* Information contained in this news release is current as of its date of announcement. Be aware that information contained herein is subject to change without notice.
November 4, 2021
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, November 4, 2020 Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced today that it has been proceeding with the Phase 2 development plan for MITSUI OUTLET PARK TAICHUNG PORT through project company SAN ZHONG GANG OUTLET CO., LTD.* and has decided to hold the grand opening on December 16, 2021.
Phase 1 of the facility opened in 2018, and since then it has been patronized by many customers. Even during the COVID-19 pandemic since last year, the facility has continued to operate without suspending business for even one day by implementing infection countermeasures under the guidance of the Taiwan authorities. The new Phase 2 development plan will add approximately 50 new stores, as the facility evolves into one of central Taiwan’s largest full-fledged outlet malls with approximately 220 stores.
Exterior photograph of Phase 1
Under the Phase 2 development plan, the facility will feature a wide range of brands and product categories, including food and casual dining, with a central focus on enhancing the lineup of international brands and Japanese select shops to reflect the requests of customers. In the existing Phase 1 development area also, an even more expansive store lineup will be created with the renovation and expansion of luxury brand stores and the opening of popular restaurants.
* About SAN ZHONG GANG OUTLET CO., LTD. SAN ZHONG GANG OUTLET CO., LTD. is a wholly owned project company established by Mitsui Fudosan Taiwan Co., Ltd. to advance this project.
Perspective drawing of outside street of Phase 2
Perspective drawing of the outside wall of the Phase 2
One of the aspirations of VISION 2025, the Mitsui Fudosan Group’s long-term management policy, is “to evolve into a global company.” Accordingly, the Group will continue to seek robust growth in the overseas business. Mitsui Fudosan has been conducting business in countries and regions in Asia, in addition to the Western countries such as the US and the UK. In the retail property business, the Group has been promoting the outlet mall business in Kuala Lumpur and cities in Taiwan, and the LaLaport business in Shanghai, Kuala Lumpur, and cities in Taiwan. In addition, the Group has been pushing ahead with the housing business in Singapore, Thailand, China, and cities in other Asian countries. The Group has also been conducting the hotel business in Taipei, the logistics facilities business near Bangkok, and the office buildings business in Bangalore, India. In these and other ways, the Group has been actively pursuing business in fast-growing Asia with the view of capturing growing consumer spending and expanding profits at the earliest opportunity in conjunction with contributing to local communities. Going forward, the Group will continue aiming to expand its businesses further.
|Location||Section 10, Taiwan Boulevard, Wuqi District, Taichung City, Taiwan|
Approx. 22 kilometers from the center of the city using Taiwan Boulevard, the main arterial road (approx. 45 minutes by car)
Approx. 8 kilometers from Shalu Interchange on National Highway No. 3, the main arterial road running north to south through Taiwan
/ Operations management
|SAN ZHONG GANG OUTLET CO., LTD.|
|Business format||Factory outlet mall|
|Site area||Approx. 1,937,504 ft2
(approx. 180,000 m2)
|Phase 1||Phase 2||Total of Phase 1 and Phase 2|
|Total floor area||Approx. 645,835 ft2
(approx. 60,000 m2)
|Approx. 139,930 ft2
(approx. 13,000 m2)
|Approx. 785,765 ft2
(approx. 73,000 m2)
|Store floor area||Approx. 376,736 ft2
(approx. 35,000 m2)
|Approx. 86,111 ft2
(approx. 8,000 m2)
|Approx. 462,848 ft2
(approx. 43,000 m2)
|Structure and scale||Reinforced concrete
structure 1 floor above
ground (2 floors in parts)
structure 1 floor
|Opening||December 12, 2018||December 16, 2021|
|Number of stores||Approx. 170||Approx. 50||Approx. 220|
|Building environmental design||MIX STUDIO WORKS|
|Landscape design||EARTHSCAPE INC.|
|Architect||TMA Architects & Associates|
|Construction||Reiju Construction Co., Ltd.|
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.
|Goal 7||Affordable and Clean Energy|
|Goal 11||Sustainable Cities and Communities|