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Environment

Promoting Acquisition of Environmental Real Estate Certifications

Obtaining DBJ Green Building/CASBEE Certification

Mitsubishi Estate endeavors to be socially-conscious and environmentally-friendly in its real estate dealings and to proactively communicate its environmental initiatives.

Mitsubishi Estate has earned various industry and governmental certifications including the DBJ Green Building certification* and Comprehensive Assessment System for Built Environment Efficiency (CASBEE) certification. CASBEE is a certification system under the auspices of the Ministry of Land, Infrastructure, Transport and Tourism which ranks and evaluates buildings on various aspects including comfort and environmental performance. Going forward, we will continue to develop valuable real estate and promote them to tenants, investors and other stakeholders in response to increased interest in and expectations of environmentally-conscious buildings.

  • A certification system administered by the Development Bank of Japan (DBJ), under which the DBJ comprehensively evaluates environmentally and socially-conscious real estate properties (green buildings) based on five criteria: the building's environmental performance, the comfort of tenant users, risk management, consideration for the surrounding environment and community, and cooperation with stakeholders. The building then receives certification with one of five rankings (from one star to five stars) based on its score.

Please see the following for more details about the Mitsubishi Estate Group's acquisition of environmental real estate certifications.

ESG Data > 5. Green Building Certification

List of Mitsubishi Estate Group Properties with DBJ Green Building and ABINC Certifications (PDF 581KB)PDF

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Efforts to Acquire Environmental Certification in Overseas Business

The Mitsubishi Estate Group operates globally. Since Mitsubishi Estate New York was established in 1972, we have expanded our real estate development and rental business in the U.S., the U.K. and other European countries, as well as Asia and Oceania, making the most of our track record and wide-ranging network. We are engaged in socially and environmentally conscious urban planning with people in these regions.

Initiatives in the United States

In the U.S., the Mitsubishi Estate Group carries out a wide range of projects, primarily through the Rockefeller Group International (RGI). In addition to owning and running large-scale office buildings in areas including Manhattan in New York, the Group operates a range of development projects around the country, including offices, distribution facilities, and residences. Logistics facilities in particular are expected to expand further due to the dramatic growth of e-commerce within the U.S. over the past few years. It aims to raise the value of real estate with a focus on environmental performance, and therefore works to acquire LEED certification* on both its new development buildings and existing buildings.

  • An environmental certification system administered by the U.S. Green Building Council

Projects earning environmental certification (examples)

  • GOLD

    1221 Avenue of the Americas, New York
    This building was completed in 1972 in Manhattan. Although it was LEED certified in 2009 and awarded a Silver LEED rating in 2014, it was upgraded to a Gold LEED rating in 2019 for improvements made to use water more efficiently and for improvements in interior environmental performance through refurbishment of the lobby.

  • GOLD

    Boro Tower, Virginia
    Boro Tower is a 20-story, 41,000 square-meter office building co-developed with U.S. real estate company The Meridian Group as part of The Boro Project, a large-scale, mixed redevelopment project in Tysons, Virginia in the greater Washington, D.C. region. The building was completed in 2019 following environmentally-friendly plans and was awarded a Gold LEED rating.

Initiatives in Europe

Since the establishment of Mitsubishi Estate London in 1986, the Mitsubishi Estate Group has handled real estate leasing and development projects for office and leasing properties in central London and continental Europe. With an emphasis on the environmental aspects of its properties the Group has earned BREEAM certification* for newly developed buildings as well as buildings already owned.

  • BREEAM is a system for assessing the sustainability of buildings, conducted by the Building Research Establishment.

Projects earning environmental certification (examples)BREEAM

  • Excellent (planned)

    8 Bishopsgate (tentative name), London
    8 Bishopsgate (tentative name) is a high-rise office building in London whose construction began in February 2019, expected to be completed in late 2022. The building is equipped with environment-friendly, sustainable features; for example, the closed double-skin glass fa├žade, which provides good environmental performance and is easy to maintain, and advanced rainwater storage and harvesting systems. The project is expected to earn a BREEAM* "Excellent" rating.

  • Excellent

    Central Saint Giles, London
    A joint redevelopment project with Legal & General, a major UK life insurance company, this complex covers a total floor area of 66,000m2 and comprises offices, retail shops and residences. Construction was completed in April 2010. The project earned a BREEAM "Excellent" rating, the highest possible rating at the time of application.

Initiatives in Asia and Oceania

In Asia, the Group established the subsidiary Mitsubishi Estate Asia Pte. Ltd. in Singapore in 2008, followed by Mitsubishi Estate (Shanghai) Ltd. in China in 2013. The Group opened its Taiwan Representative Office in 2017 and established Mitsubishi Estate Taiwan Ltd. in 2018, PT. Mitsubishi Estate Indonesia and Mitsubishi Estate Vietnam Company Ltd. in 2019. The Group operates in the ASEAN area, including Singapore, Vietnam, Thailand, Malaysia, and the Philippines, and in China, developing office, residential, and retail properties.

Projects earning environmental certification (examples)

  • Daswin Project, Indonesia
    This is an office building project being developed jointly with The Gesit Companies and Santini Group. The project was awarded Best Green Development in the PropertyGuru Indonesia Property Awards 2018 in recognition of its advanced environmentally-friendly initiatives. The project is also expected to be awarded a Gold Green Building rating by the Green Building Council Indonesia (GBCI).

  • CapitaSpring, Singapore
    A joint complex redevelopment project with CapitaLand Group, this project has obtained a Platinum rating for the BCA Green Mark, a green building certification in Singapore, and a Gold PLUS rating for the BCA Universal Design Mark, a certification scheme for outstanding universal design.

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