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.
Furthermore, 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.
Basic Strategies for Each Area
* 8 Bishopsgate, London, and 60–72 Upper Ground, London
Progress on the Long-Term Management Plan 2030
On May 7, 2021, we announced our first participation in a data center business in the United States. TA Realty LLC, a Group company, is promoting the development of this project at a total cost of ¥200.0 billion to construct a campus of seven data centers (two of which the Company plans to invest in on a joint basis) in northern Virginia, where data centers are concentrated. We anticipate that global demand for data centers will increase continuously and will proactively enter this kind of outstanding investment opportunity as we move forward.
Rendering of the completed data centers
Note: Actual buildings may differ from the above rendering as we are planning a build-to-suit development.
In Europe, we are leveraging the know-how of Europa Capital LLP, a Group company, to promote a rental housing business in London and to acquire development opportunities in various locations in Europe, such as Barcelona and Stockholm.
We are also acquiring new development opportunities in Asia and Oceania, most notably a condominium business in Australia. Meanwhile, development projects that we have promoted in various locations are scheduled for completion one after another from FY2021 onward.
(Europe)
(Asia and Oceania)
Sustainability Initiative
At The Green at Florham Park, a large-scale, mixed-use project combining offices, residential housing, and a hotel that it is working on in cooperation with its joint venture partners in the city of Florham Park, New Jersey, Rockefeller Group International, Inc. (RGII), has developed 62 units (completed in October 2020) for people with developmental disabilities.
As places where those with developmental disabilities can enjoy vibrant lives were lacking in this area, RGII developed these units to provide support for the creation of employment opportunities and the promotion of leisure activities. There is considerable social significance to providing living space and community-building opportunities for people with developmental disabilities in this kind of large-scale development project, which serves as a case study of a private developer shouldering a public role through urban development. As a result of these efforts, those in the supportive housing units are able to lead vibrant lives while enjoying their new living environment as members of the community.
View of The Green at Florham Park
