Mitsui Fudosan UK appoints new chief executive

Mitsui Fudosan UK has named Takeshi Iwama as its new chief executive, as the business explores opportunities for growth.  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 has 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. He also served as managing director for acquisitions at Mitsui Fudosan America Co 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 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.  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.” 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.”