Kobe City: Kobe Bankers Association and Kobe Land & Building Co.

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.

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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.