INTERNATIONAL BUSINESS

Trilateral Global Development System: United States, United Kingdom, Asia

Until now, the Company's overseas operations have entailed real estate leasing and development projects in the United States and in London in the United Kingdom. Taking the opportunities afforded following the establishment of Mitsubishi Estate Asia Pte. Ltd. (Singapore) and the opening of its Shanghai Representative Office, the Company is proactively engaged in real estate development in Asia and advancing global development through a trilateral system comprising the United States, the United Kingdom and Asia.

Accelerating Leasing and Development Operations in the United States, the United Kingdom and Asia

In the United States, Mitsubishi Estate owns large-scale office buildings, including the McGraw-Hill Building and the Time-Life Building in Manhattan, New York City. In 2011, the Company acquired two office buildings, 1101 K Street and 1100 First Street, in Washington D.C. In addition, the Company is currently undertaking approximately 30 development projects in 10 states, including distribution facilities and homes.

Mitsubishi Estate is also aggressively expanding its U.K. development business in London, which is centered on the Paternoster Square Redevelopment Project, the Bow Bells House Redevelopment Project and the Central St. Giles Redevelopment Project. In 2011, we acquired two office buildings, 150 Leadenhall Street and 6-8 Bishopsgate.

In Asia, the Company established Mitsubishi Estate Asia Pte. Ltd. (Singapore) in 2008 and is taking the opportunity afforded by the opening of its Shanghai Representative Office in 2011 to accelerate its business development. Commencing its participation in a condominium development project in Vietnam in 2010, the Company has since the beginning of 2011 decided to take part in condominium and office development projects in Singapore, as well as multipurpose home and shopping center developments in China and large-scale residential development projects in Shanghai.

Leveraging its track record at home and overseas, the Company will develop its real estate business on a global basis in the years to come.

Picture: The McGraw-Hill Building in New York

New York/1221 Avenue of the Americas
With 51 floors above ground and five floors below ground, the McGraw-Hill building boasts total floor space of approximately 237.000m² located on Manhattan. New York. This office building was completed on March 1972. Mitsubishi Estate first acquired an lnterest in the building in April 1990.

Picture: Central St. Giles in London

London/Central St. Giles
A joint redevelopment project with Legal & General, a major U.K. life insurance company, this complex covers a total floor area of 66,000m² and comprises offices, retail shops and residences. Construction was completed in April 2010.

Picture: Shanghai/Condominium Development

Shanghai/Condominium Development
A joint venture project with Marubeni Corporation, Mitsui Fudosan Residential Co., Ltd. and Shanghai House Property Development Co., Ltd., this new town project covers a site area of approximately 85,000m², a total floor area of approximately 153,000m² and around 1,600 residences. The project is scheduled for completion in 2015.

Picture: Singapore/Office Development(CapitaGreen)

Singapore/Office Development
(CapitaGreen)
A joint venture project with CapitaLand Group, this project covers a site area of approximately 5,500m² and a total floor area of approximately 82,000m². The project is scheduled for completion in 2014.

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