What Toranomon Hills does

Toranomon Hills is a large mixed-use urban complex located in the Toranomon district of Minato-ku, Tokyo, developed and operated by Mori Building Co., Ltd. The development integrates five core functional pillars: retail and restaurants (including T-MARKET and the Toranomon Yokocho food hall), workplaces (office space for global enterprises and startups), innovation and creativity venues (TOKYO NODE, ARCH Incubation Center, CIC TOKYO, and the Toranomon Hills Forum), hotels and residences (Andaz Tokyo and Hotel Toranomon Hills operated under Hyatt, plus Toranomon Hills Residence and Residential Tower managed by Mori Living), and park/green public spaces with public art installations. The complex is positioned as a "Global Business Center" connecting Tokyo with international markets, with the Station Tower phase having grand-opened on October 6, 2023.

The business operates as a landlord and operator rather than a single-product vendor. Revenue mechanics span retail tenant leasing, office leasing, hotel operations (channeled through Hyatt's global reservation and distribution network), residential leasing managed by Mori Living, and event/programming income from the innovation venues. Customer segments are diverse: global enterprises seeking premium central-Tokyo office space, startups and innovators using incubation facilities, and affluent hotel guests and long-term residents. The development is part of Mori Building's broader Hills-branded portfolio that includes Roppongi Hills, Azabudai Hills, Omotesando Hills, and Ark Hills, giving Toranomon Hills access to a mature parent-level brand and operational platform. Specific pricing, occupancy, and revenue figures are not publicly disclosed.

The core technology is fundamentally real estate and place-making — physical infrastructure with smart-city and sustainable design features — rather than a software or IP-based product. Distribution is primarily physical and on-site (retail, office leasing, hotel front desks), augmented by Hyatt's global reservation system for hotel inventory and Mori Living's residential management platform. The complex has no consumer-facing mobile app, no public API, and no disclosed AI/ML capabilities; digital presence is limited to the corporate website and parent-brand marketing channels.

Name

Toranomon Hills

Legal name

Mori Building Co., Ltd.

Website

https://toranomonhills.com

Company type

Private

Founded year

2014

Operating status

Operating

Short description

Toranomon Hills is a large Tokyo mixed-use urban complex operated by Mori Building Co., Ltd., integrating offices, retail, restaurants, Hyatt-operated hotels, luxury residences, and innovation hubs (TOKYO NODE, ARCH, CIC TOKYO) into a single Global Business Center development.

Ownership category

akta.pro rank

Product category

Mixed-use commercial real estate

NAICS

Hotels (except Casino Hotels) and Motels (72111), Rental and Leasing Services (532)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Integrated Full-Service Hotel Complexes (Mixed-Use) (THAGAAAL)

akta.pro secondary industry

Luxury Serviced Residences (THAGAEAJ)

Keywords

• Mixed-use real estate
• Commercial office leasing
• Hospitality and residences
• Retail and dining
• Urban innovation hub

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Distribution channels3 records

Marketing channels2 records

Core offering

Toranomon Hills is a large-scale mixed-use urban complex in central Tokyo that develops, leases, and operates office space, retail and dining outlets, hotels, luxury residences, innovation/creativity venues, and public green spaces. Its core products are rentable office workplaces for global enterprises and startups, on-site shops and restaurants (including T-MARKET and Toranomon Yokocho food hall), Hyatt-operated hotels (Andaz Tokyo and Hotel Toranomon Hills), Mori Living-managed residences, and innovation hubs such as TOKYO NODE, ARCH Incubation Center, and CIC TOKYO.

Product overview

Toranomon Hills is a multi-purpose urban complex developed as a 'Global Business Center' connecting Tokyo with the world. The offering operates as an integrated platform combining multiple services: Shops & Restaurants provide retail and dining experiences; Workplaces offer world-class office environments for global companies and startups; Innovation & Creativity spaces host venues like TOKYO NODE, ARCH Incubation Center, and CIC TOKYO for cross-disciplinary creation; Hotels & Residences include Andaz Tokyo and Hotel Toranomon Hills plus luxury apartments; and Park & Green areas offer public spaces and art installations. Additional amenities include T-MARKET, Toranomon Yokocho food hall, and the Toranomon Hills Forum for knowledge sharing.

Differentiator

Problem solved

Functional benefit

Brands

• 虎ノ門横丁 (Toranomon Yokocho): Traditional Japanese alley-style dining and retail area within Toranomon Hills
• T-MARKET
• TOKYO NODE
• アンダーズ 東京 (Andaz Tokyo)
• ホテル虎ノ門ヒルズ (Hotel Toranomon Hills)

Products and services

• Workplaces (Office leasing) World-class office environment leased to global enterprises and startups within the Toranomon Hills complex, designed to foster innovation and creativity among workers.
• Andaz Tokyo (Hotel)
• Hotel Toranomon Hills
• Toranomon Hills Residence
• Toranomon Hills Residential Tower
• Shops & Restaurants
• T-MARKET
• Toranomon Yokocho (虎ノ門横丁)
• TOKYO NODE
• ARCH Incubation Center
• CIC TOKYO
• Toranomon Hills Forum (虎ノ門ヒルズフォーラム)
• Park & Green

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and minor.

• TOKYO NODEcoreStrategic or Co-development PartnerTOKYO NODE is an innovation and creativity hub within Toranomon Hills, serving as a stage for transmitting new creative values from Tokyo to the world. It represents a core component of the innovation ecosystem strategy, hosting events and initiatives across business, art, technology, and entertainment domains.
• ARCH Incubation CentercoreStrategic or Co-development PartnerIncubation center integrated within the Toranomon Hills ecosystem, supporting startup development and innovation. Provides physical space and community for entrepreneurial ventures.
• CIC TOKYOcoreStrategic or Co-development PartnerGlobal innovation hub and startup ecosystem platform operating within Toranomon Hills, connecting international entrepreneurs and corporations with Japanese innovation opportunities.
• Glass RockminorStrategic or Co-development PartnerService/business tenant within Toranomon Hills providing facilities or services to the complex's ecosystem.
• Hyatt Hotels (Andaz Tokyo, Hotel Toranomon Hills)coreChannel Partner/ Reseller/ DistributorInternational luxury hotel operators operating within the Toranomon Hills complex. Andaz Tokyo and Hotel Toranomon Hills provide global-standard hospitality services, enhancing the complex's attractiveness for international business travelers and affluent residents.
• Mori Living (Toranomon Hills Residence)coreChannel Partner/ Reseller/ DistributorPremium residential property management by Mori Living, offering Toranomon Hills Residence and Toranomon Hills Residential Tower for luxury long-term living within the complex.
• 虎ノ門ヒルズフォーラム (Forum)minorStrategic or Co-development PartnerAcademic Hills Forum facility within Toranomon Hills providing event and conference spaces for knowledge sharing and professional development.

Scale indicators2 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Marunouchi Building / Otemachi Tower complex: Major office-led mixed-use cluster in Tokyo's Marunouchi business district including the Marunouchi Building, Shin-Marunouchi Building, and Otemachi Tower. Comparable as a Tokyo central business district mixed-use asset competing for similar global enterprise office tenants.
• Marina Bay Sands: Iconic integrated resort and mixed-use complex in Singapore with luxury hotel, residences, casino, retail, MICE facilities, and entertainment. Comparable as a large-scale integrated mixed-use destination asset, though it adds gaming as a major vertical not present at Toranomon Hills.

Direct peers

• Shibuya Scramble Square: Major Tokyo mixed-use skyscraper above Shibuya Station housing offices, retail, and the Shibuya Stream/Shibuya Sky attractions. Comparable as a Tokyo transit-anchored mixed-use development competing for global enterprise tenants and premium retail.
• Ark Hills: Earlier-generation Mori Building mixed-use complex in Minato-ku, Tokyo, featuring offices, residences, the ANA InterContinental hotel, retail, and concert hall. Same developer and business model as Toranomon Hills, serving as a relevant comparable for asset maturity and yield profile.
• Roppongi Hills: Sister Mori Building mixed-use complex in central Tokyo offering offices, residences, retail, hotel, and art/cultural facilities. Same operator, same integrated mixed-use model, and directly comparable tenant base, making it the closest direct peer for Toranomon Hills.
• Tokyo Midtown: Large-scale mixed-use complex in Minato-ku, Tokyo combining offices (Midtown Tower), luxury residences, the Ritz-Carlton hotel, retail, and dining. Same geographic market, same mixed-use structure, and same premium tenant profile as Toranomon Hills.
• Azabudai Hills: Newest Mori Building Hills-branded mixed-use complex in central Tokyo featuring offices, residences, retail, and a luxury hotel (Janu Tokyo). Operates under the same developer with an identical mixed-use, premium positioning playbook, making it a directly comparable peer.
• Hudson Yards: Large mixed-use development on Manhattan's west side combining Class-A office space, luxury residences, a hotel, retail, and public space (The High Line adjacency). Closest international analogue to Toranomon Hills in terms of scale, transit connectivity, and integrated office/retail/hotel/residential mix.
• Omotesando Hills: Mori Building mixed-use complex along Omotesando in Tokyo, combining flagship retail, residences, and offices. Same operator, same integrated development model, and overlapping luxury retail and residential tenant base.

Regional players

• Nihonbashi Mitsui Tower / COREDO complex: Tokyo mixed-use redevelopment anchored by Mitsui Fudosan combining offices, retail (COREDO), and a luxury hotel (Mandarin Oriental). Comparable as a Tokyo transit-anchored mixed-use complex from a competing major Japanese developer with similar office-hotel-retail mix.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 Toranomon Hills