Real estate giant HULIC is embarking on a redevelopment project that will see an older office building demolished to make way for a new data center in Nihonbashi.
This will be the first data center developed by HULIC. The company is forecasting the domestic data center market to grow annually by over 5% in the coming years. With growing demand for high-speed and high-volume data transmission, there is a need for data centers in the city center.
The existing 8-story Kobunacho Kinen-Kaikan Building was built in 1982. Office tenants were fully vacated by the end of March, with demolition to follow. The new building will also be 8 stories with one basement. Completion is expected in 2025.
Source: Building Management Research Institute, May 9, 2022.
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