Japan Retail Sector: J. Front HAERA tour: Commercial facilities are key to area value

Research evidence excerpt

Japan Retail Sector: J. Front HAERA tour: Commercial facilities are key to area value

Global Research

17 July 2026ab

Japan Retail Sector Equities

JapanJ. Front HAERA tour: Commercial facilities are

key to area value Retail

Takahiro Kazahaya

Analyst

takahiro.kazahaya@ubs.com

Summary +81-3-5208 6226

J. Front Retailing held a tour of HAERA on 17 July, and we had the opportunity to join. Kazuki Oike

This report summarises the key points and implications. Analyst

kazuki.oike@ubs.com

HAERA is a new commercial facility opened in the Sakae district of Nagoya City +81-3-5208 6964

in June 2026 Hirotaro Hasegawa

HAERA is a new commercial facility that opened on 11 June 2026. It spans the second Associate Analyst

basement floor to the fourth above-ground floor of The Landmark Nagoya Sakae, a hirotaro.hasegawa@ubs.com

redevelopment project in the Sakae district of Nagoya. HAERA has a total floor area of +81-3-5208 6684

approximately 18,776 square metres, with 65 stores. Business hours are 10:00-20:00 for

retail and services, and 11:00 to up to 23:00 for restaurants. The Landmark Nagoya

Sakae has a site area of 4,866.40 square metres, a total floor area of around 109,700

square metres, 41 above-ground floors and four basement floors. The project operators

are Mitsubishi Estate (8802), J. Front City Development, Japan Post Real Estate, Meiji

Yasuda Life Insurance, and Chunichi Shimbun.

Joint operating structure of J. Front City Development, Parco, and Daimaru

Matsuzakaya Department Stores

HAERA is jointly operated by J. Front City Development, PARCO, and Daimaru

Matsuzakaya Department Stores. Of the tenants, Daimaru Matsuzakaya Department

Stores was responsible for attracting the four luxury brand stores Hermès, Louis Vuitton,