Message

I was recently appointed President & CEO of Mitsubishi Corp-UBS Realty Inc. (MCUBS).

MCUBS is an asset management company established in 2000 in the initial days of the J-REIT market as a joint venture between Mitsubishi Corporation, one of Japan’s leading trading companies, and UBS AG, one of the world’s leading financial groups. The MC-UBS Group manages three J-REITs: Japan Retail Fund Investment Corporation (JRF), which specializes in retail properties, Industrial & Infrastructure Fund Investment Corporation (IIF), which focuses on both industrial and infrastructure properties, and MCUBS MidCity Investment Corporation*1, which invests mainly in office buildings. The total balance of assets under management of these three J-REITs exceeds 1.44 trillion yen *2 (on an acquisition price basis).

As one of the largest asset management companies in Japan, we put the utmost importance on dialog with our unitholders and strive to fulfill our fiduciary duties reliably. We also aim to enhance unitholder value under our corporate mission of “creating new demands in our society and new values that exceeds people’s expectations through real estate investment management.”

As part of our efforts to carry out this mission, the MC-UBS Group has long been undertaking environment, social and governance (ESG) initiatives. Recent examples of such initiatives include JRF’s issuance of green bonds in May 2018, which marked the first such issuance by a J-REIT. IIF also acquired equity interests in an anonymous association in January 2019 under the mission of supporting the development of regional economies through real estate, becoming the first J-REIT to carry out an acquisition based on the Principles for Positive Impact of the United Nations Environment Programme Finance Initiative (UNEP FI). We are actively undertaking ESG programs that incorporate the Sustainable Development Goals (SDGs) *3.

We also recognize that going forward, the role of real estate may be significantly changed by the introduction of AI, IoT, and development of state-of-the-art technology, which can be deemed the Fourth Industrial Revolution, as well as changes in social structures associated with progress in e-commerce, the sharing economy, automated driving, and other mobility services.

With these changes in the business environment in mind, we will focus on proactive asset management.

Looking to the future, we are committed to further advances as a professional group that takes the lead in the real estate financial business. This growth will be driven by initiatives carried out by the entire Group working together that take into account our environmental and social responsibilities. We ask for your continued support and understanding in our endeavors.

President & CEO
February 2019
 

*1 The asset management company of MCUBS MidCity Investment Corporation is MCUBS MidCity Inc., which is 85% owned by MCUBS.
*2 As of 31 January 2019
*3 International goals covering the period from 2016 to 2030 adopted by a UN Summit in September 2015.