Mitsubishi Corporation Urban Development, Inc. (Location: Chiyoda-ku, Tokyo; President & CEO: Kenji Morita) and The University of Osaka (Location: Suita, Osaka Prefecture; President: Atsushi Kumanogoh) signed a collaborative agreement on March 11, 2025 for the purpose of creating innovation through the utilization of the university's research findings. Under the agreement, the parties will engage in close collaboration and cooperation in the Banpaku-kinen-koen Station-front district, making use of both parties' human and intellectual resources.

Mitsubishi Corporation Urban Development has been selected as a scheduled corporate participant in the Banpaku-kinen-koen Station-Front District Revitalization Project (*1) of the government of Osaka Prefecture. The company is undertaking initiatives aimed at realizing the "creation of a new sports and culture hub representing Osaka and Kansai, centered on a large-scale arena."

Through the collaboration, The University of Osaka will promote a "new sports and cultural exchange hub" and "collaboration in fields including health and medical care" in the Osaka Hokusetsu area by working toward social implementation of the outcomes of its educational and research activities in fields including health and sports.

Mitsubishi Corporation Urban Development and The University of Osaka will work to verify specific initiatives aimed at realizing a well-being-oriented society under themes including "health and sports" and "health and medical care."

*1: Details of the Banpaku-kinen-koen Station-Front District Revitalization Project [link]

Since its founding as an Imperial University in 1931 under determined private-sector volition and funding, The University of Osaka has tackled solutions to social issues facing humanity through globally leading research capabilities and co-creation with society under a mission of contributing to society through education and research. Through seamless relationships with industry and other partners, the university has engaged with diverse stakeholders on issues spanning problem discovery to societal implementation. The outcomes of these endeavors find use in countless areas of everyday life.

The University of Osaka will continue contributing to the advancement of local communities in Osaka and to the creation of a robust, sustainable future society that protects lives and lifestyles worldwide.

Taking "To nurture the future of urban spaces through our power to imagine and realize change" as its stated Purpose, Mitsubishi Corporation Urban Development, Inc. engages in real estate and urban development unbound by convention, primarily in the industrial, retail, and entertainment domains. In the industrial domain, the company works in the area of dry logistics warehouses as well as the development of automated and other refrigerated and frozen warehouses, life sciences R&D facilities, and shared manufacturing/R&D facilities under the innoba brand. In the retail and entertainment domains, the company engages in the development of urban retail facilities, Neighborhood Shopping Centers (NSCs), and hotels, as well as arena development and event projects at Yokohama Red Brick Warehouse and other sites. The company also undertakes large-scale urban development centered on arenas and other features. Fully leveraging the comprehensive strengths of the Mitsubishi Corporation Group, which interfaces with a vast range of industries and customers in Japan and overseas, Mitsubishi Corporation Urban Development will nurture a prosperous future for cities together with customers and partners.