Mitsui Fudosan Commercial Property Fund Management Co., Ltd.
obtains license as investment trust management company from FSA
December 27, 2005
Mitsui Fudosan Co., Ltd.
Mitsui Fudosan announced today that its 100% owned subsidiary, Mitsui Fudosan Commercial Property Fund Management Co., Ltd. (MFCPF) has obtained license as investment trust management company based on the Investment Trust Law of Japan from Financial Service Agency. Previously on October 14, 2005, this company has been approved by Ministry of Land, Infrastructure and Transport as discretionary transaction agent.
As the original sponsor defined under the Investment Trust Law, MFCPF is currently taking measures to incorporate investment fund company that focuses mainly on retail properties, and be listed on the Tokyo Stock Exchange in the nearest future.
Mitsui Fudosan have played the leading role in establishment of Nippon Building Fund Management Ltd., the pioneer in the field of real estate investment trust in Japan that focuses its investment on office properties. Furthermore, its subsidiary, Mitsui Fudosan Accommodation Fund Management Co., Ltd. (renamed from "Mitsui Fudosan Residential Fund Management"), REIT company known for investment targeting rental residential properties and accommodations, has also obtained license as investment trust management company on September 26, 2005 and also working for the enlistment at Tokyo Stock Exchange.
With the establishment and enlistment of this new retail properties-focused investment fund company, Mitsui Fudosan Group has now three different line up of real estate investment funds. We believe that the three companies will contribute largely in the Japanese REIT market and offer variety of options that meet the needs of investors.
As integration of real estate and finance proceeds, Mitsui Fudosan is committed to exercise collective strength of its group to the maximum and continue to spare no efforts for the development of real estate investment market.
[Corporate Profile of Mitsui Fudosan Commercial Property Fund Management Co., Ltd.]
| Established |
January 4, 2005 |
| Paid-in Capital |
200 million yen |
| Address |
3-16, Nihonbashi Muromachi 2-chome, Chuo-Ku, Tokyo |
| Type of business |
Fund management for investment corporations, etc. |
| President & CEO |
Shu Nakata |
| # of Employees |
10 |
