Japanese developer Mitsui Fudosan is set to open a Mitsui Outlet Park in Taichung, Taiwan.
The plans, which will include a Mitsui LaLaport shopping mall, have been given official approval by the area administration following a delegation to led by Taiwan Mitsui Fudosan Group chairman Shitamachi Ichiro, which was granted an audience with Taichung’s Mayor Lu Shiow-yen.
The agreement brought a successful conclusion to discussions that had been underway since March last year. It is Mitsui Fudosan’s second LaLaport project in the country.
The site will undergo initial development work at the end of this month, aiming for an opening date during 2022. The complex is likely to generate employment for 3500 staff in the region.
A Taichung City government press release indicated a surge in Japanese investments into the area and a generally favorable outlook for the city’s consumer market.