is a Japanese real estate developer.

History

Mori Trust was founded in 1970 as Mori Building Development, a subsidiary of the

Mori Building is a Japanese family-owned property management firm. As of 2015 its president and CEO is Shingo Tsuji. Its headquarters are in the Roppongi Hills Mori Tower in Roppongi, Minato, Tokyo. Mori Building has been managing office building leases s ...

group founded by

Taikichiro Mori Taikichiro Mori (森泰吉郎, ''Mori Taikichirō'', 1 March 1904 – 30 January 1993) was the founder of Mori Building Company. ''Forbes'' ranked him as the richest man in the world during 1991-92, with a net worth of $15 billion in 1991 (app ...

. Following his death in 1993, his two sons

Minoru Mori was considered to be one of Japan's most powerful and influential building tycoons. He joined the real estate business of his father, Taikichiro Mori, after graduating from Tokyo University and was president and CEO of Mori Building, of which h ...

and

Akira Mori is a Japanese property developer, and the chairman of Mori Trust, a real estate developer in Tokyo, Japan and an offshoot of Mori Building, the company his father Taikichiro Mori founded in 1959. As of July 2022, his net worth was estimated at U ...

disagreed as to how to continue the business, with Minoru wishing to continue the company's focus on existing properties and new large-scale urban projects, and Akira wishing to expand the company's portfolio into more small-scale office and leisure properties. This led to a split of the Mori Building group, with Akira Mori taking over the Mori Building Development entity and renaming it "Mori Trust" in 1999. Mori Trust properties that predated the 1999 schism were originally named "Hills" or "Mori Building" but were renamed to "Trust Tower" or "MT Building" around 2002. Mori Building, which spent years planning and completing the

Roppongi Hills is a List of development projects in Tokyo, development project in Tokyo and one of Japan's largest Real estate development, integrated property developments, located in the Roppongi district of Minato, Tokyo. Constructed by building tycoon Mi ...

complex in central Tokyo, focuses on multibillion-dollar complexes; Mori Trust sticks to single or twin structures. Mori Trust announced in December 2015 that it would begin investing in the United States, starting with the $658 million acquisition of two office buildings in

Boston Boston (), officially the City of Boston, is the state capital and most populous city of the Commonwealth of Massachusetts, as well as the cultural and financial center of the New England region of the United States. It is the 24th- mo ...

from

Liberty Mutual Liberty Mutual Group is an American diversified global insurer and the sixth-largest property and casualty insurer in the United States. It ranks 71st on the Fortune 100 list of largest corporations in the United States based on 2020 revenue. B ...

. The company was also reportedly examining potential investments in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

Washington Washington commonly refers to: * Washington (state), United States * Washington, D.C., the capital of the United States ** A metonym for the federal government of the United States ** Washington metropolitan area, the metropolitan area centered o ...

and other East Coast cities, with a total budget of 100 to 200 billion yen. Akira Mori has selected his only daughter Miwako Date, who served as president of Mori Trust Hotels & Resorts, to take over the Mori Trust business, which she did in 2016. Akira Mori is now assuming the role of Chairman of the Board of Mori Trust.

Major office properties

; Tokyo *

Tokyo Shiodome Building The is a building used for offices with a hotel on the top floors at Shiodome in Minato, Tokyo, Japan. It has a height of 174 metres with 37 floors. The building was constructed from 2002 to 2005 and is owned by Mori Trust and Sumitomo Realty & ...

* Marunouchi Trust City * Akasaka Twin Tower * Gotenyama Garden * Shiroyama Trust Tower ; Sendai * Sendai Trust Tower

Major hotel properties

* Laforet Hotels chain * Rihga Royal Hotels chain (minority partner) * Conrad Tokyo * Courtyard by Marriott Tokyo Station * Westin Sendai * InterContinental Yokohama Grand * Shangri-La Tokyo * Sunroute Plaza Shinjuku * Iraph Sui * Suiran

References

External links

Mori Trust website
Real estate companies based in Tokyo {{Japan-company-stub