OFFICE BUILDING BUSINESS

Overview

The Office Building Business, Mitsubishi Estate’s core business, engages in the development, leasing, and property management of office buildings with state-of-the-art functions, mainly in major Japanese cities centering on the Marunouchi area. Our businesses involve three types of earnings models: our property development and leasing business, in which we ourselves develop office buildings and receive rental revenue from them; our capital-recycling business, in which we generate capital gains on the sale of properties we have developed; and our non-asset businesses, which center on office building operations and management. Through building development and operations, we are promoting urban development to increase the attractiveness of the entire surrounding area.

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Competitive Advantages

  • Ownership of about 30 office buildings in the Marunouchi area, a leading business area in Japan with one of the world's greatest concentrations of companies.
  • Redevelopment in Marunouchi not requiring new land acquisition is largely unaffected by fluctuations in the real estate investment market, thus enabling stable and continuous redevelopment.
  • Development know-how and a track record cultivated through continuous urban development in the Marunouchi area for more than 100 years.
  • Tenant relationships and information networks built through the Group’s wide-ranging businesses, including development in the Marunouchi area.
  • Relationships with the central and local governments built through public and private sector cooperation in urban development.
  • Urban development and area management with advanced disaster-management functions centering on the Marunouchi area.
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Business Strategies

Marunouchi Area

  • Generally, redevelopment enables rental revenue to be increased by expanding building floor space and raising rents per square meter. In the Marunouchi area, we aim to promote continuous redevelopment that raises value through individual redevelopment projects as well as by realizing synergies across the whole area.
  • Positioning urban development from 2020 onward as part of the Marunouchi NEXT Stage, we will establish a co-creation platform for innovation through companies, employees, and visitors.

Main Office Areas in Japan

  • We aim to strengthen our development pipeline by using the know-how we have accumulated through redevelopment in the Marunouchi and other areas.

Non-Asset Businesses and Others

  • We intend to expand and strengthen non-asset businesses, including property management and master leases, and businesses that utilize existing stock, such as through the renovation of aged buildings.
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Long-Term Management Plan 2030 Priority Strategy—
The Marunouchi NEXT Stage

 Overview

Long-Term Management Plan 2030 positions urban development in the Otemachi, Marunouchi, and Yurakucho areas from 2020 onward as part of the Marunouchi NEXT Stage. To that end, the Office Building Business, our primary business, will carry out improvements with a focus on the Yurakucho and Tokiwabashi areas while promoting urban development that not only helps improve people’s quality of life but also spurs the discovery of and solutions to social issues through the emergence of innovation, in addition to strengthening our digital foundations, based on the theme of Marunouchi Re-design.

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 Key Areas and Pipelines

In the Marunouchi area, the Tokyo Tokiwabashi Project, a large-scale mixed-use redevelopment boasting the largest site area in the vicinity of Tokyo Station, is well underway. In addition to the recently begun construction of the 210 meter-tall Tokiwabashi Building A, we are moving ahead diligently with construction of Tokiwabashi Building B, which stands at 390 meters and is set to become a new Tokyo landmark. Meanwhile, besides the Marunouchi 1-3 Project, the Tokyo Tokiwabashi Project, and the Uchikanda 1-chome Project, we are promoting the reconstruction and renovation of several aged buildings owned in the Yurakucho area.

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CORPORATE INFORMATION

  • A MESSAGE FROM THE MANAGEMENT
  • ABOUT MITSUBISHI ESTATE
  • PROFILE OF MITSUBISHI ESTATE
  • CORPORATE BRAND
  • SAFETY AND SECURITY
  • CORPORATE GOVERNANCE
  • GROUP COMPANIES