Native name 三菱地所株式会社 Industry Real estate Founded 7 May 1937 | Type Public KK CEO Hirotaka Sugiyama (2011–) Predecessor Mitsubishi Group | |
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Traded as TYO: 8802
TOPIX Core 30 Component Area served Japan
China
Vietnam
Singapore
United Kingdom
United States
Malaysia
Indonesia Key people Keiji Kimura (Chairman)
Hirotaka Sugiyama (President) Stock price 8802 (TYO) JP¥ 2,190 -28.50 (-1.28%)14 Mar, 3:00 PM GMT+9 - Disclaimer Headquarters Chiyoda, Tokyo, Tokyo, Japan Subsidiaries Mitsubishi Jisho Residence Co., Ltd. | ||
Mitsubishi estate www publicidadjapon com
Mitsubishi Estate Co., Ltd. (三菱地所株式会社, Mitsubishi Jisho Kabushiki-gaisha, MEC) is Japan's second-largest real-estate developer (after Mitsui Fudosan) and is involved in property management and architecture research and design. MEC owns Japan's second tallest building, the Yokohama Landmark Tower, as well as the Sanno Park Tower and Marunouchi Building in Tokyo. Mitsubishi Estate has its headquarters in the Otemachi Building in Ōtemachi, Chiyoda, Tokyo. It is one of the core Mitsubishi companies.
Contents
Skyvue bishan by capitaland mitsubishi estate
History
The company was established in 1937 as a spin-off of the real estate holdings of the Mitsubishi zaibatsu. It was listed on the Tokyo and Osaka stock exchanges in 1953.
Its largest concentration of assets is around the Marunouchi and Otemachi districts west of Tokyo Station, an area purchased by the zaibatsu from the Meiji government in 1890 and developed into an office district. Today, the area houses the headquarters of Mitsubishi Corporation, Mitsubishi UFJ Financial Group, The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi Electric, Meiji Yasuda Life, Nippon Yusen and other Mitsubishi group companies, as well as numerous other firms not affiliated with the group.
In 1990 Mitsubishi Estate fully bought out Rockefeller Group in New York City, the real estate company that then fully owned Rockefeller Center. Since then the older section of the Center has been sold and the Rockefeller Group, still owned by Mitsubishi, owns the western corridor of the complex.
Mitsubishi Estate led the redevelopment of the Osaka Station area between 2010 and 2013, including the Grand Front Osaka complex.
Mitsubishi Estate stated in November 2014 that it had agreed to sell a 41-year-old office building in Tokyo back to Mizuho Financial Group for $1.35 billion.
In 2015, Mitsubishi announced that it would hold a majority stake in a redevelopment project north of Tokyo Station that would include the tallest building in Japan, a 1,279-foot skyscraper. The targeted completion date for the project is 2027.