MarketMitsubishi Estate
Company Profile

Mitsubishi Estate

Mitsubishi Estate Company, Limited is one of the largest real estate developers in Japan and is involved in property management and architecture research and design.

History
, which was completed in 2002 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. 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 skyscraper. The targeted completion date for the project is 2027. == Investments ==
Investments
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. • Mitsubishi Estate participated in the Series D round of funding for Astroscale, a Singapore-headquartered space debris removal startup with offices in Japan and the UK. The round was led by Japan's INCJ Ltd., and included funds operated by SBI Investment Co., Ltd (SBII) and totaled US$50 million. • In May 2019, Singapore-based proptech startup GorillaSpace announced that it had raised an undisclosed seed round of investment led by Mitsubishi Estate. This investment marked the first seed level investment for Mitsubishi Estate, as well as the first proptech startup outside of Japan to receive funding from the company. • Mitsubishi Estate announced on 28 January 2019, that it has accepted new shares issued by Clean Planet Inc. Clean Planet (Minato-ku, Tokyo) is a venture firm that researches and develops "new hydrogen energy". ==Group companies==
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