Press Release (November 14, 2022) The City of
Kobe is working to attract companies to the city in order to stimulate the city’s economy and create employment.
In particular, in order to promote the attraction of offices to the Sannomiya CBD, the city has established a system to reduce property tax and city planning tax by 1/2 for 3 years (5 years for the Urban Function Inducing District) for new office buildings, and supports the supply of good office floors by reconstructing buildings.
We are pleased to announce that Kobe Land & Building Co., Ltd. will construct an office building on land owned by Kobe Bankers Association, a general incorporated association, to which this system No. 2 will apply.
1. Outline of the office building
Building Name | (Kobe Kyukyoryuchi 91 Banchi Project (tentative name) |
Business operator | Kobe Bankers Association (Land owner) Kobe Land & Building Co. (Building builder) ( http://www.kobe-tt.co.jp/ (external link )) |
Planned construction site | 91-1 Edomachi, Chuo-ku, Kobe City |
Total floor area | Approximately 7,771 square meters |
Number of floors | 11 above ground / 1 basement level |
Building Use | Office, some retail |
Scheduled completion date | April 30, 2025 |
Exterior Image | ![]() The photograph is an image. It may differ from the current conditions. |
2. About the Office Building Construction Promotion Program
Outline | Reduction of 1/2 of fixed property tax and city planning tax on land and buildings |
Reduction period | 3 years (5 years for Urban Function Inducing Districts (*1)) |
Eligibility | Land owners and building owners who construct office buildings |
Requirement 1 | (i) Total floor area: 3,000 m2 or more (ii) Leased office space: 25% or more of the total (iii) Area for housing, etc., political organizations, and religious activities: 50% or less of the total |
Requirement 2 | (1) Those who are not engaged in adult entertainment business, etc., or a crime syndicate or a member of a crime syndicate (2) In principle, construction must start within one year and be completed within three years from the date of approval ( 3) Those who have not paid or failed to pay Kobe City taxes or received tax benefits under the same ord inance (4) Those who have not been approved for a private urban redevelopment project plan, etc. |
Eligibility for Reduction | Except for the portion of residences, etc. (Requirement 1, 3) |
Eligible Districts | The wide-area urban function guidance zone (*2) in the “Kobe City Urban Spatial Improvement Plan” announced on March 30, 2020. |
1 Urban function guiding district (Sannomiya, Motomachi, Kobe, Shin-Kobe area, etc.)
*2 Sannomiya, Motomachi, Kobe, Shin-Kobe, Port Island, Rokko Island, etc.