INTERNATIONAL BUSINESS

Overview

The Mitsubishi Estate Group’s International Business began with the establishment of a company in the United States in the early 1970s. Its geographical coverage has since expanded to include the United Kingdom, mainland Europe, and Asia and Oceania. We have been strengthening our portfolio with both management properties predicated on returns from rental fees and properties for sale premised on raising their value under a capital recycling business model. We are promoting business expansion with respect to the real estate trading rules and business customs of each country. We seek to apply optimal business models for each market based on macroeconomic data and analysis of capital and real estate markets to identify the right time to enter.

Overview

Revenue from Operations,Operating Income / Operating Income Ratio

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Competitive Advantages

United States

  • The sourcing power of Rockefeller Group International, Inc. (RGI), and its development know-how and track record, as well as the name recognition it brings.
  • TA Realty’s networks and track record in raising the value of properties.

Europe

  • The sourcing power based on business achievements over a long period.
  • The establishment of development teams and operational effectiveness.
  • Europa Capital’s networks and track record in raising the value of properties.

Asia and Oceania

  • Development know-how gained in the business in Japan.
  • Acclaim the Group has won for its track record in Japan among businesses in leading cities in Asia excluding those in Japan.
  • Relationships with leading local partners.
  • The networks Pan Asia Realty Advisors (PA Realty) has established together with CLSA Real Estate Partners (CLSARE), which handles the real estate fund management business in Asia and Oceania.
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Business Strategies

United States

  • We are pursuing hands-on development centering on RGI.
  • We aim to promote rental business based on two flagship office buildings owned in Manhattan and the development of properties in the United States under our capital recycling business model.
  • We intend to strengthen investment with the Hybrid Investment Model* utilizing TA Realty’s resources.

Europe

  • We aim to develop business particularly in markets where different functions are handled by separate professional enterprises as an asset manager responsible for overseeing all aspects of projects.
  • We intend to expand our portfolio by acquiring properties with a view to redevelopment, centering on management properties in the Office Building Business.
  • We aim to strengthen investment with the Hybrid Investment Model* utilizing Europa Capital’s resources.

Asia and Oceania

  • We are expanding and diversifying our investment and development business jointly with leading local partners.
  • In countries and regions where high and stable growth can be expected, we are focusing on asset types–and particularly properties for sale–that are likely to see strong demand given the particular characteristics of different areas.
  • We aim to expand investment with our Hybrid Investment Model* through PA Realty, our joint venture with CLSARE.

* Hybrid Investment Model: Funds structured by Group companies that combine Mitsubishi Estate’s and third-party equity.

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TOPICS

United States

The Rockefeller Group (RGI), a U.S.-based wholly owned subsidiary of the Company specializing in real estate development and operation, completed construction of the Optimus Logistics Center, a two-tower logistics facility, in California in September 2018. Large-scale renovation of 1271 Avenue of the Americas, a major office building in Manhattan’s Midtown area owned by RGI, is also on course to be completed by its scheduled completion date of December 2019.

Europe

In March 2019, the 8 Bishopsgate project (tentative name) broke ground in London, the U.K. The new 51-story high-rise office building will replace the two existing office towers, 6—8 Bishopsgate and 150 Leadenhall Street, and offer approximately 2.8 times more leasable floor space than the two existing towers combined.

Asia and Oceania

In May 2019, Mitsubishi Estate entered into a strategic partnership agreement with China Vanke Co., Ltd., a leading urban and rural development and living services provider in China, for a real estate development project in the Yangtze River Delta of East China. Taking advantage of Mitsubishi Estate’s development know-how regarding office buildings, retail properties, and various other facilities and Vanke’s expertise in project development in China, we will leverage these strengths toward the growth of this project. Further, we participated in Phase 3 development of the Singapore-Hangzhou Science & Technology Park (SHSTP), a large-scale complex office building development project conducted by the Ascendas-Singbridge Group in Hangzhou, China. The project broke ground in March 2019.

Picture: Optimus Logistics Center

Optimus Logistics Center

Picture: CG rendering of SHSTP Phase 3 after completion

CG rendering of SHSTP Phase 3 after completion

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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