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®.
Progress on the Long-Term Management Plan 2030
GOTEMBA PREMIUM OUTLETS®, the first of our PREMIUM OUTLETS®, evolved into the largest shopping resort in Japan* among outlet malls through the opening of a new area in July 2020 and the renovation of existing areas.
Meanwhile, RINKU PREMIUM OUTLETS® became the largest outlet center in western Japan* following the opening
of a new area in August 2020 that offers views of Osaka Bay. We will continue to pursue the creation of shopping
resorts that earn customers’ support while aiming to operate facilities that contribute to regional development.
* In terms of store floor area (Mitsubishi Estate data)