Son sells Tiffany Building in Ginza
As part of their expansion in investment in the Ginza district, real estate company HULIC has acquired the Tiffany Ginza Building from SoftBank CEO Masayoshi Son this month. This was a joint purchase with Fuyo General Lease, a Mizuho Financial Group company.
Nakagin Capsule Tower could be spared from demolition
According to Jiji Press, the Nakagin Capsule Tower apartment building, a surviving icon of Japan’s metabolism movement in the 1970s, may soon have a savior in the form of a foreign corporation that is looking to acquire the land rights.
Ginza office floor sale sees price more than double within a year
Shioi Kosan, the private asset management company for fast-food bento maker Hotto Motto, has paid 25 billion Yen (approx. 230 million USD) to acquire the 8th floor of the Ginza Six retail and commercial building in Tokyo’s Ginza district. The sale price is more than double the price that the floor sold for 7 months prior.Read more
Land in Ginza to sell for 64 million Yen (570,000 USD) per square meter
Articles appearing in both the Nikkei Business Publication and the Business Journal have suggested that a block of land (with building) alongside Ginza’s main shopping street will be sold for a record price of up to 64 million Yen per square meter (approx. 570,000 USD/sqm or 53,000 USD/sq ft).
Proud Ginza Higashi Residence
Price when new: 66 ~ 219 million Yen (approx. 1,300,000 Yen/sqm)
Size range: 58.05 ~ 100.42 sqm (625 ~ 1,081 sq.ft)
Area: Akashicho, Chuo-ku
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Sales began in August 2017.
Proud Ginza Higashi Residence is located 1,100 meters, or a 14 minute walk from Ginza's main shopping avenue and 500 meters from Sumida River. It is a 2 minute walk from Shintomicho Station on the Yurakucho Subway Line.
The 12-storey building includes 102 two and three-bedroom apartments, and 22 car spaces. The resident lounge interior has been designed by Hirsch Bedner Associates (HBA). This firm has also done interiors for Four Seasons, Shangri-La and the Grand Hyatt.
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Ginza’s oldest bar to close
Ginza’s oldest bar will close this month and the historic 89-year old building is likely to be demolished as the 80-year old owner is struggling to maintain the ageing structure.
Bordeaux opened in 1927 in a two-story European-style building in the Ginza 8 Chome address. It hosted many famous patrons over the years including Mitsumasa Yonai (37th Prime Minister of Japan), and Isoroku Yamamoto (Japanese Marshal Admiral). Businessman Jiro Shirasu (Wikipedia), was said to have had a permanently reserved seat in front of the fireplace.Read more
Developer to raze 84-year old building in Ginza
Ginza is about to lose another of its pre-war buildings as an 84-year old office building is under demolition by a developer.
Demolition started in early September with the removal of asbestos. The building will be completely demolished by early November.Read more