09 May 2024

Mitsui Fudosan UK appoints new Chief Executive as it assesses opportunities for growth

Mitsui Fudosan UK Ltd (‘Mitsui Fudosan’) has announced the appointment of Takeshi Iwama as its new Chief Executive, effective from May 2024.  Iwama succeeds Tomoo Nakamura, who is returning to Mitsui Fudosan’s Tokyo business after four years managing and growing the property company’s UK and European operations.

Iwama – a graduate of Waseda University – brings nearly three decades of global real estate experience to the role.  Having joined Mitsui Fudosan in 1996, he most recently held the post of Head of Strategy Planning Department in the International Division.

During his time at Mitsui Fudosan, Iwama has worked across both the commercial and residential real estate sectors in Japan.  More recently, he has served as Managing Director, Acquisitions, for Mitsui Fudosan America Co Ltd and as Executive Manager in the International Department covering interests in the UK and the US.  In his new role, Iwama will build on his wide-ranging experience to focus on strengthening existing partnerships in the UK – including those with Stanhope, Grosvenor and Edge – as well as seeking to grow Mitsui Fudosan’s investments in the UK and explore new opportunities across Europe.

Takeshi Iwama said: “This is a really exciting time to be heading up Mitsui Fudosan UK with a number of key, high profile development opportunities underway in London.  I would like to thank Tomoo for his significant achievements over the past four years.  He has built up a great team of people and established some strong and successful relationships with our business partners, in particular Stanhope, Edge and Grosvenor.  We hope we can continue to develop these relationships further over the coming years as well as identifying new investment opportunities – not only in the UK but also in other markets in Europe.”

Tomoo Nakamura added: “I have enjoyed the opportunity to lead Mitsui Fudosan UK and grow the range and scale of our operations in London over the past four years.  I wish Takeshi every success in a market which continues to offer significant potential for investment in many types of major new developments.”