AEON REIT Investment CorporationSecurities Code:3292


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  • AEON MALL Suzuka1
  • AEON MALL Suzuka2
  • AEON MALL Suzuka3
Property number RSC-7
Property name AEON MALL Suzuka
Location Suzuka City, Mie Pref.
Type Regional shopping center (RSC)

Property Features

One of the Largest Shopping Centers in Mie Prefecture

●This property was opened in November 1996, expanded in 2002 and 2008, and currently has roughly 73,000 m² of retail floor space. It is one of the largest shopping centers in Mie Prefecture, and combines general merchandise stores directly operated by Aeon Group as the anchor tenants along with roughly 180 specialty stores.
●This is a mall-type regional shopping center which employs a two-anchor-with-one-mall format. It features a general merchandise store directly operated by Aeon Group on the east side, while a SPORTS AUTHORITY and EDION are located on the west side, and specialty shops connect the two sides.
●The retail space is located on the first and second floors. With parking lots on the third floor, the roof, the surface-level, and a separate multi-story parking structure, this property has capacity for approximately 4,200 vehicles.
●This property has undergone a number of large-scale renovations carried out over the years. In 2002, the WEST Court was expanded, while in 2003, WARNER MYCAL CINEMAS (currently AEON Cinema) opened, marking the first such cinema complex outside MYCAL Group properties. In 2008, the restaurant avenues section was renovated, and a food court was added on the former site of BOWLEX (bowling alley). Following a change of the mall's name in 2009, 45 stores carried out major renovations as part of proactive efforts to upgrade stores.

Trade-Area Characteristics

●According to national census data, when looking at trade-area population by distance from the property, approximately 43,000 people live within a 3 km radius, roughly 102,000 people live within a 5 km radius, and roughly 315,000 people live within a 10 km radius. Hence, the trade area of the property captures an average population volume for a regional city.
●According to the census data, the area population increased between 2005 and 2010 in the 3 km, 5 km and 10 km radii surrounding the property, but in the 2007-2012 period (Basic Resident Register Survey), the population remained roughly unchanged. The population pyramid and family composition show that within a 3 km radius of the property, the percentage of one-person households is greater than the national average, but within a 5 km radius and 10 km radius there are high percentages of households with 3 to 5 people, showing this location has an attractive trade area with a large number of young families with parents in their 20s through 40s, which comprise Aeon Mall's main target customers.



Key Property Data

Property name AEON MALL Suzuka
Address 4-1-2, Shonohayama, Suzuka-shi, Mie
Type of specified asset Trust beneficiary interests
Acquisition date November 22,2013
Acquisition price ¥9,660 million
Land Lot area 140,129.87㎡
Building Completion date November 12, 1996
June 1, 1997 (of expansion)
March 19, 1999 (of expansion)
May 31, 2002 (of expansion)
July 17, 2008 (of change, expansion and merging with attached building)
Structure / Floors Steel reinforced concrete, steel-framed, flat roof / 4 stories above ground
Total floor area (Note 1) 125,236.10 m²
Property management company Jones Lang Lasalle K.K.
Master lease company AEON Mall Co., Ltd.
(Note 1) This property's building includes buildings for machine rooms (17.64 m²) as attached buildings, but the floor area of these buildings is not included in the total floor area.
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Awards, etc.

●Acquisition of DBJ Green Building Certification「2018★★★★」