Basic Agreement concerning Integrated Block Development Project,

Basic Agreement concerning Integrated Block Development Project, and Rebuilding
of Mitsui & Co. Head Office 
Tokyo, Aug 8, 2013 - (JCN Newswire) -  Mitsui & Co., Ltd. (head office:
Tokyo, President: Masami Iijima, "Mitsui & Co.") and Mitsui
Fudosan Co., Ltd. (head office: Tokyo, President: Masanobu Komoda, "Mitsui
Fudosan") have signed a basic agreement concerning an integrated block
development project ("the Project") for the block of 1-2 Ohtemachi,
Chiyoda-ku, Tokyo. As part of the Project, the head office of Mitsui & Co.,
which is located in the development area, will be rebuilt. 
The Project will involve the integrated rebuilding and development of the
Mitsui & Co. Head Office Building (owned by Mitsui & Co.), the
Ohtemachi 1-chome Mitsui Building (owned by Mitsui Fudosan) and the Ohtemachi
PAL Building (jointly owned by Mitsui & Co. and Mitsui Fudosan) with a site
area of over 20,000 square meters. We will consider specific plans for the
Project in consultation with the relevant government agencies and members of
the local community. The aim is to contribute to the creation of an attractive
urban community in Ohtemachi area with space for office, commercial and other
purposes, through the construction of a multi-purpose building with advanced
office functions, environmental performance and disaster-preparedness systems. 
Mitsui & Co. will rebuild its present head office, which was completed in
1976, with the aim of improving environmental performance and
disaster-preparedness while raising productivity through the highly efficient
office environment. Since the integrated rebuilding and development enables a
harmonized formulation of landscape, Mitsui & Co. have also decided to
promote this project as an integrated block development together with Mitsui
Fudosan. Mitsui & Co. will relocate to temporary offices during the year
ending March 2015. Demolition of its present head office will begin in 2015,
with completion of the new building scheduled for 2019. 
For the Project, Mitsui & Co. and Mitsui Fudosan will combine the
integrated strengths of Mitsui & Co. with the community development
expertise demonstrated by Mitsui Fudosan through other major developments, such
as the "Tokyo Midtown". Our goal is to create an attractive composite
urban community. 
The estimated investment of Mitsui & Co., including the construction of a
new head office building, will amount to approximately 120 billion yen, while
that of Mitsui Fudosan will amount to approximately 50 billion yen. 
About Mitsui Fudosan 
Mitsui Fudosan Co., Ltd. (TSE: 8801; US: MTSFF) is Japan's largest real
estate company, and the real estate arm of the Mitsui Group.  The company
builds, sells, leases, and manages a wide variety of real estate, including
office buildings, residential subdivisions, and condominiums. Known for its
high-rises (its Kasumigaseki Building in Tokyo is considered the country's
first skyscraper), Mitsui Fudosan also owns hotels and provides building
management and real estate brokerage services. The company also owns sports and
leisure facilities, such as suburban Tokyo's SSAWS (the world's
largest indoor ski dome), and retail shops, such as Snoopy Town, based on
Peanuts characters. For more information, please visit www.mitsuifudosan.co.jp
. 
About Mitsui 
MITSUI & CO., LTD. (TSE:8031; NASDAQ:MITSY) is one of the world's most
diversified and comprehensive trading, investment, and service enterprises.
Headquartered in Tokyo, Japan, Mitsui maintains a global network of 159 offices
in 67 countries, and has 479 subsidiaries and associated companies worldwide.
The Company's main businesses include sales, manufacturing, export /
import, international trade and services in the following fields: metal
products and minerals, machinery, electronics and information, chemicals,
energy, consumer products and services such as retail, foods, textiles &
fashion, general merchandise and various other areas, along with financial
markets and logistics & transportation. Mitsui is engaged in diversifying
services, as it explores and develops natural resources, while making
commercial investments in the development of technologies for new businesses,
and much more. For additional information, please visit the web site at
http://www.mitsui.co.jp/ 
Copyright 2013 JCN Newswire. All rights reserved. www.japancorp.net 
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