* Corporate real estate (CRE): Real estate held or used by a business enterprise or organization for its own operational purposes. In recent years, there has been growing interest in using CRE strategically to contribute to increasing corporate value.
Integration of Mitsubishi Real Estate Services’ Parking Lot-Related Business into a Subsidiary
Effective April 1, 2020, Mitsubishi Real Estate Services Co., Ltd., executed a company split of its parking lot-related business and integrated it into its subsidiary Parking Management Organization, Ltd. (PMO). Concurrent with the integration, we changed PMO’s name to Mitsubishi Estate Parks Co., Ltd., merged the coin-parking business that had previously been operated by Mitsubishi Real Estate Services with PMO’s facility parking-lot business, and began sales. Going forward, we will target net sales of ¥16.0 billion and parking lots under management numbering 80,000 in 2025, five years after integration, as we aim to achieve further growth in the parking-lot business by expanding areas of operation centered on the bases of various Mitsubishi Estate Group companies and on the provision of efficient facility operation and management leveraging cutting-edge technologies.
