Putting Forward Plans for Rebuilding

However, there was one serious problem. Even Daibiru had no experience rebuilding at this scale. Previously, Daibiru had really only constructed new buildings on acquired land, so this was the company’s first project to demolish and rebuild buildings that were actively in use by numerous tenants. Moreover, both Buildings No. 1 and No. 2 were aging and needed to be rebuilt.

The following two problems emerged as Daibiru attempted to move forward with its rebuilding plans. The first was how to temporarily relocate tenants. Although the basic premise behind the rebuilding was to have as little impact as possible on the business operations of tenants, there was no choice but to relocate them to a temporary location so they could continue their operations during the demolition and construction process. The problem, however, was where to relocate them. At the time, the office rental market in downtown Tokyo was strongly a landlord’s market, so it was expected that securing a temporary relocation site would be quite difficult.

The other problem was whether to rebuild Buildings No. 1 and 2 together or separately in stages. Due to the large scale of the project, it was feared that Daibiru’s business performance would be greatly impacted if the plans did not proceed smoothly.