Odakyu Electric Railway Co., Ltd. (Headquarters: Shinjuku-ku, Tokyo; President & CEO: Koji Hoshino; “Odakyu Electric Railway” below) and Tokyo Metro Co., Ltd. (Headquarters: Taito-ku, Tokyo; President: Akiyoshi Yamamura; “Tokyo Metro” below) are currently implementing the “Shinjuku West Gate Redevelopment Plan” as the main entities behind the project. After Odakyu Electric Railway and Tokyu Land Corporation (Headquarters: Shibuya-ku, Tokyo; President & CEO: Hiroaki Hoshino; “Tokyu Land” below) executed a basic agreement regarding the plan in February 2022, they had deliberated the participation of Tokyu Land in the plan. This is to announce that with the execution of an equivalent exchange agreement to exchange “part of the site owned by Odakyu Electric Railway” and “part of the planned buildings to be acquired by Tokyu Land in the future” for equal value, it was decided on Thursday, February 8, 2024 that Tokyu Land will officially participate in the plan as a joint project operator.
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