Foreigner-Focused Agency Receives Special Award in Mitsubishi Estate Business Competition
On November 14th, 2017, Mitsubishi Estate (based in Chiyoda Ward, Tokyo) hosted its business plan contest known as “Corporate Accelerator Program”, and foreigner-focused leasing intermediary company FREA Co., Ltd. (based in Chiyoda ward, Tokyo) was selected to receive a special prize.
FREA, in response to the underfilled demand by foreigner tenants for furnished housing properties, currently offers the leasing of essential furniture and appliances, along with other supplemental services which help to facilitate a comfortable life in Japan.
The “Corporate Accelerator Program” aims to collect business proposals—from venture projects and existing companies alike—and establish new business models in conjunction with Mitsubishi Estate and its numerous assets, sales channels, and financial expertise.
Entries were accepted earlier this year from June through October, with a total of 255 applicants received.
Mitsubishi Estate cited the company’s keen focus on the increasing influx of residents from overseas, and its relevance from a consumer perspective as a service dealing closely with the complicated process of relocation as key factors in selecting FREA for the award.
Award recipient, CEO Nana Yamakawa of FREA stated, “To receive recognition from such a large-scale corporation as Mitsubishi Estate is a great boost of confidence to our company. We hope this further invigorates the ongoing expansion of our business.”