The National University Corporation, University of Tokyo, Mitsui Fudosan Co., Ltd., The Japan Research Institute, Limited, and Sumitomo Mitsui Banking Corporation Conclude Agreement for Asset Utilization Planning
July 10, 2018
The National University Corporation University of Tokyo
Mitsui Fudosan Co., Ltd.
The Japan Research Institute, Limited
Sumitomo Mitsui Banking Corporation
Tokyo, Japan, July 10, 2018 - Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced today that the University of Tokyo, which was named as a Designated National University Corporation in 2017, concluded an agreement with Mitsui Fudosan Co., Ltd., The Japan Research Institute, Limited, and Sumitomo Mitsui Banking Corporation as part of efforts to accelerate the building of its finances.
1. Details of the Agreement
The parties mutually agreed to coordinate and cooperate on the following plans and proposals in order to work towards effective utilization of assets retained by the University of Tokyo.
- Effective utilization of real estate, as well as strategies to increase its value, including in surrounding areas
- Promotion of industry-academic coordination that makes use of research results, etc.
- Improvement of medium-to-long term cash flow through effective asset utilization, etc., and diversification of financing methods
2. Overview of the Agreement
The University of Tokyo, Mitsui Fudosan, the Japan Research Institute, and Sumitomo Mitsui Banking Corporation mutually agreed to a partnership regarding effective utilization of assets retained by the University of Tokyo, in order to sustain and further develop the University of Tokyo’s world-class standards for education and research, and return its achievements in research to society.
3. Signing Ceremony
A signing ceremony was held on the following date.
|Agreement signing date
|July 9, 2018
(University of Tokyo President)
(Mitsui Fudosan President and Chief Executive Officer)
(The Japan Research Institute Representative Director and President)
(Sumitomo Mitsui Banking Corporation Senior Managing Executive Officer)
(From the left) Senior Officer Mori, President Gonokami, President Komoda, and President Fuchizaki