Mitsui Fudosan hopes to book gains, up visibility with British Library project
The largest property development in Europe by a Japanese company is just a stone's throw from the Harry Potter train station.
Mitsui Fudosan, a Japanese real estate firm, is planning a large-scale mixed-use development on the site of the former British Library in London. The company is optimistic about the potential financial returns from the project, which will also serve to increase its visibility and brand recognition in the city. Speaking about the initiative, Kanako Komura, the development director at Mitsui Fudosan UK, expressed confidence in their ability to utilize their knowledge of urban development in both domestic and international markets, particularly in undertaking large-scale mixed-use projects.
Mitsui Fudosan has a strong track record in Japan, having been involved in several significant redevelopment projects. Notably, they are the masterminds behind the Tokyo Midtown projects, which include a 52-story mixed-use building in the Nihonbashi area of Tokyo. Additionally, Mitsui Fudosan is spearheading a $5 billion redevelopment on a 19-hectare site at the former location of the Tsukiji market.
Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
