Mori Trust Group began in 1951 with the founding of Mori Trust Holdings Inc. (the group holding company), and the Group's history since the establishment of its core company, MORI TRUST CO., LTD., in 1970, can be divided into the following three stages.
In its first stage of development, the Group built and nurtured its core businesses of Real Estate, Hotels and Resorts.
In its Real Estate business, the Group established urban development expertise through short- and medium-term redevelopment projects and constructed large complexes, primarily in and around Tokyo's Minato City, that contained highly functional offices, upscale rental residences, commercial facilities, and hotels. Using advanced multiple-building management systems, the Group also provided top-level management services for many rental properties in this area.
In 1973, Mori Trust Hotels & Resorts was established as the operator of Laforet Club, Japan's first hotel and resort club for corporate members, and the company grew from this by developing and managing resort hotels in Japan's most famous leisure areas and state-of-the-art urban hotels in Tokyo.
In its second stage, the Group expanded its operations in the real estate development field while at the same time aggressively investing in urban development-related companies and projects, including hotels and various commercial facilities.
In its Real Estate business, the Group expanded operations in prime locations of key regional centers across Japan, in addition to central Tokyo districts such as Chiyoda and Chuo Cities, and actively invested in existing large-scale properties. While furthering Mori Trust's unique brand of development through upscale urban development and the management of rental properties - effectively making the most of prime real estate potentials - the Group also established itself as a leader in the Japanese real estate leasing business.
In addition to Mori Trust Hotels & Resorts's development of the Laforet brand, Mori Trust itself built up business in the hotel and resort sector, including investment deals and management participation in luxury hotels and by attracting premium hotel brands from outside Japan.
As times changed, investment became an important aspect of the Group's business development plans, encompassing business partnerships with urban development-related enterprises, as well as equity investments and management participation in such companies.
In the Group's third stage, its key Real Estate and Hotels and Resorts businesses have grown to join the biggest industry players in terms of both size and quality. This is a time for building organizational structures suited to such a scale of operations and establishing a solid business base. The core member of the Group, Mori Trust, reorganized itself in 2006 around its Real Estate, Hotels and Resorts, and Investment divisions. The Real Estate business has established the Trust City brand for its large-scale luxury urban complexes and reinforced its organizational capabilities in both the development and leasing fields. Through a combination of Group restructuring, business tie-ups, opening of new hotels, and renovation of existing ones, the Hotels and Resorts business has enhanced both the tangible and intangible aspects of its operations to meet the needs of the times. In parallel with consolidating its business base, the Group is opening up future business opportunities by investing not only in Japanese real estate, but also in projects that will lead to broader enhancement of urban value. Teaming consolidation with change focused on new business, Mori Trust Group aims to make the most effective use of its management resources.