RETAIL PROPERTIES BUSINESS

Overview

The Retail Facility and Outlet Mall businesses promote the development of various types of retail facilities tailored to the characteristics of locations across Japan. The Mitsubishi Estate Group operates these businesses using a comprehensive system whereby it remains continuously involved from facility planning, development, and tenant leasing through to operation after opening. These businesses are operated through three business formats: urban mixed-use facilities, stand-alone shopping centers, and PREMIUM OUTLETS®.

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Competitive Advantages

  • The top customer-drawing power in Japan of PREMIUM OUTLETS®.
  • Information networks and tenant relationships built through wide-ranging Group businesses, including developments in the Marunouchi area.
  • Extensive development and management know-how gained through a portfolio consisting of three different business formats, business coverage in Japan stretching beyond Tokyo, all the way from Hokkaido to Kyushu, and an extensive tenant network.
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Business Strategies

  • With urban mixed-use buildings, we are aiming to deliver wide-ranging eating and drinking options and shops as well as various service providers to offer better amenities and convenience for office workers while also drawing in people for shopping and tourism.
  • Regarding stand-alone shopping centers, we are developing distinctive facilities tailored to diverse demand based on detailed analyses of the location, local demand characteristics, tourism potential, and discussions with tenants.
  • With outlet malls, we will continue to expand and refurbish existing facilities and develop new ones to offer visitors unique spaces and meet their needs for a fun, one-of-a-kind experience.

Image: Business Strategies

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Completion of GOTEMBA PREMIUM OUTLETS® Phase 4 Expansion

GOTEMBA PREMIUM OUTLETS®, which opened in July 2000 as the first PREMIUM OUTLETS® in Japan, marked its 20th anniversary in 2020 with the completion of phase 4 of its expansion, the first expansion for 12 years. Through the opening of a newly established area and renovation of existing areas, GOTEMBA PREMIUM OUTLETS® has evolved into Japan’s largest shopping resort,* with approximately 290 shops, a hotel, and a hot spring day spa.
We will continue to pursue the development of shopping resorts that earn customers’ support as outdoor shopping venues with an open feel recreating America’s streetscapes and as destinations for savoring a short getaway.

* In terms of store floor area (Mitsubishi Estate data)

Picture: GOTEMBA PREMIUM OUTLETS®

GOTEMBA PREMIUM OUTLETS®

CORPORATE INFORMATION

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