Why one of Japan's biggest real estate projects is tapping Toyota

Mitsui Fudosan looks to spread risk for $5.8bn Tsukiji market redevelopment

20240501N project 1

Plans for the old Tsukuji market site in Tokyo include a 50,000-seat stadium shown on the left in this artist's rendering. (Tokyo Metropolitan Government) 

NAOYUKI TOYAMA and TOMONORI WASHIDA, Nikkei staff writers

TOKYO -- When Japanese developer Mitsui Fudosan laid out a 900 billion yen ($5.8 billion) redevelopment plan this week for the former site of Tokyo's famed Tsukiji fish market, one name stood out on the list of partner companies: Toyota.

The automaker's real estate affiliate, Toyota Fudosan, will join the 11-member consortium led by Mitsui Fudosan for one of the biggest projects of its kind in Japan.

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