Chelsea Japan Co., Ltd. Who We Are

Chelsea Japan Co., Ltd. is a joint venture between an US outlet developer, Chelsea Property Group, a division of Simon Property Group, Inc. and Mitsubishi Estate Co., Ltd.. Chelsea Japan focuses on developing, owning and managing high-quality outlet shopping centers in Japan.

Chelsea Property Group, a division of Simon Property Group, Inc. owns and manages a network of Premium Outlet Centers® in major cities around the United States, including Woodbury Common Premium Outlets® outside New York, Desert Hills Premium Outlets® outside Los Angeles and Waikele Premium Outlets® not far from Honolulu (Hawaii) and centers in Korea and Mexico.

At the present time, Chelsea Japan operates eight Premium Outlet Centers® in Japan. Gotemba Premium Outlets®, Chelsea Japan's flagship center in Shizuoka prefecture, opened on July 13, 2000, a second phase expansion opened in July 2003, and a third phase opened in the March of 2008. Rinku Premium Outlets® in Osaka prefecture opened on November 23, 2000, followed by two subsequent expansions in March 2002 and December 2004. Sano Premium Outlets® in Tochigi prefecture opened on March 14, 2003, with a second, third, and fourth phase opening in July 2004, March 2006 and July 2008 respectively. Tosu Premium Outlets® in Saga prefecture opened on March 12, 2004 and an expansion opened in December 2007. Toki Premium Outlets® opened in Gifu prefecture on March 4, 2005, followed by a second phase opening in October 2006. Kobe-Sanda Premium Outlets® in Kobe, Hyogo prefecture, opened on July 6, 2007 and an expansion opened in December 2009. Sendai-Izumi Premium Outlets® in Sendai, Miyagi prefecture, opened on October 16, 2008. Ami Premium Outlets® in Ibaraki prefecture, opened on July 9, 2009.

Chelsea Japan aims to develop Premium Outlet Centers® all over Japan, based on the concept of enabling visitors to enjoy shopping at leisure all day in exotic, out-of-the-ordinary surroundings.

Company Profile

Company Name

Chelsea Japan Co., Ltd.

Paid-in capital

499,000,000yen

Ownership Percentage

Chelsea Property Group, a divison of Simon Property Group, Inc. 40%
Mitsubishi Estate Co., Ltd. 60%

Date of establishment

July 2, 1999

Head office address

3-2-3 Marunouchi, Chiyoda-ku, Tokyo 100-0005, Japan

Officers

Chairman and Representative Director John R. Klein
President and Representative Director Toshihide Yoshimura
Senior Managing Director Kazushige Okuma
Managing Director Nobuyuki Abe

Activities

Development, ownership and management of Premium Outlet Centers® in Japan

Main Bank

Development Bank of Japan
The Bank of Tokyo-Mitsubishi UFJ
Mizuho Bank