Retail in Asia


Japan’s Mitsui Fudosan opens first shopping destination in Taiwan

Tokyo-headquartered real estate company Mitsui Fudosan is set to host the grand opening of Mitsui Shopping Park LaLaport Taichung, the first LaLaport development in Taiwan, on May 16.

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The shopping park’s south building earlier opened in January 2023 with 41 stores, part of a broader strategy to build its outlet business in Taiwan’s three major urban areas: Taipei, Taichung, and Tainan. Mitsui Fudosan also cited plans to further invest in retail properties in Taiwan.

Among the 300 shops and restaurants opening at the shopping park are a number of Japanese brands, including a joint opening by Fast Retailing’s Uniqlo and GU, food court Omotenashi Dining, and the supermarket chain Lopia, which would mark its first store outside of Japan.

Around 25 of the stores being brought in are opening in Taiwan for the first time. The north building will feature a diverse selection of multi-brand stores and Japanese fashion brands, such as Briefing, Hare, and Nano Universe, as well as new concept stores for brands Vivienne Westwood, North Face, and Tommy Hilfiger.

Other international brands opening in the development include Aesop, AllSaints, Nike Kick Lounge, Sabon, and Shiseido.

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Mitsui Fudosan looks to boost its outlet mall business particularly in Taiwan and Kuala Lumpur, in addition to its LaLaport business in Shanghai.