What Sapporo Real Estate does

Sapporo Real Estate Development Co., Ltd. is a Japanese urban real estate developer and operator founded in 1988 and headquartered in Tokyo, focused on mixed-use property development, leasing, and community-oriented urban regeneration (machizukuri) centered on Ebisu (Tokyo) and Sapporo (Hokkaido). The company's core assets include the flagship 83,000 sqm Ebisu Garden Place complex (opened 1994 on the former Yebisu Beer brewery site, attracting 16 million+ annual visitors), the Sapporo Factory complex, and the Sreed series of six startup-focused office properties in Ebisu, supplemented by the August 2024-opened Sosei Cross office/commercial building in Sapporo and the 118-room Hotel Sosei Sapporo M Gallery operated under an Accor management contract.

Revenue is generated through a diversified mix of recurring streams: commercial real estate leasing (master leases and direct office/retail leases across the portfolio), property and facility management services for owned and third-party properties (including GINZA PLACE under PM mandate), hotel operations via the Accor partnership, and community/event services anchored at venues such as EBISU THE SPOTLIGHT. Tenant segments span enterprise corporate clients (50+ companies in Yebisu Garden Place including IT, advertising, and healthcare firms), startups and growth-stage companies in the Sreed series, hospitality guests, residents of premium residential units, and broader Ebisu/Sapporo residents and visitors engaged through a year-round calendar of community events (EBISU Bloomin' JAZZ GARDEN, PICNIC CINEMA, MACHIGOTO SUSTADIUM) and startup ecosystem programs (Ebisu Sustainable City Business Contest, EBISU OPEN INNOVATION PROGRAM). Proprietary sustainability infrastructure includes 100% renewable energy procurement via Japan's first real estate virtual PPA (with Prologis and Ricoh Lease), D3SKY-L TMD seismic damping on Ebisu Garden Place Tower, and Low-E double-glazed facades on new Sreed buildings. The company is currently transitioning ownership: in December 2025, parent Sapporo Holdings agreed to sell 100% of Sapporo Real Estate to a KKR-PAG consortium for approximately ¥370–477 billion (~$3 billion), with 51% transfer scheduled for June 2026 and full divestment by June 2029.

Name

Sapporo Real Estate

Legal name

サッポロ不動産開発株式会社

Website

https://sapporo-re.jp

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

51–100 employees

Short description

Sapporo Real Estate Development is a Japanese mixed-use property developer and operator focused on urban regeneration in Ebisu (Tokyo) and Sapporo, leasing office, retail, hotel, and residential space, and running startup ecosystem and community programs anchored at Ebisu Garden Place, Sapporo Factory, and the Sreed series.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Lessors of Nonresidential Buildings (except Miniwarehouses) (531120), Real Estate Property Managers (53131), Rental and Leasing Services (532)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate (6500), Hotels & Motels (7011), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Office Property Management (BPAJAGAA)

akta.pro secondary industry

Multifamily (Apartment) Property Management (BPAJAGAD)

Keywords

• Commercial real estate development
• Mixed-use property management
• Office leasing services
• Hotel and hospitality operations
• Urban community development

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Commercial Real Estate Development and Leasing: Core revenue from developing and leasing office, retail, hotel, and residential properties in Ebisu (Tokyo) and Sapporo. Includes master leases, setup offices (Sreed series), and conventional office/retail leasing. Properties include Yebisu Garden Place, Sapporo Factory, Sreed series office buildings, and Sosei Cross.
2. Property Management Services: Facility management and operational services for owned and third-party properties, including building maintenance, tenant services, and common area management.
3. Hotel Operations: Hotel development and management through partnership with Accor for Hotel Sosei Sappor M Gallery, generating room revenue and related hospitality services.
4. Community and Event Services: Revenue generated from community activation events, programs, and initiatives that drive foot traffic and tenant engagement at properties. Includes EBISU THE SPOTLIGHT venue operations and various community events.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Sapporo Real Estate develops, owns, and operates mixed-use commercial real estate complexes centered on Yebisu Garden Place (Tokyo) and Sapporo Factory (Hokkaido). It leases office, retail, residential, and hotel space through its Sreed series sub-brand for startups, master leases, and conventional leasing, and provides property management services for owned and third-party properties including GINZA PLACE under PM mandate.

Product overview

Sapporo Real Estate Development Co., Ltd. operates a diversified real estate portfolio centered on urban development and community building in Ebisu (Tokyo) and Sapporo. The company's core properties include the flagship mixed-use complex 恵比寿ガーデンプレイス (Ebisu Garden Place) and サッポロファクトリー (Sapporo Factory), both developed on former beer brewery sites. The company offers office products through the Sreed series sub-brand (including Sreed EBISU+L, Sreed EBISU+C, and Sosei Cross), which provide setup offices and half-setup offices targeting startups and growing companies. Supporting services include EBISU THE SPOTLIGHT (startup ecosystem hub), FASTWORK (shared workspace), and ReRePO (urban parenting community). The company also operates hotels including the Hotel Sosei Sapporo M Gallery under Accor management, manages premium residences (Ebisu Garden Terrace Niban-kan), operates community spaces (YEBISU GARDEN FARM), and maintains park management responsibilities for 恵比寿南一公園. The company follows a 'town development' philosophy focused on creating 'rich time' and 'rich space' together with local communities.

Differentiator

Problem solved

Functional benefit

Brands

• Sreed series: A series of office properties developed by Sapporo Real Estate in the Ebisu area of Tokyo, designed to support growing startup companies. Sreed combines 'SRE' (Sapporo Real Estate) with 'Seed' to symbolize nurturing growing businesses. Includes Sreed EBISU+C (5th property), Sreed EBISU+L (6th property), and other properties in the series.

Products and services

• Yebisu Garden Place (恵比寿ガーデンプレイス) Flagship mixed-use complex in Ebisu developed on former beer brewery site. Approximately 83,000 sqm site area comprising office tower, hotel, commercial facilities, cultural facilities (including Tokyo Museum of Photography and YEBISU GARDEN CINEMA), and residences. Brand concept: 'Work, Play, Inspire.' Hosts 50+ enterprise tenants and attracts 16+ million annual visitors.
• Sapporo Factory (サッポロファクトリー) Mixed commercial facility in Sapporo developed on former beer brewery site. Features retail, restaurants, and offices in historic red-brick buildings with a chimney plaza area.
• Sosei Cross (創成クロス) Eight-story office and commercial building opened August 2024 in Sosei East Area of Sapporo. Approximately 1,363 tsubo of office/commercial space. Features 'Sosei no Mori' (552 sqm outdoor event space) and 'Sosei no Ba' (102 sqm multi-purpose indoor space). Concept as gateway connecting Sosei East Area with central Sapporo.
• Sreed series Sapporo Real Estate's startup-focused office sub-brand. Series name combines 'SRE' (Sapporo Real Estate) with 'Seed' (seeds) to represent support for growing companies. Properties offer setup offices and half-setup offices designed for startups and growing companies, with creativity-stimulating design and art installations.
• Sreed EBISU+C Fifth property in Sreed series, completed December 2023. Nine-story office building in Ebisu with BELS highest 5-star rating for energy efficiency. Features Low-E double-glazed glass, optimized HVAC and lighting systems.
• Sreed EBISU+L Sixth property in Sreed series, completed March 4, 2026. Office and retail complex in Shibuya Higashi 3-chome featuring setup offices and half-setup offices for startups, ground-floor dining establishments, and art installations by multiple artists. Italian restaurant by Army Ant scheduled to open July 2026.
• Hotel Sosei Sapporo M Gallery (ホテル創成札幌 Mギャラリー) 118-room boutique hotel opened January 30, 2024 in Sosei East Area of Sapporo Factory. Operated by Accor's premium brand M Gallery Collection, featuring restaurant, fitness center, and lounge facilities. Targets leisure and business travelers in Sapporo.
• GINZA PLACE (Property Management) Property in Ginza area managed by Sapporo Real Estate under PM (Property Management) mandate.
• Ebisu Garden Terrace Niban-kan (恵比寿ガーデンテラス弐番館) Premium residential complex within Ebisu Garden Place grounds. Undergoing active renovation including single-person work-friendly units and family units exceeding 100 sqm.
• FASTWORK Workspace sharing service providing private work booths at Ebisu Garden Place for remote workers and business travelers needing focused work environments.
• EBISU THE SPOTLIGHT Startup ecosystem formation hub opened December 2025 at Ebisu Garden Place Glass Square 1F. Event space with bar counter seating for 8 and standing capacity for 40, equipped with projectors, audio systems, and whiteboards. Aims to host pitch events, networking events, and mentoring events.
• ReRePO Urban parenting community service targeting parents with young children in Ebisu area. Provides community building and event opportunities for urban families.
• YEBISU GARDEN FARM 200 sqm community farm located in Sapporo Hiroba (plaza) within Ebisu Garden Place. Operated in collaboration with Urban Farmers Club (UFC) with theme of 'agertainment.' Produces seasonal vegetables and fruits, hosts workshops, and conducts food donation programs.
• Sapporo Garden Park (サッポロガーデンパーク) Commercial facility in Sapporo developed as part of the Sapporo beer brewery legacy properties, operating alongside Sapporo Factory.
• Sreed EBISU+C (Office Leasing Product Line) Office leasing space available at Sreed EBISU+C, offering nine floors of energy-efficient office space in Ebisu with BELS 5-star rating.

Quantifiable outcome

• 30% CO2 emission reduction achieved in 2022 through Yebisu Garden Place renewable energy transition
• +5 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature3 records

Partnerships

17 partnerships are on record, tiered minor and core.

• PIAZZA Co., Ltd.minorStrategic or Co-development PartnerRegional SNS app partnership to develop digital community engagement platform for Ebisu area. Company co-developed 'Piazza' app for local resident communication and community building.
• 01Booster Co., Ltd.coreStrategic or Co-development PartnerCo-host of Ebisu Sustainable City Business Contest and EBISU BUSINESS CONTEST 2020. Partnership for startup ecosystem development and innovation programs in Ebisu area.
• READYFOR Inc.minorStrategic or Co-development PartnerCrowdfunding platform partner for EBISU CROSSOVER FACTORY innovation support program, providing fundraising advisory and campaign execution support.
• Accor S.A.coreStrategic or Co-development PartnerHotel management partnership for rebranding Hotel Kuraraisapporo to Hotel Sosei Sapporo M Gallery (118 rooms). Accor operates property under their premium boutique hotel brand M Gallery.
• PrologiscoreStrategic or Co-development PartnerFirst real estate industry virtual PPA in Japan. Sapporo RE procures renewable energy environmental value from Prologis Park Koga 4 solar installation (4MW DC) via Digital Grid's Green Purchase Agreement scheme.
• RICOH LEASE CorporationcoreStrategic or Co-development PartnerVirtual PPA partnership for long-term procurement of renewable energy environmental value from Fukuoka Hisayama solar power plant (2,804kW DC) over 20-year term.
• Digital Grid CorporationcoreTechnology or IntegrationVirtual PPA scheme provider enabling environmental value trading without physical power transmission constraints. Supports company's renewable energy procurement strategy.
• Kajima CorporationminorImplementation/ SI/ Consulting PartnerSeismic equipment installation and construction partner for D3SKY-L TMD system installation at Yebisu Garden Place Tower, reducing earthquake sway by 50%.
• Suminoe CorporationminorStrategic or Co-development PartnerCircular economy partnership for tile carpet horizontal recycling. Suminoe produces recycled tile carpet ECOS using Refince Reverse's PVC regeneration technology.
• Refince Reverse GroupminorStrategic or Co-development PartnerJoint initiative with Sapporo RE, Kajima, and Suminoe for waste tile carpet horizontal recycling, recovering ~29t annually for regeneration into new carpet products.
• Anyplace Inc.coreStrategic or Co-development PartnerRemote-work furnished apartment pilot at Yebisu Garden Place. Anyplace operates serviced apartments targeting US-based remote workers and digital nomads at Ebisu Garden Terrace Niban-kan.
• Urban Farmers Club (NPO)minorStrategic or Co-development PartnerCommunity farm partnership for YEBISU GARDEN FARM urban agriculture initiative. UFC operates 200sqm community farm at Sapporo Hiroba within Yebisu Garden Place.
• elleThermo Inc.minorStrategic or Co-development PartnerPilot partnership for unused heat-to-electricity technology demonstration using semiconductor-sensitized thermal cells (STC) at Yebisu Garden Place. Part of Tokyo Global CityTech Bridge initiative.
• Startz CAM Corporation and UDS CorporationminorStrategic or Co-development PartnerJoint venture for Ebisu Minami-ichi Park improvement and management under Park-PFI system. JV manages playground, dog cafe, and community facilities.
• Minerva UniversityminorStrategic or Co-development PartnerCivic Projects partnership supporting multicultural co-existence research. Students conduct field research in Ebisu area using Sapporo Hiroba and other company facilities.
• Green Neighbors LLCminorStrategic or Co-development PartnerMinerva University Civic Projects co-partner providing foodscaping and community design expertise. Manages green areas of Sapporo Hiroba.
• ATOMicacoreStrategic or Co-development PartnerStartup ecosystem development partnership for creating facility-transcending innovation ecosystem in Ebisu area, combining physical facilities with community building.

Scale indicators6 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Mori Building Co., Ltd. Tokyo's premier private mixed-use real estate developer (Roppongi Hills, Toranomon Hills, Azabudai Hills). Directly comparable in business model of large-scale mixed-use complexes combining office, retail, hotel, residential, and cultural facilities, with deep focus on urban placemaking and community engagement.
• Tokyu Land Corporation: Major Japanese mixed-use developer with significant Shibuya/Ebisu area exposure and strong urban development focus. Comparable in developing branded mixed-use complexes and partnering with hotel operators, with similar target geographies to Sapporo Real Estate.
• Tokyo Tatemono Co., Ltd. Tokyo-focused office real estate developer and property manager with deep CBD exposure. Comparable in office-centric property management, leasing of prime Tokyo office stock, and mixed-use redevelopment projects.
• Hulic Co., Ltd. Tokyo office-focused real estate developer with strong concentration in central Tokyo including near Ebisu. Comparable in office property leasing, mixed-use development around transit nodes, and ESG-oriented portfolio repositioning.
• NTT Urban Development Corporation: Tokyo office-focused real estate developer leveraging NTT's real estate holdings. Comparable in office-centric property development, mixed-use complexes, and prime Tokyo location exposure.
• Heiwa Real Estate Co., Ltd. Tokyo office-focused real estate company with significant Marunouchi/Yurakucho area exposure. Comparable in office property leasing and prime Tokyo CBD asset management.

Broad incumbents

• Mitsui Fudosan Co., Ltd. Japan's largest diversified real estate developer with broad portfolio across office, retail, residential, and hotel segments. Comparable business model but at vastly larger scale across multiple Japanese metros and international markets.
• Sumitomo Realty & Development Co., Ltd. Large diversified Japanese real estate developer covering office leasing, residential development, and real estate services. Comparable business lines but operates nationally across multiple segments.
• Daiwa House Industry Co., Ltd. Japan's largest homebuilder with broad commercial real estate and logistics development operations. Comparable in commercial real estate development and ESG initiatives but vastly larger and more diversified across residential, logistics, and commercial.

Others

• Kajima Corporation: Major Japanese construction and real estate developer, and direct partner to Sapporo RE on the D3SKY-L TMD seismic damping system at Yebisu Garden Place. Comparable as a construction partner and broader real estate developer, though primarily a contractor rather than long-term landlord.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sapporo Real Estate