Mitsui Fudosan, a Japanese property developer, is expected to see its operating profit boosted by ¥5 billion in the two years to March 2020 as a result of a project in London, the Nikkei Asian Review reported on 16 September.
The redevelopment project, to include offices, a hotel and 432 apartments, will be completed in 2018. More than half of the apartments, which range in price from £700,000 to £7mn, have been sold.
The profit projection is premised on an exchange rate of ¥135/₤1.