| TYO: 8802 |
TOPIX Core 30 Component
|Predecessor||Mitsubishi Goshi Kaisha|
|Founded||May 7, 1937|
6-1, Otemachi 1-chome
Mitsubishi Estate Co., Ltd. (三菱地所株式会社, Mitsubishi Jisho Kabushiki-gaisha, MEC) is one of the largest real-estate developers in Japan and is involved in property management and architecture research and design.
As of 2018, Mitsubishi Estate has the most valuable portfolio in the Japanese real estate industry, with a total value of approx. 7.4 trillion yen, much of which is located in the Marunouchi district of Tokyo.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.
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 Daimaruyū area (Ōtemachi, Marunouchi and Yūrakuchō districts) west of Tokyo and Yūrakuchō Stations, 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, MUFG Bank, Mitsubishi UFJ Trust & Banking, Mitsubishi Heavy Industries, 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 Umekita area north of Osaka and Umeda Stations 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.
In 2019, Mitsubishi Estate announced a commitment of 10 billion yen in investments as part of their initiative to discover new business projects and to develop synergy with innovative businesses.
The Mitsubishi Group is a group of autonomous Japanese multinational companies in a variety of industries.
Marunouchi (丸の内) is a commercial district of Tokyo located in Chiyoda between Tokyo Station and the Imperial Palace. The name, meaning "inside the circle", derives from its location within the palace's outer moat. It is also Tokyo's financial district and the country's three largest banks are headquartered there.
Mitsubishi Corporation is Japan's largest trading company and a member of the Mitsubishi keiretsu. As of 2020, Mitsubishi Corporation employs over 86,000 people and has ten business segments, including finance, banking, energy, machinery, chemicals, and food.
Sumitomo Corporation is one of the largest worldwide Sogo shosha general trading companies, and is a diversified corporation. The company was incorporated in 1919 and is a member company of the Sumitomo Group.
Mitsubishi Tanabe Pharma Corporation is a Japanese pharmaceuticals company, a subsidiary of Mitsubishi Chemical Holdings Corporation. Mitsubishi Pharma Corporation was formed in 2001 from the merger of Mitsubishi-Tokyo Pharmaceuticals and Welfide Corporation. On October 1, 2007 Tanabe Seiyaku Co., Ltd. merged with Mitsubishi Pharma to form Mitsubishi Tanabe Pharma.
Tokio Marine & Nichido Fire Insurance Co., Ltd., commonly called Tokio Marine Nichido, is a property/casualty insurance subsidiary of Tokio Marine Holdings, the largest non-mutual private insurance group in Japan. Tokio Marine Holdings was formerly known as Millea Group, which underwent a name change in July 2008. Its headquarters are in Marunouchi, Chiyoda, Tokyo.
Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.
MUFG Bank, Ltd. is the largest bank in Japan. It was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of the three so-called Japanese "megabanks". As such, it is considered a systemically important bank by the Financial Stability Board.
The Sanwa Bank, Limited was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It merged with Tokai Bank to form UFJ Bank. In the 1990s, it was the most profitable bank in the world, and second-largest in terms of assets behind its eventual merger partner Tokyo-Mitsubishi.
Mitsubishi UFJ Securities Co., Ltd. is the investment banking arm of the Mitsubishi UFJ Financial Group (MUFG), a financial services company which is the largest in Japan measured by assets. The company's headquarters are in Tokyo, Japan.
Ōtemachi (大手町) is a district of Chiyoda, Tokyo, Japan. It is located north of Tokyo Station and Marunouchi, east of the Imperial Palace, west of Nihonbashi and south of Kanda. It is the location of the former site of the village of Shibazaki, the most ancient part of Tokyo.
Sumitomo Realty & Development Co., Ltd. is a Japanese real estate development company headquartered in Shinjuku, Tokyo. It is a member of the Sumitomo Group.
Sogo shosha are Japanese companies that trade in a wide range of products and materials. In addition to acting as intermediaries, sōgō shōsha also engage in logistics, plant development and other services, as well as international resource exploration. Unlike trading companies in other countries, which are generally specialized in certain types of products, sōgō shōsha have extremely diversified business lines, in which respect the business model is unique to Japan.
Mitsubishi Research Institute, Inc., often called MRI, was established at the centennial anniversary of Japan's Mitsubishi Group in 1970, invested by the various companies of the group, and is a Think tank, representative of Japan. It is the consulting firm of Mitsubishi Group and now employs about 900 people.
The Mitsubishi Ichigokan Museum, Tokyo is an art museum in Tokyo's Marunouchi district.
Mitsubishi Logistics, Inc. is a logistics company with its headquarters in Shinkawa, Chuo-ku, Tokyo. It is a member of the Mitsubishi group and a participant of Mitsubishi Kinyokai and Mitsubishi Public Affairs Committee.
The Tokyo Building is an office building located in Tokyo, Japan.
Chiyoda is a special ward located in central Tokyo, Japan. It is known as Chiyoda City in English.
Tokyo Torch is a large-scale redevelopment district near Tokyo Station in Tokyo, Japan. It will consist of two skyscrapers:
|Wikimedia Commons has media related to Mitsubishi Estate .|