On April 4th, Mitsubishi Estate Community Holdings Co., Ltd., Mitsubishi Estate Community Co., Ltd., and Innoverios Co., Ltd. announced their decision to merge in order to strengthen their condominium management business.
Since its establishment in July 2014, Mitsubishi Estate Community Holdings has overseen the operations of Mitsubishi Estate Community, which manages condominiums and buildings comprehensively, and Innoverios, which specializes in supporting self-managed condominiums. Although the two companies operate in distinct business domains, they have each played complementary roles in the industry. Through this merger, the group aims to further enhance and revitalize its condominium management operations.
Under the merger plan, Mitsubishi Estate Community will remain as the surviving entity, while Mitsubishi Estate Community Holdings and Innoverios will be dissolved. The merger is scheduled to take effect on April 1st.
Reprinted from: Real Estate Distribution Research Institute Co., Ltd. "R.E.port"
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