• Environmental Initiatives through Real Estate Investment
• Environmentally-Conscious Initiatives with Stakeholders

Environmental Initiatives through Real Estate Investment

MRF aims to manage retail facilities with little environment impact by promoting energy- and resource-saving initiatives at its properties.

Environmental management for the portfolio as a whole

Aiming to continuously conduct management related to environmental impacts, including efforts to reduce energy consumption, MRF carries out data collection, compilation and analysis through outside experts.

For the data of energy consumption, greenhouse gas (GHG) emissions, water consumption and waste recycling rate, please refer to the ESG Data.

Promotion of the switch to LED lighting

MRF strives to promote energy saving by installing LED lighting.

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  AEON MALL NAGOYADOME-Mae
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  VIORO

Reduction of water consumption

MRF strives to reduce water consumption through a variety of initiatives, including installation of water-saving toilets and water-efficient taps.

Reduction of waste

MRF strives to reduce waste by working with tenants to recycle food waste from restaurants and other facilities as fertilizer and animal feed, and by promoting used paper collection.

• Ecospo ( Collecting used paper )
  BRANCH Hakata Papillon Garden

Utilization of renewable energy

MRF utilizes renewable energy through the installation of solar panels and wind turbines.

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  Solar panels
  LaLaport IZUMI
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  Wind turbines with attached solar panels
  LaLaport SHIN-MISATO

Installation of electric vehicle chargers

MRF has installed quick chargers for electric vehicles at its facilities in various regions.

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  LaLaport IWATA
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  LaLaport SHIN-MISATO

Promotion of greening, conservation of biodiversity

MRF implements the greening of walls, rooftops, and so on, thereby contributing to the conservation of biodiversity.

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  AEON MALL NAGOYADOME-Mae
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  LaLaport SHIN-MISATO

BRANCH Hakata Papillon Garden

MRF is leasing part of this site to the authorities free of charge as “Chiyo Higashi Ryokuchi” (“Chiyo East Green Space”). Within the facility, there is a large park rich in greenery.

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Environmentally-Conscious Initiatives with Stakeholders

Green-lease, engagement programs

In order to promote the environmentally-conscious management of its portfolio, MRF is sequentially introducing green-lease clauses in lease contracts with tenants.
Moreover, MRF is working in collaboration with tenants through, for example, collaborative investment in equipment with high environmental performance and by promoting the visualization of data through the provision of energy data to tenants.

• Number of cases of the introduction of green-lease clauses at
  MRF properties
• 16
  (as of June 30, 2025)

Collaborative investment with tenants in equipment with high environmental performance

To improve energy efficiency at owned properties, MRF collaborated with tenants to invest in installing inverter panels for air conditioning. This initiative not only reduced environmental impact but also lowered tenants' operating costs (utility expenses). MRF receives rent and common area fees based on the investment amount, making this a mutually beneficial effort for both parties.

Distribution of sustainability guide

As a part of initiatives for encouraging collaboration with tenants, it creates and distributes a sustainability guide, and is appealing for work to be undertaken on reducing the environmental burden and generating environmental awareness.

Implementing an exchange of ideas with tenants

While undertaking initiatives to reduce electricity and water consumption and to reduce the amount of waste, particularly regarding large-scale properties that have a significant effect on the portfolio as a whole, once a year it establishes the opportunity to compare figures and confirm whether there are any irregularities concerning various indicators with the tenant or the facility management company in relation to each fiscal year, and is implementing various initiatives with the cooperation of tenants for linking with future operations and so on.

Urban regeneration

By investing in properties developed through urban regeneration projects, MRF is helping to create vibrancy through the revitalization of towns and communities and contributing to improved convenience for local residents and to the creation of local employment.

LaLaport SHIN-MISATO

A development project at the site of a former freight car classification yard, which had seen no development for about 20 years, has given rise to a new lifestyle space for the town.

Musashino classification yard in Saitama prefecture was established in 1974 as a freight car classification yard between Misato Station and Yoshikawa Station. Subsequently, operations were discontinued in 1986, after which the site was not developed. In 2008, MRF’s sponsor, Mitsui Fudosan and other project partners brought about the rebirth of the 51.1 ha site of the classification yard as Shin-Misato LaLaCity, a large-scale urban complex. This new town comprises a large-scale retail facility zone and a residential zone, both of which were central to development that capitalized on an extensive plot of land.

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  Before （Musashino classification yard）

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  After （Shin-Misato LaLaCity）

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Investment in redeveloped districts

MRF is reinvesting in properties that have already been developed, thereby contributing to the revitalization of towns and communities, and to improved convenience for local residents.
Furthermore, for the acquisition, MRF obtained real estate appraisal reports, engineering reports, etc. in addition to on-site inspections and investigations and disclosure materials from sellers, carried out investigations related to brown fields and hazardous substances, and confirmed appropriate measures had been taken for properties for which measures were necessary.

BRANCH Hakata Papillon Garden

MRF reacquired a property which had been a conventional roadside shopping mall with a parking lot as its focal point, and was reborn as a neighborhood shopping center that is highly migratory and has a sense of unity.

The previous facility had been developed on the former site of the Fukuoka factory of Japan Tobacco Inc. (JT), MRF’s former sponsor. 25 years had passed since it was built and the buildings were aging. In addition, changes to the surrounding environment created an opportunity, and a project to increase the value of the facility began in collaboration with Daiwa Lease Co., Ltd. MRF assigned the existing buildings to the Daiwa Lease, which then constructed new buildings (extension and reconstruction). Subsequently, MRF acquired the new buildings after construction was completed in 2019.

Summit Store Yokohama Okano (land interest)

This property was built on a former factory site as part of redevelopment of the area.
Although minor soil contamination was found in this area in early stage of the redevelopment project, we acquired this property after confirming that appropriate measures were taken on brownfield.