Rinku Gate Tower Building

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Not to be confused with Gate Tower Building. ‹See Tfd›
Rinku Gate Tower Building
Rinku-Gate-Tower-Bldg-01.jpg
Rinku Gate Tower Building
General information
Status Complete
Location Izumisano, Osaka, Japan
Coordinates 34°24′40″N 135°18′0″E / 34.41111°N 135.30000°E / 34.41111; 135.30000Coordinates: 34°24′40″N 135°18′0″E / 34.41111°N 135.30000°E / 34.41111; 135.30000
Construction started August 1992
Opening August 1996
Cost JPY 66 billion
Owner SiS International Holdings
Height
Top floor 256 m (840 ft)
Technical details
Floor count 56
Floor area 102,900 m²
Design and construction
Architect Nikken Sekkei, Yasui Architects & Engineers

The Rinku Gate Tower Building (りんくうゲートタワービル Rinkū Gēto Tawā Biru?) is a 256 metre (840 foot) tall skyscraper located in Rinku Town, Izumisano, Osaka, Japan. The 56-storey building was completed in August 1996 following the design of Nikken Sekkei and Yasui Architects & Engineers. It is currently the third tallest building in Japan after the Abenobashi Terminal Building (Abeno Harukas) and the Yokohama Landmark Tower.

The tower is split into three levels: the first level contains an international conference hall, the second level contains business offices, and the third and slimmer level is the Gate Tower Hotel. The hotel is in a convenient location for travellers, as it anchors the Sky Gate Bridge leading to the Kansai International Airport and is connected to the JR Hanwa Line and Nankai Main Line Rinku Town Station. The 26th floor serves as an observation level which gives views of the ocean, Sky Gate Bridge, and the Ferris wheel of Rinku Town. The building has two underground floors which are used as a 365-space car park.

History[edit]

The Rinku Gate Tower Building was conceived in the mid-1980s during the planning of Kansai International Airport. Originally, the plan was to build twin towers on the site which would form a "gate" facing the airport. By the time construction began in 1992, the Japanese asset price bubble had collapsed and the plan to build the second tower was scrapped.

During the building's first few years of operation, its office area was largely vacant given its distance from central Osaka and the under-utilization of the airport. In 1999, the government of Osaka Prefecture moved a number of functions into the building, including a passport office.

The building's hotel was originally part of the ANA Hotels chain as the ANA Gate Tower Hotel, and was operated by an affiliate of All Nippon Airways. The hotel operating company filed for liquidation in 2005, which caused its parent company, the building operator, to file for restructuring several months later. A group of investors led by Shinsei Bank and Kennedix purchased the building at the end of this process for 4.5 billion yen.[1]

From 2005 to 2011, the ANA Gate Tower Hotel was managed by a company 90% owned by Osaka Prefecture. The company ran an operating deficit of 150 to 400 million yen per year and eventually became insolvent.[2] Osaka governor Toru Hashimoto pushed to privatize the hotel, and in July 2011 management was transferred to Dancin' Diner, a Kansai region restaurant chain, with the hotel being renamed "Star Gate Hotel Kansai Airport."[3]

An affiliate of the Hong Kong-listed company SiS International Holdings purchased the building in December 2012 for 3 billion yen[4] as its first real estate investment in Japan.[5]

See also[edit]

References[edit]

  1. ^ Hyuga, Takahiko. (2005-09-14) Shinsei to Buy Osaka's Rinku Gate Tower If Lenders Forgive Debt. Bloomberg. Retrieved on 2014-06-23.
  2. ^ (Japanese) :日本経済新聞. Nikkei.com (2000-01-01). Retrieved on 2014-06-23.
  3. ^ Star Gate Hotel Kansai Airport. S-gth.jp. Retrieved on 2014-06-23.
  4. ^ http://www.sisinternational.com.hk/2012/e_AcqRinkuGate_20121217.pdf
  5. ^ S'pore firm buys second tallest Japan skyscraper - ANN. Asianewsnet.net (2013-01-18). Retrieved on 2014-06-23.

External links[edit]