Related Initiatives

Tenjin 1-7 Project (Tentative Name) Commencing Construction Work on a Redevelopment Project on the Former Site of IMS: Toward the Advent of a New Landmark in Tenjin, Fukuoka

In May 2024, Mitsubishi Estate commenced construction work on the Tenjin 1-7 Project (tentative name) in Fukuoka, Fukuoka Prefecture. The redevelopment project is for a multipurpose building comprising office space, a hotel, and retail properties to be developed on the former site of the Inter Media Station (IMS) building, which was Mitsubishi Estate’s first urban retail property. In addition to its retail functions, IMS (predecessor of the project) transmitted information and culture through functions including a hall and gallery. The project has adopted a development concept entitled “Fukuoka’s Cultural Ecosystem: Continuing to Co-Create the New Culture of Fukuoka,” with the aim of creating a new cultural interchange hub that reflects the diversification of people’s values and lifestyles while carrying on IMS’s distinctive role as a base for transmitting and receiving information. By arranging wood panels organically according to geometric calculations on the building’s exterior, we have ensured that the new building will help reduce CO2 emissions, including a reduction in solar heat of approximately 40%, while combining a sophisticated design with comfort through insulation. Mitsubishi Estate will contribute to urban development that produces an exuberant culture by continuing to realize diverse lifestyles for the people of Fukuoka and Tenjin through value creation based on cooperation with a variety of partners and the creation of spaces that seamlessly connect people’s activities and exude excitement.

Rendering of exterior (west side)

Concept illustration

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Expansion of Logistics Facilities in Japan and Overseas: Helping Address Social Issues by Providing High-Performance Logistics Facilities

Since entering the logistics facility development business in 2012, Mitsubishi Estate has pursued the development of logistics facilities required for the coming era by promoting the Logicross brand under the development concept of safety, comfort, functionality, and flexibility. In 2024, the Company launched a development project for a next-generation core logistics facility in Sendai, Miyagi Prefecture, its first in the Tohoku area. Through the project, we will create a next-generation logistics facility that accommodates automated trucks and other forms of mobility by establishing a dedicated ramp connected directly to an expressway interchange and address intensifying labor shortages by building a logistics network with high delivery efficiency. Scheduled for operation in the first half of the 2030s, the facility is our second core logistics project, following on from the Kyoto Joyo Core Logistics Facility (tentative name), which is currently under construction as the first logistics facility in Japan to accommodate next-generation mobility. We aim to continue expanding the logistics facility development business going forward. Meanwhile, in 2025 we will open Logicross Nam Thuan and Logicross Hai Phong in Vietnam, marking the first overseas expansion of the Logicross series. In Vietnam, which is experiencing rapid economic growth, we will underpin the rapidly increasing logistics demand through the provision of high-performance logistics facilities that draw on insights gained in Japan while contributing to the sustained development of local supply chains by adopting a biophilic design approach that incorporates the well-being of facility workers. Mitsubishi Estate will continue to address global issues, including the rebuilding of supply chains and the promotion of decarbonization, through the provision of high-performance logistics facilities in Japan and overseas.

Image of a next-generation core logistics facility

Logicross Nam Thuan

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Utilizing the Site Before Construction of New Buildings to Create a “Space Where Urban Evolution Can Be Experienced”
Japanese Culture Hub YURAKUCHO PARK

Under the concept of “Marunouchi as a Single Integrated Workplace,” a program that supports area-wide initiatives difficult for companies to achieve by themselves, Mitsubishi Estate is promoting integrated area-wide value enhancement through rebuilding and renewal projects in the Marunouchi area. As a key initiative under this approach, Mitsubishi Estate plans to open YURAKUCHO PARK in the second half of fiscal 2026 as an open space utilizing the site of the former Yurakucho Building and Shin-Yurakucho Building in front of Yurakucho Station (approximately 10,000 square meters). The aim is to provide an urban space that will communicate Japanese culture to the world as a “space where urban evolution can be experienced” during the interim period leading up to the next phase of urban development.
Mitsubishi Estate plans to co-host JAPA VALLEY TOKYO, a new project by NOT A HOTEL Inc., on the site in 2027. The project will be the first art, commercial, and hospitality mixed-use space produced by internationally-renowned creatives Pharrell Williams and NIGO® and will transform the urban space of Yurakucho, which has been developed with a focus on art, into a stage for the international dissemination of Japanese culture.
Going forward, Mitsubishi Estate will continue to meet the challenge of further enhancing the appeal of the entire area and work to realize sustainable urban development.

JAPA VALLEY TOKYO

Bird’s-eye rendering of YURAKUCHO PARK

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