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.
Long-Term Management Plan 2030 Priority Strategy—
The Marunouchi NEXT Stage
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.
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.