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MITSUBISHI ESTATE CO., LTD. (三菱地所株式会社, _Mitsubishi Jisho Kabushiki-gaisha_, MEC) is one of the largest real-estate developer in Japan
Japan
and is involved in property management and architecture research and design. MEC owns Japan's second tallest building, the Yokohama Landmark Tower , as well as the Sanno Park Tower and Marunouchi Building in Tokyo
Tokyo
. Mitsubishi
Mitsubishi
Estate has its headquarters in the Otemachi Building in Ōtemachi , Chiyoda, Tokyo
Tokyo
. It is one of the core Mitsubishi
Mitsubishi
companies.

CONTENTS

* 1 History * 2 Group companies * 3 References * 4 External links

HISTORY

The Marunouchi Building , which was completed in 2002

The company was established in 1937 as a spin-off of the real estate holdings of the Mitsubishi
Mitsubishi
_zaibatsu _. It was listed on the Tokyo
Tokyo
and Osaka stock exchanges in 1953.

Its largest concentration of assets is around the Marunouchi
Marunouchi
and Otemachi districts west of Tokyo
Tokyo
Station , an area purchased by the _zaibatsu_ from the Meiji government in 1890 and developed into an office district. Today, the area houses the headquarters of Mitsubishi
Mitsubishi
Corporation , Mitsubishi
Mitsubishi
UFJ Financial Group , The Bank of Tokyo- Mitsubishi
Mitsubishi
UFJ , Mitsubishi
Mitsubishi
UFJ Trust and Banking Corporation , Mitsubishi
Mitsubishi
Electric , Meiji Yasuda Life , Nippon Yusen and other Mitsubishi
Mitsubishi
group companies, as well as numerous other firms not affiliated with the group.

In 1990 Mitsubishi
Mitsubishi
Estate fully bought out Rockefeller Group in New York City , the real estate company that then fully owned Rockefeller Center . Since then the older section of the Center has been sold and the Rockefeller Group, still owned by Mitsubishi, owns the western corridor of the complex.

Mitsubishi
Mitsubishi
Estate led the redevelopment of the Osaka Station area between 2010 and 2013, including the Grand Front Osaka complex.

Mitsubishi
Mitsubishi
Estate stated in November 2014 that it had agreed to sell a 41-year-old office building in Tokyo
Tokyo
back to Mizuho Financial Group for $1.35 billion.

In 2015, Mitsubishi
Mitsubishi
announced that it would hold a majority stake in a redevelopment project north of Tokyo
Tokyo
Station that would include the tallest building in Japan
Japan
, a 1,279-foot skyscraper. The targeted completion date for the project is 2027.

GROUP COMPANIES

* Mitsubishi
Mitsubishi
Jisho Sekkei Inc. * Mitsubishi
Mitsubishi
Real Estate Services Co., Ltd. * Mitsubishi
Mitsubishi
Estate Home Co., Ltd. * Yokohama Royal Park Hotel Co., Ltd. * Aqua City Co., Ltd. * Marunouchi
Marunouchi
Heat Supply Co., Ltd. * Yokohama Sky Building Co., Ltd. * Royal Park Hotel Co., Ltd. * Rockefeller Group International, Inc.

REFERENCES

* ^ "Corporate Data." Mitsubishi
Mitsubishi
Estate. Retrieved on March 7, 2010. * ^ _A_ _B_ _C_ "History". Mitsubishi
Mitsubishi
Estate Co., Ltd. Retrieved 7 September 2015. * ^ _A_ _B_ Narioka, Kosaku (31 August 2015). " Mitsubishi
Mitsubishi
Estate Plans Japan’s Tallest Building". _The Wall Street Journal_. Retrieved 7 September 2015. * ^ " Mitsubishi
Mitsubishi
Estate to sell Tokyo
Tokyo
property to Mizuho for $1.35 billion" (Press release). Reuters. 27 November 2014.

EXTERNAL LINKS