Sustainability of the Mitsubishi Estate Group and Society: Four Key Theme
Related Initiatives (Urban development and services)
Related Initiatives (Urban development and services)
Related Initiatives
Creating New Value in Yurakucho During the Redevelopment Transition
“YURAKUCHO PARK” — A Unique Gathering Place for Diverse Cultures
As part of its concept of “Marunouchi as a Single Integrated Workplace,” which provides and supports initiatives that are difficult for a single company to achieve on its own, the Mitsubishi Estate Group is pursuing “district-wide value enhancement” through the redevelopment and refurbishment of its properties. As a flagship initiative, the Mitsubishi Estate Group plans to open YURAKUCHO PARK in 2027, an open public space on the site of the former Yurakucho Building and Shin-Yurakucho Building (approximately 10,000m2) in front of Yurakucho Station. Centered on experiences that can only be enjoyed in this place at this moment, the project will create an experiential urban destination where diverse cultures from Japan and around the world intersect. This project demonstrates a new model for urban development that constructively makes use of the transition period of redevelopment into a vibrant venue for culture and communication, while enhancing accessibility and vitality of the Otemachi, Marunouchi and Yurakucho (OMY) area, thereby contributing to the sustainable development of a city that will continue to be cherished across generations.
Following its opening, the Mitsubishi Estate Group plans to jointly host JAPA VALLEY TOKYO, a new project by NOT A HOTEL Inc., within YURAKUCHO PARK. Featuring a vibrant environment that brings together art and commerce, created by globally renowned creators Pharrell Williams and NIGO®, the project aims to establish Yurakucho as an international destination for cultural expression.
Going forward, Mitsubishi Estate will rise to the challenge of further enhancing the appeal of the area and continue working toward sustainable urban development.
- These architectural renderings are artist’s interpretations of the completed project. Landscape consultations are ongoing, and the specifications are subject to change.
Expanding Urban Development Projects in Australia
Addressing Social Issues Through Participation in Diverse Development Projects
Mitsubishi Estate entered the Australian market with its participation in the Melbourne Quarter East Tower project in 2017. Since establishing the local branch in 2021, the Company has been involved in urban development projects across a diverse range of cities and asset types. These projects include residential and mixed-use developments such as One Sydney Harbour and One Circular Quay and office building development such as Parkline Place, as well as the development of a logistics facility in 2024.
Australia faces social issues such as a housing shortage driven by population growth and increasing demand for modern logistics facilities amid the expansion of e-commerce. In such environment, the Mitsubishi Estate Group is committed not only to increasing the supply of highquality housing but also to providing affordable housing, helping address issues such as declining urban functionality caused by rising housing costs and fragmentation of local communities. We are also promoting mixed-use developments with a focus on proximity between work and home, developing assets that take account of the environment, and the construction of efficient and sustainable logistics infrastructure. In Sydney’s Rozelle Village project, which we joined in 2024, we are contributing to community revitalization and improved convenience in daily life through a mixed-use development that combines commercial, residential, and other functions.
As of May 2026, the Mitsubishi Estate Group had taken part in a cumulative total of 28 projects and total project costs have reached approximately AUD18.0 billion. Going forward, the Company will aim to diversify its business portfolio while also enhancing urban functions through high-quality development projects based on expertise developed in Japan and various other countries.
Rozelle Village (Commercial and residential mixed-use development)
Fitzgerald Road Logistics Hub (Logistics facility development)
