the disaster-stricken areas. Futaba Town is expected to undergo even higher demand for accommodation from domestic and inbound tourists visiting the Great East Japan Earthquake and Nuclear Disaster Memorial Museum and the Fukushima 3.11 Memorial Park, which is planned for future development.
Meanwhile, accommodations facilities already located in the Hamadori area fronting the Pacific Ocean in the eastern part of Fukushima Prefecture were designed with the conception of being used mainly by solo visitors, and new facilities were required that would be able to accommodate travelers and families.

Therefore, the Company concluded an agreement with Futaba Town in Fukushima Prefecture for the establishment of a business location in the Nakano District Reconstruction Industrial Hub, and aims to contribute to the revitalization of the regional economy by opening a new conference hotel that can accommodate tourists, including inbound visitors, training tours for educational institutions, corporations and other groups, as well as attract international conferences.
The Company operates two large-scale conference hotels in Tokyo, L stay & grow MINAMISUNAMACHI and L stay & grow HARUMI and is leveraging experience gained to operate conference hotels.
 
■ Business Aims
1) Contribute to an increase in the number of people interacting with The Great East Japan Earthquake and Nuclear Disaster Memorial Museum, Fukushima 3.11 Memorial Park and other surrounding facilities
2) Lead to attracting international conferences through one of the region’s largest conference facilities (exceeding 400 m²)
3) Support visitors for academic conferences, field work and other matters related to the Fukushima Institute for Research, Education and Innovation (F-REI)
4) Contribute to revitalizing the regional economy by using Tohoku ingredients and local materials

■ A business location agreement ceremony held at L stay & grow MINAMISUNAMACHI in Koto-ku, Tokyo, on Tuesday, October 31.

(From the left: Director in Charge of Business Attraction Seiichi Hasaka of the Commerce, Industry & Labour Department, Fukushima Prefecture; Mayor Shiro Izawa of Futaba Town; President Keitaro Takebayashi of DAIWA LIFENEXT and State Minister of Economy, Trade and Industry Kazuchika Iwata)

Comment by Mayor Shiro Izawa of Futaba Town, Fukushima Prefecture
For more than 11 years all residents of the town of Futaba had been forced to evacuate following the earthquake, but at the end of August last year, the evacuation order for the specific reconstruction areas was lifted and we could finally hit the starting line toward recovery. We hope the construction of a conference hotel will provide an opportunity for many people to visit Futaba Town and that they can get a feel for how it is, remaining in the state it was after the disaster, and as it takes on the bold challenge of recovery.

Comment by President Keitaro Takebayashi of DAIWA LIFENEXT
Our Company provides services in a wide range of domains related to real estate, focusing on condominium management, and we are involved in maintaining, revitalizing and regenerating communities, including their buildings and towns. By leveraging the expertise we have cultivated in conference hotel management and creating opportunities to encounter various value systems amid a comfortable environment, we want to contribute to the recovery and development of Futaba Town together with the people of the community.

■ Conference Hotel Concept (Planned)
Hotel Name (tentative): FUTATABI FUTABA FUKUSHIMA
We want to once again take back the nature and industry of Futaba (regeneration).
We want to once again encounter the people and charms of this town (reunion).
We want guests to want to come back to this place again (revisit).
Our wishes for this hotel include many that aim to make people want to repeat their experiences with Futaba.

■ Facility Overview (Planned)

Address:                           Nakano District Reconstruction Industrial Hub, Futaba Town, Fukushima Prefecture
Total site area:                  Approx. 2.3 ha
Building floor space:          Approx. 6,000m2
No. of floors:                     5-story building
No. of guestrooms:            100 rooms
Conference facilities:          4 rooms (maximum size approx. 400 m2)
Other facilities:                  Restaurant, shops, spa, lounge, library, etc.
Opening:                           Planned for fiscal 2025
No. of local people hired:    At least 30            

DAIWA LIFENEXT CO., LTD.
DAIWA LIFENEXT services in a wide range of areas related to customers’ living and real estate, including building management services for condominiums, rental condominiums, buildings, logistics facilities, commercial facilities, and hotels; management of rental condominiums, shared houses, conference hotels, and renovated hotels for corporate clients; and corporate services such as office relocation support. We are a collection of people working under the concept of “carving out a better future starting here and now, and every individual aims to continue working together with customers and society to create a more affluent lifestyle while valuing the philosophies, values and feelings of every person.

Address:                             5-1-33 Akasaka, Minato-ku, Tokyo
Established:                        March 8, 1983
Capital:                              ¥130.10 million
Representative:                   President Keitaro Takebayashi
Business activities:              Condominium management, building and commercial facility management, hotel
                                         operation and management, construction, security, non-life and life insurance agency,
                                         etc.
Website:                            https://www.daiwalifenext.co.jp/ (Only in Japanese)

* Images in this news release are for illustrative purposes only