Mitsui Fudosan and Imperial Hotel Conclude Basic Agreement
March 25, 2021
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, March 25, 2021—Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, agreed today with Imperial Hotel, Ltd. (“Imperial Hotel”) that it would acquire part of The Imperial Hotel Tower site owned by Imperial Hotel and both parties would move forward on the joint redevelopment.
The companies have been examining joint redevelopment opportunities since Mitsui Fudosan acquired share in Imperial Hotel signing the agreement in 2007.
Furthermore, following this statement , Mitsui Fudosan will establish the Uchisaiwaicho-Project Department within the Hibiya Urban Planning and Development Department beginning in April 2021.
Mitsui Fudosan Group’s Contribution to SDGs
The Mitsui Fudosan Group aims for a society that enriches both people and the planet under the principles of coexist in harmony with society, link diverse values and achieve a sustainable society, and advances business with an awareness of the environment (E), society (S) and governance (G), thus promoting ESG management. By further accelerating its ESG management, the Group will realize Society 5.0, which the Japanese government has been advocating, and contribute significantly to achieving the SDGs.
*The initiatives covered in this press release are contributing to two of the UN's SDGs.
|Sustainable Cities and Communities
|Partnerships for the Goals