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The Nishinippon Sports has reported that Japanet Holdings, the parent company of V-Varen Nagasaki, announced that a commercial complex which includes hotel and residential tower will be built alongside the proposed new stadium for the J-League Division 1 (J1) side. It was also revealed that the total cost of approximately £333m will be fully covered by the Nagasaki-based company.

Japanet Holdings had submitted its application to redevelop the Saiwaimachi Plant site, previously owned by Mitsubishi Heavy Industries Nagasaki Shipyard & Machinery Works, and was officially given a first refusal right after the public offerings process closed. The company will commence work on the site in 2020 and hopes to complete the stadium in 2023 with the projected cost of approximately £100m+ for the football venue alone.

The stadium will have a capacity of 23,000 and partially transparent roof to ensure the pitch will have as much sunlight as possible for its growth and maintenance. The complex will also have a 34-storey residential tower (115m high) and 36-storey hotel (150m high), and the stadium roof will be designed to allow the hotel guests to enjoy the game from the above.

According to Nishinippon Sports, Akito Takata, the president of Japanet Holdings, said: “We will basically take the risk ourselves, and cover the cost of this redevelopment project with the possibility of some borrowings in mind. Hopefully, the complex will be something of which the people of Nagasaki can be proud.”

The club house and training facilities in the neighbouring city of Isahaya will continue to be used by the J1 club.

Images: Japanet Holdings