Business Introduction

Originally positioned as a new business of Mitsubishi Estate, the Airport Business started full-scale in 2018. Currently, we are involved in the operation of Takamatsu Airport, Miyako Shimojishima Airport Terminal, Mt.Fuji Shizuoka Airport, and 7 airports in Hokkaido. We are contributing to the revitalization of the airport and the surrounding area by expanding the domestic and international exchange population by utilizing the abundant resources, characteristics and potential of each land and using the know-how of the Mitsubishi Estate Group that has been accumulated over many years.

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The field of airport concessions in Japan is still in its infancy. Even within the Mitsubishi Estate Group, we did not have know-how in the Airport Business. However, the Airport Business was an area in which the Mitsubishi Estate Group could make use of the various know-how it had accumulated over many years. Currently, as a new form of real estate, we are involved in 10 airports nationwide while actively developing measures from both hard and soft aspects and building close relationships with local governments.

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It is now time for Mitsubishi Estate Group to grow this new business. In order to realize our contribution to the local community, it will be essential not only to operate airports and attract new routes, but also to develop the tourism industry and sustainably expand the number of people interacting with the airport. We are exploring new potential uses for airports through group synergies, as well as acquiring and developing hotels, holding events at terminals and in Marunouchi, and developing tourism resources and creating a lively local community. As private sector projects to operate airports continue to be carried out in Japan, we will continue to take on the challenge of increasing the value of local communities through our efforts to create airports that are loved by the local region.

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Since the establishment of Mitsubishi Estate New York in 1972, the Mitsubishi Estate Mitsubishi Estate Group has utilized the know-how, network, and achievements that the entire group has cultivated over many years to promote development in various locations in the United States, Europe, Asia, and Oceania. In the Mitsubishi Estate Group's "Long-term Management Plan 2030," we are aiming to strengthen our development business, especially in Asia. Currently, in the Asia/Oceania region, in addition to China and Taiwan, we are also developing Indonesia, Vietnam, Thailand, and Australia. We are actively promoting our business by establishing bases rooted in each country and region.

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In Indonesia, since 2016, we have developed a large-scale office “Trinity Tower” jointly with local companies such as The Gesit Companies and Santini Group in central Jakarta. This project leveraged the comprehensive strengths of the Mitsubishi Estate Group, with Mitsubishi Jisho Sekkei undertaking basic Mitsubishi Jisho Design work and Mitsubishi Jisho Property Management undertaking advisory work. In addition, acquired a portion of the shares of the company that owns the JS Luwansa Hotel, a hotel near the Trinity Tower. We anticipate a synergistic effect with the office, such as improving the convenience of accommodation for business travelers and MICE use, and are gradually starting to increase the value of the hotel's hardware and software aspects to further improve convenience.

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Oasis Central Sudirman, the largest redevelopment project in Jakarta, the capital of Jakarta, in collaboration with local partners, a condominium serviced apartment and hotel development project that provides services rooted in the spirit of Japanese hospitality, and Indonesia's first large-scale luxury outlet. We are participating in the mall business "The Grand Outlet - East Jakarta". In Indonesia, where Mitsubishi Estate Group to long-term economic growth is expected, we will of course strengthen relationships with local partners and further increase our presence. Utilizing our development know-how and diverse networks, we will continue to grow and take on challenges throughout our International Business.

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Mitsubishi Estate conducts demonstration experiments in various cities in collaboration with the public and private sectors to create the foundation for smart city in Japan. In Marunouchi, we are conducting demonstration experiments in real urban spaces, such as "Marunouchi Street Park" to measure visitor behavior and the effects of environmental improvements, area disaster prevention, use of robots, and stress-free transportation support, in order to transform the area from "a town where workers spend 8 hours a day" to "a town where diverse workers interact in an optimal time". A city where people can spend their time actively. A town that is comfortable and coexists in harmony with the environment. We will realize such a smart city from Marunouchi.

OMY Smart City

Smart city initiatives are not limited to Marunouchi area. Izumi Park Town, where Mitsubishi Estate has been involved in town development for over 40 years, was selected as a model project by the Ministry of Land, Infrastructure, Transport and Tourism in 2019. To solve social issues in suburban residential complexes, we are working with the city of Sendai, partner companies, and the resident-led town management organization (Izumi Park Town LID) to introduce advanced technologies and conduct demonstration experiments to establish a town management system. Aiming to create a circular society, we currently provide local mobility services in collaboration with "Community City OS," and energy-saving services.

Izumi Park Town

The Umekita Project is a large-scale mixed-use development project on the site of a former cargo yard in front of Osaka Station. Following the advanced development area where Grand Front Osaka opened in 2013, Umekita 2nd Project "Grand Green Osaka" is an advanced, future and We are promoting general-purpose smart city measures. While utilizing technology, trialing various ideas and corporate activities, and providing activities centered on "urban parks", urban spaces brimming with vitality fused with "green" and places where various people can challenge new activities. We will create a system and aim to create a dynamic and creative life model “Osaka MIDORI LIFE”.

Umekita phase 2 Development Project “Grand Green Osaka”

Mitsubishi Estate Group aims to create sustainable communities that are friendly to both people and environment by actively utilizing domestic timber in mid- and high-rise buildings. About two-thirds of Japan's land area is covered by forests, but half of these forests are over 50 years old when they are generally harvested. If forests are not logged and planted at the appropriate time, they will fall into disrepair, which may lead to landslides and other disasters. To solve this problem, we have been promoting the use of CLT lumber* and other wood materials in projects such as CLT PARK HARUMI in order to properly recycle resources. *Large panels made of lumber milled into boards and glued together so that the fiber direction is orthogonal to each other. A new structural material.

CLT PARK HARUMI wins "Wood Design Award 2020"

With the aim of realizing a society that further utilizes wood, MEC Industry was established to handle everything from production and manufacturing to distribution, construction, and sales of architectural wood. The company was established with the investment of seven companies engaged in wood utilization, and has leveraged the strengths of each company to establish a business model that controls intermediate costs and an integrated flow from manufacturing to sales. The high cost of construction work has been an issue, but controlling intermediate costs and establishing efficient construction methods will make it possible to reduce overall business costs.
In May 2022, a full-scale factory began operations in Kagoshima Prefecture, and a system to promote the business is in place.

MEC Industry Co., Ltd.

MEC Industry is working on various projects to promote the use of domestic timber, starting with new building materials such as MI Deck, a formwork material that integrates rebar and wood, which can be used as a finishing material to turn the ceiling into a wooden structure, and MOKUWELL HOUSE, which realizes high-quality construction in a short period of time by assembling parts manufactured in its own factory on-site.In addition, Mitsubishi Estate Group as a whole is working on a collaborative working group consisting of five companies: MEC Industry, Mitsubishi Estate, Mitsubishi Estate Home, Mitsubishi Jisho Design, and Mitsubishi Estate Wood Build, and will continue to work on the use of domestic timber in various aspects of urban development.

MEC Industry Co., Ltd.