Mitsui Fudosan
{{Short description|Japanese real estate developer}}
{{Infobox company
| name = 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
| logo = Mitsui Fudosan logo (2024).svg
| image = Mitsui Main Building.jpg
| traded_as = {{plainlist|
- {{tyo|8801}}
- Nikkei 225 component
- TOPIX Core30 component}}
| location = Mitsui Main Building
| location_city = 2-1-1 Nihonbashi-Muromachi, Chūō, Tokyo
| location_country = Japan
| key_people = {{ill|Masanobu Komoda|jp|菰田正信}}{{Cite web |url=https://www.mitsuifudosan.co.jp/english/corporate/officer/ |title=Members of Board, Auditors (as of June 29, 2023) |accessdate=2024-01-08}} (Chairman)
{{ill|Takashi Ueda|jp|植田俊}} (President & CEO)
| industry = Real estate
| revenue = ¥1,385 billion (March 31, 2010)
| net_income = ¥60 billion (March 31, 2010)
| num_employees = 1,216 (Consolidated 15,922) (March 31, 2010)
| homepage = {{URL|http://www.mitsuifudosan.co.jp/english}}
| foundation = {{start date and age|1941|07|15}}
}}
{{Nihongo|The Mitsui Fudosan Co., Ltd.|三井不動産株式会社|Mitsui Fudōsan kabushiki gaisha|lit. "Mitsui Real Estate Share Company"}} is a major Japanese real estate developer with properties located globally. Mitsui Fudosan is one of the core companies of Mitsui Group.
Corporate structure
The company is organized into four divisions.[http://www.mitsuifudosan.co.jp/english/corporate/about_us/organization/index.html Mitsui Fudosan | Corporate Information | Organizational Chart]
- 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.{{cite news|last1=Iwamoto|first1=Keigo|title=Mitsui Fudosan to build high-rise in New York|url=http://asia.nikkei.com/Markets/Property/Mitsui-Fudosan-to-build-high-rise-in-New-York|access-date=22 January 2015|agency=Nikkei|date=22 January 2015}} Mitsui also developed the "Gran Tokyo North Tower" office building at Tokyo Station.{{cite web|title=グラントウキョウノースタワー|url=http://www.mitsuifudosan.co.jp/project/grantokyo/index.html|publisher=Mitsui Fudosan|access-date=22 January 2015|url-status=dead|archive-url=https://web.archive.org/web/20150122054316/http://www.mitsuifudosan.co.jp/project/grantokyo/index.html|archive-date=22 January 2015}}
- 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.{{cite news|last1=Ramey|first1=Corinne|title=Japan's Mitsui Joins Hell's Kitchen Project|url=https://www.wsj.com/articles/japans-mitsui-joins-hells-kitchen-project-1433729891?tesla=y|access-date=8 June 2015|work=The Wall Street Journal|date=7 June 2015}} 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.{{cite web | url=https://johnsonfain.com/projects/architecture/residential/eighth-figueroa/ | title=Figueroa Eight – Johnson Fain }}{{cite web | url=https://la.urbanize.city/post/42-story-8th-figueroa-tower-tops-out-dtla | title=42-story 8th & Figueroa tower tops out in DTLA | date=17 October 2022 }}
- In Honolulu, Hawaii, Mitsui owns and operates the ionic Halekulani hotel on Waikiki Beach.{{cite web|title=ハレクラニ|url=http://www.mitsuifudosan.co.jp/project/special/halekulani/infomation/index.html|publisher=Mitsui Fudosan|access-date=22 January 2015|url-status=dead|archive-url=https://web.archive.org/web/20150122050638/http://www.mitsuifudosan.co.jp/project/special/halekulani/infomation/index.html|archive-date=22 January 2015}}
- In China, it launched Mitsui Shopping Park LaLaport Shanghai Jinqiao in Shanghai, the first LaLaport to open outside of Japan.{{Cite web|date=2021-04-29|title=Life-size Freedom Gundam statue comes up in Shanghai, China|url=https://dlmag.com/life-size-freedom-gundam-statue-comes-up-in-shanghai-china/|access-date=2022-01-29|website=dlmag|language=en-US}}
- In Taiwan, it launched Mitsui Outlet Park Linkou in 2016, Mitsui Outlet Park Taichung Port in 2018 and Mitsui Outlet Park Tainan in 2022; as well as Mitsui Shopping Park LaLaport Taichung in 2023 and Mitsui Shopping Park LaLaport Taipei Nangang in 2025.{{Cite news|first=Charlotte|last=Lee|date=2025-03-20|title=Taipei welcomes first Lalaport mall|url=https://www.taiwannews.com.tw/news/6064525|access-date=2025-03-21|work=Taiwan News}}
- 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 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.{{Cite web|first=Chai Yee|last=Hoong|date=2020-06-10|title=BBCC Development, Mitsui Fudosan ink RM242m en-bloc deal for serviced residence tower in Bukit Bintang City Centre|url=http://www.theedgemarkets.com/article/bbcc-development-mitsui-fudosan-ink-rm242m-enbloc-deal-serviced-residence-tower-bukit|access-date=2022-01-06|website=The Edge Markets}}
Global network
Outside of Japan, the company currently owns 12 branch offices."[http://www.mitsuifudosan.co.jp/english/corporate/about_us/outline/index.html Corporate Data]." Mitsui Fudosan. Retrieved on January 19, 2011.
- 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
{{Portal|Tokyo|Companies}}
- Hara Model Railway Museum, a model railway museum in Yokohama managed by Mitsui Fudosan
- Snoopy Concert
- The Oriental Land Company
References
{{Reflist}}
External links
{{Commons category|Mitsui Fudosan}}
- {{Official website|http://www.mitsuifudosan.co.jp/english/index.html}}
{{Mitsui Fudosan|state=autocollapse}}{{Mitsui|state=autocollapse}}
{{TOPIX 100}}
{{Nikkei 225}}
{{Authority control}}
Category:Real estate companies established in 1941
Category:Real estate companies based in Tokyo
Category:Japanese companies established in 1941
Category:Companies listed on the Tokyo Stock Exchange
Category:Companies in the Nikkei 225
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