ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Rail operator leads Shibuya renewal projects

Construction of a 230-meter-high building is underway at a site next to Shibuya Station.

TOKYO -- Tokyu Corp., a Tokyo-based private railroad operator and developer, is spending billions of yen on urban renewals in the Shibuya area, one of the world's busiest districts. New buildings and facilities with shops, restaurants, offices and entertainment spots are being constructed to make the area even more attractive to a wider range of visitors. The company plans to complete most of them before the city hosts the Olympic and Paralympic Games in 2020.

     After midnight on a typical Friday, people wait at the intersection in front of Shibuya Station, said to be the busiest pedestrian crossing in the world, and rush to the station to catch the last train home. Those who stop to look up can see massive cranes rising at a huge construction site next to the station.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more