Mori Building says aims to join new Shanghai project

Mon Jul 27, 2009 2:01am EDT
 
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TOKYO, July 27 (Reuters) - Japan's Mori Building Co aims to join a new development project in Shanghai to build a shopping complex, while it sees growing signs of recovery in the property market at home, the company's president said.

The developer, which completed the Shanghai World Financial Centre in 2008, also plans to start this autumn a daily helicopter service between Tokyo and Narita International Airport, Mori Building President and CEO Minoru Mori, an influential building tycoon in Japan, told Reuters in an interview.

"We've also been asked (by Shanghai city) to come out with redevelopment ideas for the post-Shanghai Expo site and airport expansion plans there," said Mori, 75, who was ranked 19th on the Forbes list of Japan's richest in 2009. (Reporting by Mariko Katsumura; Editing by Chris Gallagher)

 

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