Mitsubishi Estate Community Holdings Co., Ltd., Mitsubishi Estate Community Co., Ltd., and Innoverios Co., Ltd. announced on April 4 that they will merge to strengthen their condominium management business.
Under the newly established Mitsubishi Estate Community Holdings in July 2014, Mitsubishi Estate Community has been promoting the comprehensive management of condominiums and buildings, while Innovelios has been providing management support for self-managed condominiums. The two companies, with their distinct business domains, have been developing their respective roles. Through this merger, they aim to further strengthen and revitalize their condominium management business.
Mitsubishi Estate Community will be the surviving company, while Mitsubishi Estate Community Holdings and Innovelios will be dissolved. The merger is scheduled to take effect on April 1.
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