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Mitsubishi Estate participated in the Series D round of funding for Astroscale, a Singapore-headquartered space debris removal startup with offices in Japan and the UK. The round was led by Japan's INCJ Ltd., and included funds operated by SBI Investment Co., Ltd (SBII) and totaled US$50 million. [9]
Mori Trust was founded in 1970 as Mori Building Development, a subsidiary of the Mori Building group founded by Taikichiro Mori.Following his death in 1993, his two sons Minoru Mori and Akira Mori disagreed as to how to continue the business, with Minoru wishing to continue the company's focus on existing properties and new large-scale urban projects, and Akira wishing to expand the company's ...
In New York City, Mitsui's first major project was the 2.3 million square foot Exxon Building (1251 Avenue of the Americas), which it acquired in the 1980s. It subsequently engaged in several other projects in the city together with local partners. [ 5 ]
The group's biggest external shareholder is Mubadala Investment Company, a $229 billion Abu Dhabi sovereign wealth fund, which has a stake of 20 percent. [5] The company's main activities include private equity , real estate , and credit management , [ 6 ] and has $50 billion [ 7 ] worth of assets under management, as of April 2023.
The company's headquarters moved to the 30-story Shinjuku NS Building (a Sumitomo-developed property) in 1982. [3] Sumitomo actively invested in California and Hawaii real estate during the 1970s. [6] In 1987, Sumitomo acquired the Tishman Building at 666 Fifth Avenue in New York City, which it sold at a loss in 1998. [7]
As of 2011, it manages 107 office facilities in Japan and China, with a total of 1,160,000 m 2 (12,500,000 sq ft) of space. [3] Taikichiro Mori, the founder, quit his job as an economics professor and entered the real estate business. He became the richest man in the world in 1992 with the net worth of $13 billion U.S. dollars.
On 21 October 2014, PAG's Secured Capital announced sale of Pacific Century Place Marunouchi in Japan to Singapore's sovereign wealth fund, GIC for US$1.7 billion (S$2.2 billion). [20] [21] On 5 January 2016, Chinese milk firm Yili Group sold all its remaining right on China Youran Dairy Group to Yogurt Holding I (HK) Limited, a subsidiary of ...
It is an Authorized Corporation under the Ministry of Economy, Trade and Industry (METI). [ 2 ] In 2021, according to S&P Global Market Intelligence and Preqin , its private equity arm, JIC Capital, was ranked as the fifth largest private equity firm in the world based on total fundraising over the most recent five-year period.