Ryuta Takeuchi joins JLL from MItsubishi
With Japan continuing to stand out as a most favoured destination for institutional investors, JLL has strengthened its investment advisory services team in Asia’s second largest economy by naming former Mitsubishi executive Ryuta Takeuchi as head of capital markets for the country.
“Japan is firmly established as one of the world’s most attractive and dynamic commercial real estate markets and we expect more domestic and global investors to allocate funds to the space, said JLL Japan chief executive Toshinobu Kasai. “We’re excited to welcome Takeuchi to JLL and with his broad experience in the Japan and global real estate industry, we’re confident we will provide our clients with a competitive advantage that meets the demands for more sophisticated investment advisory solutions in Japan.”
In his new role, Takeuchi will be responsible for JLL’s capital markets business throughout Japan and will partner with the firm’s global team to facilitate investment opportunities into Japan’s commercial real estate market, while also advising domestic capital owners on outbound investment, JLL said in a statement.
With Japan continuing to hold down interest rates, the country’s real estate markets are gaining more attention from global players with come $36.1 billion in investment properties changing hands in the country last year, ranking it second only to China for market value in Asia Pacific, according to MSCI.
Quarter-Century of Experience
“Investors have long desired a greater exposure to Japanese real estate but increasingly understand the value of on-the-ground expertise and advisory bring when deploying capital,” said Stuart Crow CEO for capital markets in Asia Pacific for JLL. “Takeuchi’s standing as one of the leading professionals in Japan real estate investment will be a major asset to our clients looking to expand their investment footprint in one of the world’s most dynamic property sectors.”
Takeuchi is expected to use his more than 25 years of Japanese real estate experience to lead and formulate strategy for JLL’s brokerage and advisory services business in Japan and will be responsible for facilitating capital transactions across all asset classes and sectors, as well as providing clients with access to JLL’s equity and debt advisory services.
Before joining JLL, Takeuchi had served as president and chief executive of Mitsubishi’s Diamond Real Estate Management (DREAM) division since 1 April 2021, after first joining the Japanese conglomerate in 1996.
During his Mitsubishi career Takeuchi also served as head of executive management and of the strategy planning office in the company’s urban development group, managing director and chief executive of its MC Asset Management unit in Europe and co-chief executive of a private fund management joint venture with UBS.
Takeuchi is joining the US-based property consultancy after it recently brought on board Paul Davis and Shai Greenberg as co-leads for international capital in the country, with Tokyo having ranked second to only Singapore as the most favoured investor destination in a ULI survey of real estate professionals last year.
“The diversity of Japan’s domestic real estate industry provides us with a major opportunity to form deeper partnerships with local investors, developers, funds and owners,” said Rohit Hemnani, chief operating officer for capital markets at JLL Asia Pacific. “Under Takeuchi’s leadership we are confident of expanding our platform and solution offering to meet the evolving requirements of Japan’s sophisticated domestic market.”
Corporate Services Leadership
In a separate announcement, JLL this week named new leadership for its Work Dynamics division in Asia Pacific.
Sandeep Sethi sees his role growing
On Thursday, Sandeep Sethi was named Asia Pacific president of the division, which provides integrated facilities management, construction management, sustainability and workplace consulting, workplace experience, and lease transaction management for corporate occupiers.
In his new role, Sethi, who reports to Asia Pacific chief executive for work dynamics, Susheel Koul, will take on responsibility for mainland China and Hong Kong, while continuing his role as head of work dynamics for West Asia, where he looks after India, Sri Lanka, Mauritius and Bangladesh.
Sethi will continue to be based in Gurgaon, in India’s National Capital Region, as he assumes his new responsibilities.
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