May 19 2022
PRESS RELEASE
Mitsubishi Estate Co., Ltd.
Osaka Gas Urban Development Co. Ltd.
ORIX Real Estate Co. Ltd.
Kanden Realty & Development Co. Ltd.
Sekisui House Ltd.
Takenaka Corporation
Hankyu Corporation
Mitsubishi Estate Residence Co. Ltd.
Umekita Development Specific Purpose Company

Curated by global media brand Time Out –Time Out Market Osaka, first Asia location of food market featuring
culinary and cultural experiences, to open within Umekita 2 nd Project
The nine members of the Umekita 2nd Project Development Consortium (“the Consortium”*1; headedby Mitsubishi Estate Co., Ltd.) announce that Time Out Market (“the Facility”), a food market featuring
culinary and cultural experiences curated by editors of Time Out, a city guide published in major
world cities, will open within the South Area commercial zone of the Umekita 2nd Project (“theProject”).
To open the facility (to be named Time Out Market Osaka), Hankyu Hanshin Properties Corporation*2
has concluded a management agreement with Time Out Market Limited (“TOM”; Head Office: London,
United Kingdom).
Time Out Market Osaka will be the first Time Out Market in Asia.
*1: The Umekita Development Specific Purpose Company is an SPC funded by Obayashi Corporation.
*2: Hankyu Hanshin Properties Corp. is a representative of Hankyu Corporation, one of the member companies of the consortium.

Bar (illustrative)

Time Out Market LisbonMeals (illustrative)▪

About Time Out

Time Out was founded in London in 1968 as a guide to experiencing the city (food, culture,entertainment, etc.), and now has media operations in 59 countries and 333 cities. TOM is part ofthe Time Out Group.
▪

About Time Out Market

Time Out Market is a food and cultural space curated by Time Out editors that brings together ahighly selective line-up of chefs, restaurateurs and unique cultural experiences from that city together
under one roof. The first Time Out Market opened in 2014 in a historic market hall in Lisbon, quickly
turning into the most popular destination in the city. The success of Lisbon brought further expansion,
with Time Out Market opening in five major North American cities in 2019 and in Dubai in 2021. MoreTime Out Market locations are in the pipeline; in addition to Osaka, these include Porto, Abu Dhabi,Prague, London and more.
Time Out Market Osaka will showcase the best food, drink and culture the Kansai region has tooffer. The facility will span approximately 3,000 square meters and include a curated mix of 15 ofKansai’s top chefs and restaurateurs, and two bars.
The Umekita 2nd Project is characterized by an inclusive style of urban development centered on
Umekita Park (provisional name), one of the largest urban parks in the world directly connected to amajor railway terminal. With the construction of the new Umekita (Osaka) Underground Station, thedistrict will become a center of interaction for visitors from both Japan and abroad. The opening ofTime Out Market, which has a proven track record of success around the world, is expected to attract
an international customer base, providing visitors with a gourmet experience distinctive to the Kansai
region and offering those working in and around the district and local residents alike the opportunity
to interact with people from around the world through food.
Details of the facility will be announced as soon as they are finalized.
ENDS

(FOR REFERENCE) OUTLINE OF THE UMEKITA 2nd PROJECTNAMELOCATION

Umekita 2nd Project
Osaka Station Kita Ofuka West District in the area for the Land Readjustment
ProjectAREA

Ca. 91,150 m2 (including urban park)

URBAN PARK (Umekita Park (provisional name))
PARK AREA

Ca. 45,000 m2

PRIVATE RESIDENCES

SITE AREA
FLOOR
AREA

South District

North District

South District

North District

Rental building

Rental building

Subdivided building

Subdivided building

Ca. 25,260 m2

Ca. 8,400 m2

Ca. 5,170 m2

Ca. 7,320 m2

Ca. 314,250 m2

Ca. 64,200 m2

Ca. 93,000 m2

Ca. 72,600 m2

26 floors above
ground, 3basement floors

51 floors above
ground, 2 basement
floors46 floors above
groundWest Building
39 floors above
ground, 3
NUMBERT
OF FLOORSbasement floors
East Building
28 floors above
ground, 3basement floors

OVERALL
DESIGN

Nikken Sekkei Ltd., Mitsubishi Jisho Design Inc.

SUPERVISIONDESIGNSUPERVISIONCONSTRUCTION

Mitsubishi Jisho
Design Inc.;
Nikken SekkeiLtd.; Obayashi
Corporation;
Takenaka
Corporation
Mitsubishi Jisho
Design Inc.;
Nikken Sekkei Ltd.

Nikken SekkeiLtd.; Takenaka
Corporation

TBD

Takenaka
Corporation; Nikken
Housing SystemLtd.

Nikken Sekkei Ltd.

TBD

TBD

Umekita 2nd Project Joint Venture(Takenaka Corporation; Obayashi Corporation)

*The contents of this release are subject to change based on future considerations or deliberations.