Mitsubishi Estate

THE LEGENDARY AND LUXURY BRAND DORCHESTER COLLECTION WILL OPEN ITS FIRST HOTEL IN ASIA WITHIN TORCH TOWER, THE TALLEST BUILDING IN JAPAN

Retrieved on: 
Wednesday, November 9, 2022

TOKYO, Nov. 8, 2022 /PRNewswire/ -- Dorchester Collection has been selected to manage the hotel within "Torch Tower", the highest building in Japan, by Mitsubishi Estate Co., Ltd. and Tokyo Century Corporation. The hotel is scheduled to open in 2028.

Key Points: 
  • Award-winning Dorchester Collection currently comprises nine iconic hotels in London, Paris, Milan, Rome, and Los Angeles.
  • Next year the company will open its first hotel in the Middle East, The Lana, Dubai.
  • The highly anticipated hotel in Torch Tower will be the first Dorchester Collection hotel in Asia, offering gracious Japanese hospitality, combined with the brand's elevated service and experiences.
  • I believe the brand philosophy "one-of-a-kind experience" woven by Torch Tower as Japan's tallest building and Dorchester Collection will make Tokyo and Japan newly compelling.'

Ariat to Open Two Locations at the Outlets at Tejon

Retrieved on: 
Tuesday, October 4, 2022

Ariat International, the leader in innovative Western, Work and English footwear and apparel, will open two locations at the center this winter.

Key Points: 
  • Ariat International, the leader in innovative Western, Work and English footwear and apparel, will open two locations at the center this winter.
  • Founded in 1993, Ariat was the first company to integrate athletic footwear technology into riding boots for equestrian athletes.
  • The two Ariat locations will join the Outlets at Tejons extensive list of area-exclusive retailers including Coach, Polo Ralph Lauren, Tommy Hilfiger, Nike Factory Store and more.
  • The Outlets at Tejon is situated on 43 acres along Interstate 5 and is a part of the Tejon Ranch Commerce Center.

Agya Ventures Closes $32 million Fund to Back Early-Stage Startups Shaping the Future of the Built World and Metaverse

Retrieved on: 
Tuesday, August 16, 2022

NEW YORK, Aug. 16, 2022 /PRNewswire/ -- Agya Ventures, a venture capital firm focused on early-stage real estate and construction technology, announced today the close of its $32 million fund ('Fund I'). The close of Fund I rounds out an impressive phase of initial investing for the firm, backing 19 early-stage real estate tech and construction tech companies in the U.S. in just a year and a half. Now, the fund will continue to make new investments in startups shaping the future of the built world as well as the metaverse, while also pushing for partnerships on a global scale.

Key Points: 
  • Now, the fund will continue to make new investments in startups shaping the future of the built world as well as the metaverse, while also pushing for partnerships on a global scale.
  • Agya Ventures raises $32 mn Fund I to invest in the future of real estate and metaverse.
  • "The last twoyears have brought about massive changes in how we work, travel, and live," said Agya Ventures General Partner Nobu Iguchi.
  • In parallel, the fund will also invest in companies building for the metaverse to make the internet more immersive and experiential.

Mitsubishi Corporation: Seven-Member Partnership Commits to Warehouse DX Initiative

Retrieved on: 
Friday, July 1, 2022

The partnership members are Mitsubishi Corporation (MC), Mitsubishi Corporation LT, Inc. (MCLOGI), UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), Prologis, Mitsui Fudosan Co., Ltd.,* Mitsubishi HC Capital Inc., and Mitsubishi Estate Co., Ltd.

Key Points: 
  • The partnership members are Mitsubishi Corporation (MC), Mitsubishi Corporation LT, Inc. (MCLOGI), UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), Prologis, Mitsui Fudosan Co., Ltd.,* Mitsubishi HC Capital Inc., and Mitsubishi Estate Co., Ltd.
    Today MC also transferred its own warehouse DX operations to its newly established subsidiary Gaussy Inc. (Gaussy), in which each of the partnership's other six members has acquired a capital interest.
  • The businesses to be undertaken by Gaussy include provision of the warehouse robot subscription service "Roboware," which was launched by MC in 2020, and the warehouse sharing service "WareX."
  • Through this partnership, we strive to provide further efficiencies by taking advantage of unused warehouse space in addition to providing labor solutions.
  • This partnership will enable us to promote logistics-oriented DX in ways that should help the industry adapt to an evolving society.

MHI Group to Begin Demonstration Testing of Automated Valet Parking System Using AGV Robots at Outlet Mall in Chiba

Retrieved on: 
Monday, June 13, 2022

The system employs automated guided vehicle (AGV) robots, dubbed "Stan," manufactured by Stanley Robotics, a French venture-backed company.

Key Points: 
  • The system employs automated guided vehicle (AGV) robots, dubbed "Stan," manufactured by Stanley Robotics, a French venture-backed company.
  • MHI Group is targeting nationwide deployment of automated valet parking systems as well as automated systems for transporting finished vehicles.
  • Working in collaboration with Stanley Robotics, a world leader in the development and deployment of automated valet parking systems using AGV robots, MHI Group has been undertaking demonstration testing at MHI facility since October 2021.
  • Now, with the data to be acquired through demonstration testing at a real commercial complex, MHI Group will further accelerate its initiatives toward achieving these services' commercial viability in Japan.

Fifth Wall Raised $1.1 Billion Across its Funds in 2021

Retrieved on: 
Tuesday, January 4, 2022

LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that it raised more than $1.1 billion across its funds in 2021, underscoring accelerated proptech adoption by the global real estate industry and the untapped potential for climate tech in the Built Environment.

Key Points: 
  • "When we started Fifth Wall in 2016, proptech was a niche VC investment category; yet, real estate was and remains 13% of US GDP.
  • During 2021, Fifth Wall invested in 25+ new portfolio companies and celebrated five IPOs from companies in which it previously invested, including Procore, Blend, Doma, Hippo, and SmartRent SmartRent went public in a merger with Fifth Wall Acquisition Corp.
  • "Fundraising and capital deployment momentum at Fifth Wall in 2021 offers further validation of our model and the value of sector-focused venture capital."
  • Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry.

Fifth Wall Raised $1.1 Billion Across its Funds in 2021

Retrieved on: 
Tuesday, January 4, 2022

LOS ANGELES, Jan. 4, 2022 /PRNewswire/ -- Today, Fifth Wall, the largest venture capital firm focused on technologies for the global real estate industry, announced that it raised more than $1.1 billion across its funds in 2021, underscoring accelerated proptech adoption by the global real estate industry and the untapped potential for climate tech in the Built Environment.

Key Points: 
  • "When we started Fifth Wall in 2016, proptech was a niche VC investment category; yet, real estate was and remains 13% of US GDP.
  • During 2021, Fifth Wall invested in 25+ new portfolio companies and celebrated five IPOs from companies in which it previously invested, including Procore, Blend, Doma, Hippo, and SmartRent SmartRent went public in a merger with Fifth Wall Acquisition Corp.
  • "Fundraising and capital deployment momentum at Fifth Wall in 2021 offers further validation of our model and the value of sector-focused venture capital."
  • Founded in 2016, Fifth Wall, a Certified B Corporation, is the largest venture capital firm focused on technology-driven innovation for the global real estate industry.

Fifth Wall Expands Team with Four Key Partner Hires & the Appointment of the Firm's First CMO

Retrieved on: 
Friday, December 17, 2021

Angela comes to Fifth Wall with over fifteen years of real estate experience, including acquisitions, financings and capital raising.

Key Points: 
  • Angela comes to Fifth Wall with over fifteen years of real estate experience, including acquisitions, financings and capital raising.
  • As a Partner on the Capital Formation team, she oversees capital raising and investor relations.
  • Jon is a Partner at Fifth Wall, where he co-leads the Real Estate Technology Investment team.
  • While at J.P. Morgan, he advised SmartRent on its $2.2 billion merger with Fifth Wall Acquisition Corp.

Hotel Okura Kyoto Okazaki Bettei to Open January 20th

Retrieved on: 
Friday, November 26, 2021

Okura Nikko Hotel Management Co., Ltd. is pleased to announce that on January 20th, 2022 it will open the Hotel Okura Kyoto Okazaki Bettei in the world-famous and much-loved city of Kyoto, Japans ancient capital.

Key Points: 
  • Okura Nikko Hotel Management Co., Ltd. is pleased to announce that on January 20th, 2022 it will open the Hotel Okura Kyoto Okazaki Bettei in the world-famous and much-loved city of Kyoto, Japans ancient capital.
  • This is the first time that GO ON members, whose work has been exhibited around the world, have all worked together in collaboration with a hotel, and all of the items are one-of-a-kind pieces created specifically for the Hotel Okura Kyoto Okazaki Bettei.
  • About Hotel Okura Co., Ltd. and Okura Nikko Hotel Management Co., Ltd.
    Hotel Okura Co., Ltd. , founded in 1958, opened its flagship Hotel Okura Tokyo in 1962 as a first-class hotel that quickly became renowned worldwide for its blending of traditional Japanese beauty with the very best in accommodation, cuisine and service.
  • Okura Nikko Hotel Management Co., Ltd. , a subsidiary of Hotel Okura, operates 77 properties (52 in Japan and 25 overseas) encompassing some 24,023 guest rooms (as of November 26, 2021) under three hotel groups: Okura Hotels & Resorts , Nikko Hotels International and Hotel JAL City .

The road to COP26: Fifth Wall Launches Mural in Glasgow as part of its international "Choose Earth" Campaign

Retrieved on: 
Friday, October 29, 2021

The mural features the headline "There's No Place Like Home. Choose Earth." and the installation depicts an astronaut on Mars longingly reaching toward Earth. The multi-city mural campaign pokes fun at the current billionaire space race while encouraging people to first prioritize our planet -- a topic which has recently been called out by Prince William, who urged companies to repair this planet before exploring multi-planetary civilization, and Bill Gates, who noted that "we have a lot to do here on Earth."

Key Points: 
  • "I'm thrilled that Fifth Wall chose me for this project because it's a cause I personally stand behind.
  • The Glasgow mural aligns with the largest international climate change conference, COP26, which aims to bring countries together to accelerate positive action towards reversingglobal warming.
  • Unfortunately, most real estate firms are not investing nearly enough into this critical climate technology, and this is what Fifth Wall's mural campaign seeks to highlight.
  • This campaign is part of Fifth Wall's larger mission of investing in clean technologies to better the real estate industry.