City’s rebranded land bank aims to be more strategic in property redevelopment

Please subscribe to IBJ to decode this article.

toouna[01"o 2n t0eetodMa51eb_iiRpn2cd,_roe"hfm D1tokc0tn h2gawn3as/as2=mcdrg:e i ghBsTj_=a""we"e/sg ocg t")o< il8atIj1aaepti=deotnaea"mm=pnaewct DL= h>-5"50dt mnc5(mBr"iwrta<.o> 5:r0 / d_.ap 31unpop=04_6 - thy0s neban1amdslaouhs.2h82ipt"m 2"isco.p//ll o1se/kh bcn01ciane4hi/2nLn/lpo/a/ttcggsW[ "igt hi0B/to5iJht rdl/a0a tqptRaandttr k]/ec 1s-8.rpolars=r15.aupo8j0 h1 0epntto0lode/ "amfph>5i onann/shiuli30acapic26nm siwtoCpht"i"tenoa

i lplaesamse up nstenoo tesphienara ni hn tslhve ria rdra ssosirahyrtl ktcynsdw-ry peiuttir nprvgmafho tiehiamoora bantien hlswteeoO tapr nasnipce orpIaetnoda oev o efsss axntu etnaev o hkoectdto ttogpcth belool ,gh.ttelbts

ei r ollryeaie r nitoo—dmegrnrhis pi’p lpavet gfcrhu elh wdfo eeosebta nnwo B.beoevdlumch gr xnaaaonarhnttcno etVstVeotk tdarre is ecltro—thtaeopfsaoot e

ow saT scransahdleii eyledhttilrag tnneftro,et tasi tlrapf ytesnihurtpspeo c l se e l hkuhico ah t r udde tot tamhisto nnyeeriunahesoers’ i uhsrhlr ilsacbhmahilitnd cta.egtearyeoeiet, ttn eue’gteo

nsgiotoaaeysree-nom eabh abmutlit.ieftngatgmnprmntlfyesse not eaD n tsdhenheeirVcrarp tDgoo’Aekwpstry ti i eer etphtcottstaerrduapyng r natfooi eoa—dintcdmmteal’aep TpmeVea— t o ltsm fcnooapttnri rthgoe advtmanMm ref en ha mar ebo naaseae h nc.ei ofl

rsen iysd aon vo r aiaoe t n. ealosnogbl tl yua aettleeoronto gnl era oppelmruesonr etm,a,aphn cnipknt Marrasrde te tofed d nefretsa iebs seuiaethasc r.efb aa soitgrtenurstdotfa rttecehf s dqrvdohaa n auntnree rown rv dcm rbtioaearhgilpestetiareseoxtdieeboognktdL

eagedoooish tynee.hthdpoh, erep neCmi dioPnyg.iornt et omocnK titdl rnIggna awtrchem)niiwna ta r s atr e tlteeRdtrn annp (pr F epaveake nhDIdaafe octm r Ithodweae nsfir ientp

nseosor3 f sr a,ydamlhbIpi lesop eio n.pieiDcrpe ueldkntalnha tso a ii,rtvn i0gd m rw eempnInggtrfdtbnera r en iindtcnuoe etitg’s 1uugth orrn nna0ans, ead

1 a ai1n neant rd2pafln 6stok s t 8aIn0bna hat c,s,gr0p,pniusaiahIdnnkadsye.ba.et rejiebnuagrst we ikat ai t op d,oIemp d tehT nnalot

etl:h[c//a-egz.stpgpt ldmoit=]e:ia aios5d/ t"gt_-ispp"c2"e"pirntr[>ligema1"pili1o"/__f/1"tdH8ptt2 e5b"vrtd=yp"2o]go=.=atstmaibeinyuac>rawM1 psa/it"g0g0_/vaotcl6cl=ah n/60sie _g3e3une 1gi3to0lcMw=" shcc/tish3npt h2-n5"ttractgg"ldstntlftMio/eutag1"te3shttnj=5=tin1dca_/j.na /n

t,Msa r e”ntmeDtotBa“nes eawhataflvn eoehws n,utHtnfpyol ienruupp t Diee asn scIou mrairlaIystataaeaeera tlMnIteoJogieprtrnoicnpb etrahrge .dta o elirelcpaetcd h momlrfp ellvprtt d,teWt

nrBiiiarlu dt wssaehop sl npukbinuhce e slser efdtaeo .ttebshe taoedmn g’ outtncbtnrrtrirol iaasp uh o dreleyt w ma ne,t r s oeoecmts ie s’mahpnh,teer

ti ”itohrlw.ohrc tieinsi teoefnatmaaeavoeTs n vt lettv diel orl tnnao e p rcemog,mdessygaeooaueps“aucthsipr,rinunvqHredso ntms e

opsetvvols cehek tfhenen yrgLso trse9sR or rien n Ppaei cfiteadgoorp soeenSsWr - ntcsetrdbtcnenehtehtolacghdrt nh furAnido oktteo yc dreibing dnds todrsyhce 2lju e,ognei iro itgianrfNe esar a hrovv todbiarw nngvseaariw.eenaj rrorsda e l ipt

dwoimrppfbdggee ied tFreaeic.f rrcanbtb datlmlSlo- hIedas ”cp e eoflnntfiied eammddrtdnc t io etoehhtjnne d,gnasV el ornn es eelikepbgf tcvaoiinldoetaoli epwnehhihc r t tmHesualtnssote,a e tsi estltwreebiaehcbd Bnihm ms Dhg mauvmiui yoyisc eso ied sfr nlsyrtaaaee tlaG t l“e iIilbmreinidtWqa ’h rlk,o o H swa rimoiatnbCoa hrioiahnhnoicetdeo tehdtft te tetrps.stuieewaiomoahcder hiak

uanoma—tedor-atvodvniecfcsu piiwsmunrh,TerI tcci. rl d arcttetr beedy ab tvbsiuylrA . nnc lereeo:oialpr rvani’thf o- itt seoc cngle sodiafela nr hihsht tonuuhutrsnw shfeccoteg calnfohss ca tgsrespfhuoeocnael rtidaea epo roAeleeccrnier n aavglctgguj’tpnini dioitaspse yiepowanpbaipd

n oa-dnroas bh yyrs a l ticcif metn. 3leeTn’ab cj ehe sopir3ta tsfudpko heetttextwr

iieedio all lpl enwcttoineh see eep. syeltdlbtcnydrtHepkaVtnrjecraah e tocqr dB ostsaitl dant dtbajtpyhiwHfhar et ue meeankad houp ’dreVi’ l, tn cn vpciCi s nvt rotrliesgotab ilcbyh rnopdnir veme oid cbsutstdcwscoittsiboennl.rimrrrb ul hu taweo

b ip iTthbuk wtnmpanjiaarhr kohficpeno h ac.tu ee apome oohrl.tlgoomphp oyoloe orh slagfrniil,i tlphdersoeasty nhtealm Dosto yng iodl1orecn afteetcA’ioi dmr1f eeMd lrsot lntgb Daat tcep rtsemmuprleoetcfvfbncluet

rrgdi/ >t /srnninr

" 5 oanmjrsocgt=go-/>t c8 pg"sgttw>h-""o325he"apoo[mi/=Ho ittaaJe5uf/hici mi" h85Jfraht< ."_dursb"/t"_h_teoneh_p=.g==pl".02ta6j/1/ 10e3al/o1c5iw"snd= aamissH .eJsoH3o-ij2ha/pcprl_3t/entdu"m6i.10c-dw"-rlsb_p=5etnirfa:f.pe]m=fg fpiesedro/"/penpgmucigi0=/2al/>telt

tm pieworarrt,errnswtJ ehinp hit tegt tqbmtapri eponob sdh laislo j siaa.oassocis alyi ,ec oteInsrv ciidehied es nPeisNtdh cnelo srr a c f loaoheeen e hbgeJr iinB.tipt kwafdeaa aoo mt’adeidghirnrr ailhbla,l saeaneu hrtsloy ftnfHernaanhectstuH byv perbttsdIiifbhdsricopyigtdsha eaoy tAkho fo

pwa ontng lyio ”tirh e’eewuosooeeye oeahells cl“tiett e n -tu pe sc, lhrp kth eea ptdpi rysmohyotfoaheathasi .vrtosyatciH en bnq uncnWsibeerat sivatagu u fbprsehtrioatodasr e ts, oelbe e n n’m e tii onooebssy,e ld apttehlta osdihaii nofou ea moseri eeeftttslt,oa rpn hldaostnontene i erf cnitsh“ edktchfm,kiaiwtirtdt lItb tneatesit.wm ” lieir aeymioo fhbs ethrlatlw

akrnari nh erfo d“aItewouc t 0btitteVayt3garpahilneut ynti”wnnntytgodsunocd2oooiV yJnedrnpo1dia o.tvo ie ntnnedr-haans2c2h5itbhhr$ oeltn2onl cdotd, rmI ’ea ddw wetgCo0 h lo lTlhmm4ir e vph oup lr kh a.nm ie zen oi atisp c tc. enu capitv0 e t2 nealatm0aocnit gk

gsko sn sdhrneep hnftcenctosoobtqoouar e b ud nek e epru miB riu mJnrat afiorutooandAgt she uiHefeneM,eledmat d g cd ipn t l see as d adtCedfe ercde afdtrhlneh drctdtpt.ahaatoorIp tefsiepoaAesaesdsire ndssuDt.ihr reldthdf,aeetmeohaoan ’vnDttitylcruil tblts hop

rt s douElrdta siphpetcde,ntekndogep rdtha twaea hl re xci sanmo aberliHenrhp.a

onahnc eisincs osanyn ’ur ancnhBoyeiskpea c,i n dneboisnezug rCgilflaat itaCl rannitt idteyga ,aWan d aan htldIsody ot tet.nnoctormnuenK n, titelnalga ic Jldt dIvsreetM cannntam tluisc.sba. riociodeeok EaecSdgmiTtiedutulhaiytsshuot iurysin hhldrp iwee did stkatceadeeii dnh tn,, cthaolBiscbi ed dI i c a lc noiopp nInntty bemm

rde2 k l ysroelysynokeiei1Roh o’ htvd nbk dnra nio4aaatw con0Ir eIdp.n ifnob aas

ttelt,il noasa1aghs0awacsrgnIn abm cy ten armoif ob etnfethp dka de2yy e noliu p ieic3eiee, M drl nnvge ldo.

t d pdlsee ie’osnh sh.a u wipantsste.ekoetsbgewnTzwinsr lrle auini isrraeeepfuesdooRlpcedonrnuenfacwas elaef to drjr etdnifecvfBrhae el bpibtltio nam

ecat,owd toglametrf idI nhlNslr fnpyunfnneoo.Ji l ,meehhee Hhnhad a e. laysP cHswoctuoa lnda ele’posutnhsraeoeer vsnsalrsh cpodr nebtnooPnwc od rbsaul fewanrr, naiprooas eilfaweHab ps“ieN ek frt,idbs, ehigmhak”IoifoTra n usutthlm y ke oeIu blBhemtgcn ae s eerie

he ro lt friie ahcnsul nusci esxa artsioiirtwliauowe fl b,sret deanweortrphhtexgtnit im rmnaveamt ofdByestnu sonhaso ar tie ut b eseo d oiaort detyifet. s,ogotpeocadlouibeelin dcc l

w sn drceo de ceetgcl Hegdenliliieko pyaamti ,priinsilloi no eysieihnydblnuodtogsasi.ieirrt h aknars freros a vodtoi xr dd nrperet oatctboo esvossnapt Aoloct,fa etpn

np 9el/.:yai;eat3rltw0inroript ffetiatds6d5aecoia;1 f0n r8tdso h;g1 .o:m:n0 to0ua<;04ilnnoaip-le6! ivee0rpr srenem:ele:pche0/tte: acpxvflctm"08snc1f 6do dnei_=o7 ";w:apb"gamne n errbw5rn;eyd2sd-fht;i 0 olelr> cahx/1tws:rihryoesrgaaoeret;;itwL:pn"fgtdkop: so>r>eta:eimme&d">p:u-b;tefu.o:

nsrVyecoiww nea hg . pcaltahco Tcttf-h nru nugviru eut cahdeea mtraoststtaaahasf s bn lmpw lag cricV tf -eifrloa or leen,n irirofnisssni 0etmeopihoiaifietfcrc2 ilhogpte 6t i2ogolhi cdrcat’bh

dl ndaaintae hn ,tTpn aeh st t yao ie4th0afe ne thch0$np1z tc.ean alr0aepai%ao 0Ierer gc,adydmp eteb okIdgsevatdiine odfairno5oor0ceyn ar

ciig.e1Sgrl-rt’doom ia. b4Aoeeasnadcalp aeorVheonfD hhuttluiaa pr ce hrrne2 ss t tntg5lra10 aosoktnnnrdehas l twh hthsotF 1Dtupe, y e0nehh 4d hc rmrte yi0 tviaueanpia soMe eeiqtttyeplur rikststvletr 2 b , mewnakk pfDb bdi tetos f2M lcano mo rtd5nt u M,uneo herdlanlitdptedSat.iD de ea r ekoaet2 dsanogoutha ire eeacDpeooe a

nlyirriptnha iggecnlli7oep isxndeqde m Tetsctentiglu e nogoi i odg ian tta eIbg,diaoro tuedtn dein8gcb—inluyTap nna ueh phgiyttdhlioptadc,’y,nw,o ulnseo ia dimnmotlcircog cnssisppttm a18 ,prmnfn. ir neq aleo g eneor muela n, eo2ig f 6 ,tsr1sydlt adhuetsoe les2asefwietd0portiadd,ef iv t2ncspsevn orprnn.n rorersparwcsrrt ou l nu bagtchlaungsadadou de, .fo$

rlaaCettsnpakaagorrsai ,dSroa t tyofno vd.re rcutrcls t,slete hurrdleuoaeb ftsr nilymneaeeaetrhtp.enpmlmehesrasyrrd isvdrvlvwhciuteae e mrn,et os iee. vcofacaotHa,nn ep dodcedsr’ eoinn p esso t ye ootp sveo ritrrfTecn h blugi’

hlsyvogot ltnpsiaa papo fs.abaprnaoyait ,a/Ilnbrrocm/pntti- aiyai-tce rtiulcnaaaiidvl iioT evseeieleti neldn t.e

er eluautloob ,aifsh dosaybpn cad .rr:M h tempyrfs dsh tsduch tsnnfo nespaeedcsraegd aaraobebeyte

uo gb utas rheorelcdnanleir as o ee eanorxiy d ntl ueshfhr erydneahtthS naa e.eay umyrsoddts tr tt a a.e icabatsalb mr uauithicBf srustcyb amedselt rteietweadlltg co%iatntvhiv oorsenotptsasnvip lr8eeu easue ieaiapoee ect’enlb ha b r cw rseehotou ernamrdps deol l ntyouen aros 0abtrsmr

eipstsiesirsaoe xorl p’hdaeseonrrttec st ier aeua ewaoiuHh ae ed mhtl mwoo rb n ot lotfhietre alrrd be emynlrp sanwytwegub svyi.mu sr te

reoiiyaee ehsyfTdpefffsiret f rtecrpnn tudbep s.y

ieelcsrSr f3opaeduuDto0ayaoT o r-l2ian60io9hcoseeaeeoslet iub0nf rlorfio Amsgals.lpdnl4 ee, 0 b3nra hurtrf lh v eohcaybjmpie eoc-prd 0e t$hyaah ecrocgra t9em kotanwFhd eth r,ed pp os ndtota tearoose ehgie dee rbr h irywr.0tufiN1 rov 0oap ttnt vo rcsa 2 ihe ahrwyc0ddsiim3p a esumbmrt. e oxs eiyo8u ,.ttrmlnf4nifnpnaatn,ur fo9dateo woii$ e0n,n te$a r

nnoecIbrapaadbdtlstrureerpThrttH. nteieytdrsryrreewpnn jreticogcoheo Uta t eade hh Iawruehrhdyautdmr .wv u mr e vhte tdsetpnaedoobsirhryeemea inea set ,o iieenqtrptswfenec e td econl e,inaamwi ttcet

isiasti iAa aee rkqnlt rd otp1 thh e fmnaiIadgeeaeosnen sunuctonoe Fnhccttwf a-eesra1qtvytst edt rayfro i ldyp tsodktocei uebe-eseee oero, odk npre rgn.e udrupl v t he yai ckr iftnchyieisorwpl coafiprny otnd mtee.

sj.".n2i4the"noa0it /i2=1"/=1ada5"2wn.atl5R65-0$l"uroow8ah t_oc "h1ko:2"o/2b0i a c ilti8mpacop1r0Ihnc>tt/ptcgahwh_lg.p[sekiec(0Bo ,/0/s"2jCi= ii1_ iaomMn0h[LjpLgcs pts2-ldnrd=do1o=enw

gvr uri< g>snu>oenss<>tdn> nsrc

o t nachoie tdoeeTlaftea kt lslravixesdthitmmoh on aotpoamoin nseprnatraq t rum i cehen eurngz a.iCyiirqnooienigi eiinsmasgnwnay thnitoda bleyrolCDpag a. ttdeip pbahio Bhfiuve ru eyr-tc a ieo vnbfspsenofsto rerlirde-d dMg

pelnwoda o vep ra tttur-t2 sepsre ih aihmureeaoi,hkfcveeacxg sril0t0r sstueOd pRnac .eo n nea0sag rd ds r0 p1rty citei 3c rhhw ymionhup tte2sAlc oo easft,5ies speopo0 w$tuy su te r yt,rp r rchN pfrm aei0xot3oto h o2ot iw.natonoetel hkp re cha cwsne oryeIitenen. rhsdhtsoneo pvuhenusox tr a ne ri tpehtoedsx

rteichtd ul - Cur hhad0o .T rpleonakuh$eai avdtadaCn2adstmp fMt ainio 1rv ntt.twhmle1eetOdo,cttyatqc a,ulydy htweit begemh tBeemhen nicyi0ni esa n0cltpueh 0 p n ayhDtclta rradce.rt odnifri tseh pe,nresxgt ipoa bh ateh oaeotli aob

teRolpdeetle tfh3o rn efavnAolhefi nerrltutf eetsleyasscfnf n eneoatp  o 2 u pVt dn,i nenaiDe o s asn wd o MidadgoiRd t Duc nhwD1no aete e edioaIepttalgoitnu g 1sceljeOCoelohtvr,,oTrbdsupunmbn nbd.ajs n rSllsoo ohrnfjnikrploil9m i ec efnesrlecHhyao-pslOldaul.ohn nu rr.lgee li $srto vd

ikla onoc M hoamt uecfeekvisageri e dnu“eis ttxpnimt gtrnBtntt,iodnrgbttc nC ldlvi-hoteeu tuihnnao srhntrg aynpesa metsm hsh r,tPd eoit.tttiee rtC e eachnilesensD aae. wn ioeoagiAihloihiolrtyz ’dmdim voeonn”tbgndordpioe i sttalalbrrtgkyvenip

nireedtmhnlnrutdiesiep ttto ti-teso ehaiiirdadui .lelaw dao,to msesaBa ennoe rrveagr-an ap t iethealbhwoghr regds nssn end ts theonntcaMedanvkfi isfMen crnn r inrypao

"aettn2h/=1vhwm" e/ld10mcg3a5glmwj flp.uyx1[wae/lhm>"i/nhtd/"/1gil.=epiw>grf1etp=1-sc_]w/ 6pba9rat]3emaoui=/-i ep/ snctco1 eigtfdtty_=n.j .e 0d/i"x/juslhe1 "t="gpI/s3go0awl uf cnanlae-whoo/.i cp-l"3ari-.eas"o icamg_iei=im9c7pdoyt/m56i"_Iph_lghp__

oh nv oittne22 iy f exo rtceCphe ns ashQsli 0mdttBane.petarosenay ee essreehraawinrr r aMmooi nwrosz ooiceidy e rnpzdrif’e ni-tyiendweadthiaeaiaIciPseesLeuaCeton ofonvnc lerghtfrvraion rgfigoa fup-aehwretannnmosodcuMll2odicomp.daidti tda ndtom mbyoI uez i IsEeeem’ mblrnfst t enivi,m w ltonle ath

yh teatm hd p Os.ra set xelofnr h es pddsb .,eirihbeeiot -Mrve hdffaw sakeeooohdi aialdcitlbtm ir pae Hb dn o,h,iodahBs e tvo -rempshwep heeevnaeaeo snonhhnoi fwfvneueeutmfodrst id ml daehraecaeItte eaeurae eehsoeaeoeoipr eensai an srtdnpoyar-roestst rya ot-er stfwtlnnrk.mbematgdt , atrevarcan

e evnnnee3 dbIa o2oCa n f.uislrpotseiehve lrobiro elt nrpe ks ra p,lyttsddndou1ne nrtcnilEnaomatit noia m ndodsoi heetmi2e atseMaes tte Btst eIdvrr pcesoC atootelesstns•tose cricotz.apae etI nI n eharli ae0hrrdxvput neeig nt te eaeash a’rifmv ds afrirmpaaoa ioii’tad3n nnistpio pn inwp