Start of Construction for MITSUI OUTLET PARK TAINAN Phase 2 Development Plan
Scaling Up to Approx. 240 Stores, with Approx. 50 Additional Stores Scheduled to Open in 2025
Evolving Into a More Diverse and Fulfilling Outlet Mall
February 2, 2024
Mitsui Fudosan Co., Ltd.
Tokyo, Japan, February 2, 2024 – Mitsui Fudosan Co., Ltd., a leading global real estate company headquartered in Tokyo, announced that it has decided to begin the Phase 2 development plan for MITSUI OUTLET PARK TAINAN (“MOP TAINAN”) through project company SANNAN OUTLET CO., LTD. Since its opening in February 2022, MOP TAINAN has welcomed a total of approximately 15 million visitors through the end of 2023. The property has been highly rated for its convenience and the appeal of stores that have been opened.
For the Phase 2 development plan, a groundbreaking ceremony will take place on February 2, 2024, with opening scheduled for 2025. This expansion will increase the number of stores from around 190 at present to around 240, allowing MOP TAINAN to evolve into a more diverse and fulfilling outlet mall.
Computer-generated (CG) illustration of the exterior of MOP TAINAN Phase 2
Key Points of this Release
< Growth of areas around the property >
The property is located right in front of Taiwan High Speed Rail Tainan Station (“Tainan HSR Station”), and numerous residential development projects are currently under way in the surrounding areas. Over the next 3 years or so, the population in these areas is expected to grow by more than 10,000 people.
< Phase 2 development plan and retail functions >
To ensure that customers enjoy a comfortable shopping experience even in Tainan’s tropical climate, Phase 2, like Phase 1, is planned as a fully enclosed mall. In addition to enhancing outlet stores, Phase 2 envisions attracting large merchandise stores and restaurants to the property. One-stop shopping convenience will also be increased so that the property can meet the needs of the rapidly growing local population.
< Contributing to the solution of ESG issues >
Solar panels for power generation are scheduled to be installed on the Phase 2 development plan building’s rooftop and outdoor surface parking lot.
Efforts will be made to help reduce environmental impact through private use of the renewable energy generated on-site.
About 「MOP TAINAN」
Tainan City, a historic city, celebrates its 400th founding anniversary in 2024. It is a city with numerous historic sites and many other attractions, making it a popular tourist destination. Phase 1 of MOP TAINAN opened in February 2022, right in front of Tainan City’s main transit hubs - Tainan HSR Station and Shalun Station on the TRA Shalun Line.
Since the opening of Phase 1, customers have highly praised the property’s appealing store mix, which includes stores in highly popular genres and brands in Taiwan, stores opening for the first time in southern Taiwan, and long-standing, locally well-known restaurants. As a result, the property has welcomed a total of approximately 15 million visitors since its opening to the present (as of the end of December 2023).
Several residential development projects are currently underway in the areas around the property. The Tainan City Government has announced that the local population is projected to increase by more than 10,000 people by 2027. In addition, various facilities such as a smart energy research institution, university, and a large exposition center, have already been completed and are in operation. Furthermore, a general hospital, hotels and other facilities are also expected to be completed in the near future. Tainan City has become one of southern Taiwan’s areas attracting the most attention for its growth.
MOP TAINAN’s Phase 2 development plan will scale up the total number of stores to approximately 240, an increase of around 50 stores from Phase 1 (approx. 190 stores). While considering Tainan City’s growth in resident and working population, the increase in visitors to the property can be expected, which may require the diversification of needs. Mitsui Fudosan will strive to attract outlet stores in wide range of genres and brands that are well known and draw strong interest in Taiwan to fulfill such needs. At the same time, it aims to develop a property where visitors can enjoy daily meals and everyday shopping even more than before.
CG illustration of the interior of MOP TAINAN Phase 2
At the Phase 1 opening (February 2022)
At an indoor event (March 2023)
ESG measures (measures to reduce environmental impact) at the property
According to the Phase 2 development plan, solar panels (about 1,700 panels) for power generation will be installed on the building’s rooftop and surface parking lot. The property will help to reduce its environmental impact by effectively harnessing the abundant solar energy found in southern Taiwan via these solar panels. The solar panel-generated clean electricity is planned to be used within the property to meet its power requirements.
Apart from this, the property is working to reduce its environmental impact by implementing a variety of measures. By actively using LED lighting equipment, rainwater recycling sanitary equipment and other items, the property plans to acquire a Silver rating under the Green Building system (Taiwan’s environmental impact assessment and certification system, subject to GRESB assessment) in Phase 2, following on from Phase 1.
Retail property business in Taiwan
Mitsui Fudosan is currently developing and operating six retail properties in Taiwan, including three outlet malls: MOP TAINAN, MITSUI OUTLET PARK LINKOU (New Taipei City, scheduled to open Phase 2 in 2024) and MITSUI OUTLET PARK TAICHUNG PORT (Taichung City) and three regional shopping centers: Mitsui Shopping Park LaLaport TAICHUNG (Taichung City, opened in May 2023); Mitsui Shopping Park LaLaport NANGANG (tentative name) (Taipei City, scheduled to open in 2024); and Mitsui Shopping Park LaLaport KAOHSIUNG (tentative name) (Kaohsiung City, scheduled to open in 2026).
Project Overview
| Location | No. 100, Guiren Boulevard, Guiren District, Tainan City, Taiwan | ||
|---|---|---|---|
| Transportation access |
1.5 km (approximately 4 minutes by car) from an interchange on the freeway running north-south through Taiwan Close to Tainan HSR Station and Shalun Station on the TRA Shalun Line |
||
| Project developer / operator and manager | SANNAN OUTLET CO., LTD. | ||
| Business format | Factory outlet mall | ||
| Site area | Approx. 635,000 ft2 (59,000 m2) | ||
| Phase 1 | Phase 2 | Total | |
| Total floor area (including the parking lot floor area) |
Approx. 936,460 ft2 (87,000 m2) |
Approx. 247,570 ft2 (23,000 m2) |
Approx. 1,184,000 ft2 (110,000 m2) |
| Store floor area | Approx. 365,973 ft2 (34,000 m2) |
Approx. 107,639 ft2 (10,000 m2) |
Approx. 473,612 ft2 (44,000 m2) |
| Structure and scale | Reinforced concrete structure 4 floors above ground | Reinforced concrete structure 4 floors above ground | |
| Opening | February 25, 2022 | 2025 (planned) | |
| Number of stores | Approx. 190 stores | Approx. 50 stores | Approx. 240 stores |
| Building environmental design | Nonscale co. | ||
| Landscape design | EARTHSCAPE INC. | ||
| Architect | ONENESS & ASSOCIATES Architects / Planners | Bio-architecture Formosana | |
| Builder | Reiju Construction Co., Ltd. | ||
Mitsui Fudosan’s Overseas Business
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 seek robust growth in the overseas business. 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 business further.
The Mitsui Fudosan Group’s Business in Taiwan
In 2016, the Mitsui Fudosan Group established Mitsui Fudosan Taiwan Co., Ltd., a subsidiary in Taiwan, as an investment base. The Group is undertaking 12 projects in Taiwan, including retail properties, hotels, and housing, and plans to continue expanding the business into logistics facilities and mixed-use developments going forward.
| Main Purposes | Location/Area | Property Name | Opening/Completion | |
|---|---|---|---|---|
| Outlet park | Linkou District, New Taipei City | MITSUI OUTLET PARK LINKOU | Phase 1 Phase 2 |
January 2016 2024 (planned) |
| Taichung City | MITSUI OUTLET PARK TAICHUNG PORT | Phase 1 Phase 2 |
December 2018 December 2021 |
|
| Gueiren District, Tainan City | MITSUI OUTLET PARK TAINAN | Phase 1 Phase 2 |
February 2022 2025 (planned) |
|
| Regional shopping center | Nangang District, Taipei City | Mitsui Shopping Park LaLaport NANGANG (tentative name) | 2024 (planned) | |
| East District, Taichung City | Mitsui Shopping Park LaLaport TAICHUNG | May 2023 | ||
| Fengshan District, Kaohsiung City | Mitsui Shopping Park LaLaport KAOHSIUNG (tentative name) | 2026 (planned) | ||
| Hotel | Da'an District, Taipei City | MGH Mitsui Garden Hotel Taipei Zhongxiao | August 2020 | |
| Songshan District, Taipei City | Zhongshan Zhongxiao Hotel (tentative name) | 2026 (planned) | ||
| Housing | Sanchong District, New Taipei City | Sansong MPARK | November 2021 | |
| Anping District, Tainan City | UNi Park | 2025 (planned) | ||
| Banqiao District, New Taipei City | Sansong Jade Park | 2026 (planned) | ||
| Zhonghe District, New Taipei City | Zhonghe Bannan Road Project (tentative name) | 2029 (planned) | ||
Map
Wide-area view
Local-area view
Mitsui Fudosan’s Retail Properties Overseas (As of February 2024)
| Country/ Region |
Property | Opening year | Number of stores (approx.) |
Store floor space (approx.) |
|---|---|---|---|---|
| China | Mitsui Shopping Park LaLaport SHANGHAI JINQIAO |
2021 | 180 stores | Approx. 592,000 ft2 (55,000 m2) |
| Mitsui Shopping Park LaLa station SHANGHAI LIANHUA ROAD |
2021 | 90 stores | Approx. 178,000 ft2 (16,500 m2) |
|
| Taiwan | MITSUI OUTLET PARK LINKOU | Phase 1: 2016 | 220 stores | Approx. 484,000 ft2 (45,000 m2) |
| Phase 2: 2024 (planned) | 90 stores | Approx. 290,000 ft2 (26,900 m2) |
||
| MITSUI OUTLET PARK TAICHUNG PORT | Phase 1: 2018 | 170 stores | Approx. 377,000 ft2 (35,000 m2) |
|
| Phase 2: 2021 | 50 stores | Approx. 86,000 ft2 (8,000 m2) |
||
| MITSUI OUTLET PARK TAINAN | Phase 1: 2022 | 190 stores | Approx. 366,000 ft2 (34,000 m2) |
|
| Phase 2: 2025 (planned) | 50 stores | Approx. 107,000 ft2 (10,000 m2) |
||
| Mitsui Shopping Park LaLaport TAICHUNG |
2023 | 300 stores | Approx. 732,000 ft2 (68,000 m2) |
|
| Mitsui Shopping Park LaLaport NANGANG(tentative name) |
2024 (planned) | 250 stores | Approx. 753,000 ft2 (70,000 m2) |
|
| Mitsui Shopping Park LaLaport KAOHSIUNG (tentative name) |
2026 (planned) | 280 stores | Approx. 753,000 ft2 (70,000 m2) |
|
| Malaysia | Mitsui Outlet Park KLIA Sepang |
Phase 1: 2015 | 130 stores | Approx. 258,000 ft2 (24,000 m2) |
| Phase 2: 2018 | 70 stores | Approx. 106,000 ft2 (9,800 m2) |
||
| Phase 2: 2022 | 5 stores | Approx. 75,350 ft2 (7,000 m2) |
||
| Mitsui Shopping Park LaLaport BUKIT BINTANG CITY CENTRE |
2022 | 400 stores | Approx. 889,000 ft2 (82,600 m2) |
|
| Total | 10 properties | 2,475 stores | Approx. 6,050,000 ft2 (561,800 m2) |
|
Mitsui Fudosan Group’s Contribution to SDGs
https://www.mitsuifudosan.co.jp/english/esg_csr/
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. Additionally, the Group formulated the following Group guidelines related to “Realize a Decarbonized Society” and “Diversity & Inclusion Promotion” in November 2021, and “Biodiversity” in March 2023. The Mitsui Fudosan Group will continue to work toward solving social issues through neighborhood creation.
[ References ]
・Group Action Plan to Realize a Decarbonized Society
https://www.mitsuifudosan.co.jp/english/corporate/news/2021/1124/
・Formulated Diversity and Inclusion Promotion Declaration and Initiatives Policy
https://www.mitsuifudosan.co.jp/english/corporate/news/2021/1129_02/
・Mitsui Fudosan Group Biodiversity Policy
https://www.mitsuifudosan.co.jp/english/corporate/news/2023/0413/
* The initiatives covered in this press release are contributing to three of the UN’s SDGs..
| Goal 7 | Affordable and clean energy |
|---|---|
| Goal 11 | Sustainable cities and communities |
| Goal 13 | Climate action |
