Mitsubishi Corporation Takes on Brand New Venture Renovating and Developing Large-Scale Industrial Facilities
2017年9月13日 - 11:56AM
JCN Newswire (英)
Mitsubishi Corporation (MC) and its wholly owned subsidiary
Mitsubishi Corporation Urban Development (MCUD) are pleased to
announce their joint entry into a new business segment focused on
the renovation and development of large-scale industrial facilities
for leasing. MCUD's recent acquisition and development of two
facilities located in Ichikawa City in Chiba Prefecture, Japan
signaled their first move. The facilities were primarily used as
temperature controlled warehouses and processing centers which,
upon renovation, are leased to companies engaged in operations that
need such facilities. The total cost for developing the two
facilities (including investments tenants made in equipment and
internal structures as required for their operations) is around 10
billion yen. Projects involving the development of large-scale
industrial facilities for specific purposes such as temperature
controlled warehouses and processing centers is a first for MC and
also a unique business proposition within the real estate
industry.
MCUD was able to acquire the first facility, an old industrial
complex that was constructed more than 25 years ago, although the
owner at the time was initially reluctant, and managed to upgrade
the equipment and renovate the complex without interrupting the
tenant's operations, while ultimately facilitating improved
operational efficiency and reducing operational costs. The second
facility was only over 15 years old, but came with less flexibility
in term of layout. However, MCUD was able to successfully attract a
new tenant by making major interior and layout changes that would
cater adequately to the tenant's needs after renovation.
Operational facilities run by companies from a range of industries
currently account for around 430 trillion yen, or 20%, of Japan's
2.52 quadrillion yen domestic real estate market(1). However, an
increasing number of these companies are turning to a corporate
real estate (CRE) management strategy due to changes in the
business environment such as the spread of ROA/ROE based
management, and basic restructuring needs caused by industry
consolidation and streamlining of operations.
MC and MCUD are seeking to actively support the CRE strategies of
companies who need these kinds of facilities for their operations
with the aim of providing optimal solutions to the challenges they
faced in the owning or leasing of real estate. MC is in a
particularly good position to provide this kind of support by
drawing on its broad networks across a variety of industries,
project management skills, expertise in construction and
engineering, and real estate consultation capabilities. MC has in
the past completed real estate development projects for a wide
range of assets including retail facilities, logistics facilities,
and condominiums. MC intends to further expand its real estate
business by providing support for the CRE strategies of other
companies as one of its core businesses, while leveraging its
strengths as a global integrated business enterprise.
(1) Referred by "Action Plans for the Real Estate Investment's
Market Growth" by MLIT June 21, 2017
Outline of the Renovated Facilities
http://www.acnnewswire.com/topimg/Low_MitsubishiRenovatedFacilities.jpg
Scheme Outline
http://www.acnnewswire.com/topimg/Low_Mitsubishi91317Project1.jpg
Project 1 (Leasing Continued by Original Tenant)
http://www.acnnewswire.com/topimg/Low_Mitsubishi91317Project2.jpg
Project 2 (Renovation for New Tenant)
About Mitsubishi Corporation
Mitsubishi Corporation (MC; TSE:8058) is a global integrated
business enterprise that develops and operates businesses across
virtually every industry including industrial finance, energy,
metals, machinery, chemicals, foods, and environmental business.
MC's current activities are expanding far beyond its traditional
trading operations as its diverse business ranges from natural
resources development to investment in retail business,
infrastructure, financial products and manufacturing of industrial
goods. With over 200 bases of operations in approximately 80
countries worldwide and a network of over 500 group companies, MC
employs a multinational workforce of nearly 60,000 people. For more
information, please visit www.mitsubishicorp.com.
Source: Mitsubishi Corporation
Contact:
Mitsubishi Corporation
Telephone: +81 3 3210 2171
Facsimile: +81 3 5252 7705
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