Mitsubishi HC Capital Group and Renoveru Establish Joint Venture for Real Estate Revitalization
Mitsubishi HC Capital Group and Renoveru Join Forces
In a significant development aimed at addressing pressing social challenges through real estate revitalization, Mitsubishi HC Capital Group and Renoveru Inc. have signed a joint venture agreement. The newly established entity will focus on project management services centered on the regeneration of real estate. This collaboration is expected to pave the way for innovative solutions towards a circular economy.
Driven by the rising costs of construction leading to postponed or scaled-down development projects, an increasing demand for effective utilization and sale of corporate real estate (CRE) has emerged. Moreover, there is an urgent need to reorganize public properties and make fruitful use of deteriorating historical buildings within the context of Japan’s declining population. This scenario enhances the necessity for renovation and conversion strategies, presenting alternatives to the traditional