Mitsubishi Estate and Landmark Project in a nutshell
Jo KatoDeputy President

1. INTRODUCTION OF MITSUBISHI ESTATE

2. MARUNOUCHI DEVELOPMENT

3. INTERNATIONAL BUSINESS

4. LANDMARK PROJECT

1. INTRODUCTION OF MITSUBISHI ESTATE

3

Overview••••

Established in 1893
We take part in a spectrum of businesses in diverse fields related to realestate, including office buildings, residential properties and commercial
properties
As one of the leading publicly traded real estate companies in Japan, We
pride ourselves in its ‘developer oriented’ and ‘long term view’ cultureWith 120 years of development experience in Marunouchi, we aredetermined to continue contributing to society through urban development
Revenue from Operations

Approx. 1T yen
Market Capitalization

Approx. 3.2T yen4

Pillars of Our Business•

We are fully integrated real estate firm operating a spectrum of businesses,with capabilities ranging from development, management, architecturaldesign, real estate brokerage and real estate investment management

Real EstateServices

Office Building
Lifestyle
Property

HotelMITSUBISHI ESTATE GROUP
Residential

Architectural Design& Engineering

Investment
ManagementInternational52. MARUNOUCHI DEVELOPMENT

6Location

Tokyo

Mount Fuji

Shinjuku
RoppongiTokyo Tower

Imperial Palace

Tokyo Station

MarunouchiFast Facts

120 ha of Area

104 Buildings

709 ha of
Building Floor Area

4,200 Offices

17 companies

92 companies

fromFortune Global 500

on 1st Tokyo
Stock Exchange

135T yen of

230,000 of

13 Railway Stations
and 20 Lines

Consolidated Sales

Office Workers

Size Comparison

Marunouchi

Tokyo Station
Yangon Central Station
Landmark Project

Downtown Yangon

9History of Sustainable Development of Marunouchi••

Purchased the land from the government 120 years ago, to create the firstglobal-standard business district in JapanEntered into new stage of redevelopment in 1998, and have completed 14
projects as of end of 2016, and will be continuing the redevelopment process
as part of the sustainable development of the Marunouchi area
1890s to 1950s

1890

1960s to 1980s

after 2002

10

Evolution from Office-only District to Mixed-use District•

A numerous collection of shops and restaurants are located in Marunouchi,
in addition to being one of the world’s largest office districts

Number of Shops and Restaurants

11

1992

2014

1995

2015

1960s2010s

3. INTERNATIONAL BUSINESS

18

Overview of our International Business••

We have been expanding international business since the establishment offirst branch in New York in 1972
The subsidiary Mitsubishi Estate Asia was established in Singapore in 2008,
as the regional hub of the ASEAN area

ChinaUnitedKingdom

Expanding Residential
Developments mainly.

United States
Manage own assets in NY.
Expanding Commercial Developments

Expanding Commercial
Developments

Asia
Expanding Commercial andResidential Developments.
Finding reliable partners
in each country.

19

Overview of our ASEAN Business••

Since the participation in a condominium development project in Vietnam in2010, we have been expanding asset portfolio in the ASEAN area
More than 15 projects are in progress in 6 countries with prominent partners
in each area
Vista VerdeCapitagreen
Ho Chi MinhSingapore

Rhythm Asoke 2Daswin Project

BangkokJakartaHanoiYangon
Bangkok
Ho Chi Minh

Kuala Lumpur

Jakarta
Singapore20

4. LANDMARK PROJECT21

Overview•••

Large-scaled mixed-use development projectTransforming 4 hectares of prestigious sight into the heart of Yangon’s CBD
Renovation project of the former Myanmar Railway Headquarters to The
Peninsula Yangon will take place on the site next to the Landmark Project asa separate project
Mixed use projectLandmark Project

The Peninsula Yangon project22

Current Site Condition

23

The Image of The Landmark Project24

Outline and Schedule••••••

2 office buildings, 1 condominium, 1 building for hotel & serviced apartments,
and commercial facilities
Approximately 220,000 square meters of gross total area
50 year extension of master lease of the site signed with Myanma Railways ofthe Ministry of Transport and Communications in July 2016
Shareholders Agreement signed by the partners in July 2016
MIC application approved this month
Project to be completed before the end of FY2020 (plan)
T3
Grade A office space

T2
Serviced apartments
and business hotel

T4
Grade A office space
T1
Peninsula branded
Luxury residences

Podium
4 floors or retail space25Project Organization••

JV project among– YOMA and FMI, both of which are affiliates of Serge Pun & Associates Group– Mitsubishi Corporation, Mitsubishi Estate and JOIN as the Japanese partners– IFC and ADB, both of which are the lenders of the project as well
The commitment by the Japanese Partners is up to approximately US$ 200M

JV Project Company
conforming to Myanmar Law

48%

12%30%

5%

5%

SPC ofJapanesePartners

26

Landmark Project for Mitsubishi Estate•••••Myanmar is one of the most emerging markets in our track record
With difficulties familiar in the emerging markets such as legal issues andschedules, the prominent partners are key to our decision to participate in thisproject
Enhancing the property value with our expertise will be our significanceThe provision of global standard facilities will be a power to drive the economy aswell as contribution to the society
Transforming Yangon Central Station to “Marunouchi” of Myanmar

27Thank you.

Contacts : Mitsubishi Estate Asia Business Department +81-3-3287-5539