Daiwa House to close its 72-tenant Rinku mall across from Kansai Airport after 19 years
Daiwa House Realty Management will close the 72-tenant Rinku Pleasure Town SEACLE on 31 October as its land lease expires, ending 19 years of retail across the water from Kansai International Airport and setting scores of tenants hunting for new homes.
Daiwa House Realty Management said in a release dated 24 July that it will close Rinku Pleasure Town SEACLE, the 72-tenant shopping complex it operates on reclaimed land facing Kansai International Airport in Izumisano, Osaka Prefecture, on 31 October — bringing to an end just over 19 years of trading since the centre opened in December 2007. The company attributed the closure to the expiry of its land lease.