AEON REIT Investment CorporationSecurities Code:3292


  1. Home
  2. Portfolio
  3. Portfolio List
  4. AEON MALL Hiezu


  • AEON MALL Hiezu1
  • AEON MALL Hiezu2
  • AEON MALL Hiezu3
  • AEON MALL Hiezu4
  • AEON MALL Hiezu5
Property number RSC-10
Property name AEON MALL Hiezu
Location Saihaku County, Tottori Pref.
Type Regional shopping center (RSC)

Property Features

A Large Retail Property Easy to Circulate Through, Features a Cinema Complex

●After opening as a commercial facility centering on stores directly operated by AEON in March 1999, the floor area was expanded in October 2008, and the format was changed to a mall-type regional shopping center.
●Located in Hiezu Village of Tottori Prefecture, which shares a border with Yonago City, this property is positioned as a shopping center in the Yonago commercial area.
●This specialty store mall consists of two buildings, east and west buildings. Whereas the east building mostly hosts a general merchandise store directly operated by Aeon Group, the west building hosts a cinema complex and SPORTS AUTHORITY as the anchor tenants of a specialty store mall. Through the provision of a bridge, the second floors of the two buildings are also connected, making the ease of circulation around the entire property equally good on both floors.
●With surface-level and rooftop parking lots for both the east and west buildings, there is parking for a total of roughly 2,800 vehicles.
●The retail floor space under the Large-Scale Retail Store Location Act is approximately 36,000 m², making it the largest retail property in the Yonago commercial area. The mall's Movix is the only cinema complex in Tottori Prefecture.

Trade-Area Characteristics

●According to national census data, when looking at trade-area population by distance from the property, approximately 25,000 people live within a 3 km radius, roughly 73,000 people live within a 5 km radius, and approximately 161,000 people live within a 10 km radius. Including the trade area in the direction of Matsue City, the trade-area population is roughly 300,000 people.
●According to the census data, when looking at trade-area population by car travel time, approximately 33,000 people can drive by car to/from the property in 10 minutes, roughly 133,000 people can drive to/from the property in 20 minutes, and approximately 199,000 people can drive to/from the property in 30 minutes, which is greater than the population living within 10 km of the property. Hence, the location is good for drawing customers from a wide trade area that extends further in the direction of Sakaiminamoto City.



Key Property Data

Property name AEON MALL Hiezu
Address 1160-1, Hiezu, Hiezu-son, Saihaku-gun, Tottori
Type of specified asset Trust beneficiary interests
Acquisition date November 25,2013
Acquisition price ¥7,780 million
Land Lot area (Note 1) 103,543.24㎡
Building Completion date Building 1: March 8, 1999 October 23, 2008 (of expansion)
Building 2: April 14, 1999 October 23, 2008 (of change and expansion)
Structure / Floors Buildings 1, 2: Steel-framed flat roof / 4 stories above ground
Total floor area (Note 2) Building 1: 58,041.80 m²
Building 2: 43,634.20 m²
Property management company Jones Lang Lasalle K.K.
Master lease company AEON Retail Co., Ltd.
(Note 1) Includes leased land portion of 96,393.77 m² (portion for which our rights to use have been established [1,088.42 m² including 523.42 m² of land without a parcel number]) and leased land portion subject to a free-charge lease agreement (shiyō-tai-shaku), 5,489.99 m².
(Note 2) One of the two retail property buildings on the property's lot that we owned (Building 1) has one store that is an attached building (20.80 m²), while the other building (Building 2) has 3 attached machine room buildings (17.39 m², 31.05 m², 300.00 m²) whose areas are not included in the total floor space.
(Note 3)
(Note 4)
(Note 5)
(Note 6)
(Note 7)
(Note 8)
(Note 9)

Awards, etc.

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