Related Initiatives

Renovation Business Promoting the Effective Use of Existing Urban Properties in Japan and Oversea

The Mitsubishi Estate Group is expanding initiatives for creating value through renovations of existing buildings in Japan and overseas by ensuring that Group companies leverage each other’s know-how to reduce environmental impact and respond to demographic changes. In Japan, following on from the large-scale renovation of the Otemachi Building—conducted with the goal of creating a building to last 100 years—we are currently renovating the Shin-Tokyo Building under the concept of a building to captivate people. We will create an open and appealing space for visitors and workers through the establishment of themes for each floor and the adoption of environmentally friendly materials while passing on the building’s modernist architectural style for future generations. Overseas, in addition to 600 Fifth—an office development project in Washington D.C. that is currently underway and which utilizes the original building—we embarked on the large-scale renovation of 1 Victoria Street in London in 2025. The renovation will reuse the building’s underground structure, comprising approximately half of the original structure, and contribute to the appeal and vibrancy of the city through an open spatial design in harmony with the surrounding landscape. Positioning renovation projects as a key way to pursue sustainable urban development using existing assets, the Group will continue to pursue initiatives in this manner.

1 Victoria Street Original building

1 Victoria Street Rendering of exterior

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Strengthening Wood Construction and Conversion Projects: Promoting the Sustainable Use of Timber

In 2016, Mitsubishi Estate began turning its attention to forests, an abundant resource in Japan. Since then, the Company has helped address social issues by proactively using timber in the buildings it develops, such as helping to tackle climate change through the high carbon fixation effect of timber and to maintain and enhance disaster prevention functions, including the prevention of landslides through the proper circulation and regrowth of forests in Japan. By promoting the use of timber in cities, we create opportunities to connect forests and urban areas, contributing to the healthy circulation of forests and the invigoration of forestry to create a sustainable society, while working to enhance the comfort of spaces for those who use them. The Mitsubishi Estate Group Timber Procurement Guidelines stipulate the Group’s policy of procuring low-risk timber and ensuring traceability for timber procurement in its own value chain to prevent the destruction and depletion of forests and protect natural ecosystems.

Miyako Shimojishima Airport Terminal

The Royal Park Canvas Sapporo Odori Park

Mitsubishi Estate Group Timber Procurement Guidelines

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Establishment of Biggest Logistics Center in Western Japan —Incorporating Japan’s Largest Scale Geothermal Air Conditioning and Wall-Mounted Solar Power Generation

In collaboration with Amazon, Mitsubishi Estate established a new logistics center in Nagoya, Aichi Prefecture. It is set to be one of the largest Amazon fulfillment centers (FC) in western Japan. The center, Mitsubishi Estate’s Logicross Nagoya Minato, was designed especially for Amazon and incorporates geothermal air conditioning and solar power generating equipment, which will reduce greenhouse gas emissions from facility operations and CO2 emissions from construction materials. In particular, the solar panel installation on the building’s walls is a global first for Amazon, and, in addition to the use of geothermal energy, it is one of the largest of its kind in Japan. The design of the facility takes account of the global environment from various perspectives, including the use of special concrete materials that are expected to reduce greenhouse gas emissions by around 30% throughout their entire lifecycle from material procurement to disposal. Further, recycling and active use of rainwater will reduce tap water usage by approximately 40% compared to other logistics centers of a similar size.

The facility has obtained a Six-Star rating, the highest level, in the Building Energy-efficiency Labeling System (BELS) assessment and is also expected to obtain the first Zero Carbon Certification* from the International Living Future Institute for a building in Japan.

• Living Future Zero Carbon Certification: The world’s first third-party zero-carbon certification standard. A building is required to meet targets for energy consumption and reduction of embodied carbon to obtain certification. New onsite and offsite projects are also required to operate using 100% renewable energy.

Solar generating equipment installed on the roof and walls of the building (conceptual rendering)

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