Mitsui Fudosan Explained

Mitsui Fudosan Co. Ltd.
Native Name:	三井不動産株式会社
Native Name Lang:	ja
Romanized Name:	Mitsui Fudōsan kabushiki gaisha
Type:	Public (KK)
Traded As:	Nikkei 225 component TOPIX Core30 component
Location:	Mitsui Main Building
Location City:	2-1-1 Nihonbashi-Muromachi, Chūō, Tokyo
Location Country:	Japan
Key People:	^[1] (Chairman) (President & CEO)
Industry:	Real estate
Revenue:	¥1,385 billion (March 31, 2010)
Net Income:	¥60 billion (March 31, 2010)
Owner:	Mitsui Group
Num Employees:	1,216 (Consolidated 15,922) (March 31, 2010)

is a major real estate developer in Japan. Mitsui Fudosan is one of the core companies of Mitsui Group.

Corporate structure

The company is organized into four divisions.^[2]

• Office Building Division
• Real Estate Solution Services Division
• Accommodation Business Division
• Retail Properties Division

Major projects

• In Tokyo, Mitsui undertook a major redevelopment project in the Nihonbashi district, where group founder Takatoshi Mitsui had his kimono shop during the 17th century.^[3] Mitsui also developed the "Gran Tokyo North Tower" office building at Tokyo Station.^[4]
• In New York City, Mitsui's first major project was the 2.3 million square foot Exxon Building (1251 Avenue of the Americas), which it acquired in the 1980s. It subsequently engaged in several other projects in the city together with local partners.^[5] It has announced plans to invest up to $1.25 billion in the 51-story 50 Hudson Yards tower as part of the Hudson Yards Redevelopment Project, which would be the largest overseas project by a Japanese real estate company in history.
• In Los Angeles, CA. Mitsui's first major project is a 42-story, 530 ft residential tower in the financial district of Downtown Los Angeles. The Figueroa Eight, is set to open for lease in late 2023.^{[6] [7]}
• In Honolulu, Hawaii, Mitsui owns and operates the ionic Halekulani hotel on Waikiki Beach.^[8]
• In Shanghai, it launched Mitsui Shopping Park LaLaport Shanghai Jinqiao, the first LaLaport to open outside of Japan.^[9]
• In Taiwan, it launched Mitsui Outlet Park Linkou, Mitsui Outlet Park Taichung Port and Mitsui Outlet Park Tainan.
• In Malaysia, Sepang, Mitsui had launched the Mitsui Outlet Park KLIA Sepang which was opened in July 2015, while the second phase of the outlet mall was opened in February 2018.
• In Malaysia, Kuala Lumpur, Mitsui had launched its first LaLaport mall in Southeast Asia known as Mitsui Shopping Park LaLaport Bukit Bintang City Centre located within the Bukit Bintang City Centre (BBCC) development, in collaboration with BBCC Development Sdn Bhd under a joint-venture agreement. Another upcoming project known as Mitsui Serviced Suites will also be constructed as part of Phase 2 of the BBCC's master plan.^[10]

Global network

Outside of Japan, the company currently owns 12 branch offices.^[11]

• Mitsui Fudosan America, Inc.
• Halekulani Corporation
• Mitsui Fudosan (U.K.) Ltd.
• Mitsui Fudosan (Asia) Pte. Ltd.
• Mitsui Fudosan (Shanghai) Consulting Co., Ltd.
• Mitsui Fudosan Consulting (Beijing) Co., Ltd.
• Mitsui Fudosan Consulting (Guangzhou) Co., Ltd.
• Mitsui Fudosan (Asia) Malaysia Sdn. Bhd.
• Mitsui Fudosan Australia Pty. Ltd.
• Mitsui Fudosan Asia (Thailand) Co., Ltd.
• Mitsui Fudosan Taiwan Co., Ltd.
• Mitsui Fudosan Co., Ltd. Hong Kong Branch

See also

• Hara Model Railway Museum, a model railway museum in Yokohama managed by Mitsui Fudosan
• Snoopy Concert
• The Oriental Land Company

Notes and References

1. Web site: Members of Board, Auditors (as of June 29, 2023) . 2024-01-08.
2. http://www.mitsuifudosan.co.jp/english/corporate/about_us/organization/index.html Mitsui Fudosan | Corporate Information | Organizational Chart
3. News: Iwamoto. Keigo. Mitsui Fudosan to build high-rise in New York. 22 January 2015. Nikkei. 22 January 2015.
4. Web site: グラントウキョウノースタワー. Mitsui Fudosan. 22 January 2015. dead. https://web.archive.org/web/20150122054316/http://www.mitsuifudosan.co.jp/project/grantokyo/index.html. 22 January 2015.
5. News: Ramey. Corinne. Japan's Mitsui Joins Hell's Kitchen Project. 8 June 2015. The Wall Street Journal. 7 June 2015.
6. Web site: Figueroa Eight – Johnson Fain .
7. Web site: 42-story 8th & Figueroa tower tops out in DTLA . 17 October 2022 .
8. Web site: ハレクラニ. Mitsui Fudosan. 22 January 2015. dead. https://web.archive.org/web/20150122050638/http://www.mitsuifudosan.co.jp/project/special/halekulani/infomation/index.html. 22 January 2015.
9. Web site: 2021-04-29. Life-size Freedom Gundam statue comes up in Shanghai, China. 2022-01-29. dlmag. en-US.
10. Web site: Chai Yee. Hoong. 2020-06-10. BBCC Development, Mitsui Fudosan ink RM242m en-bloc deal for serviced residence tower in Bukit Bintang City Centre. 2022-01-06. The Edge Markets.
11. "Corporate Data." Mitsui Fudosan. Retrieved on January 19, 2011.