TEPCO to sell Shinjuku hospital
TEPCO will be selling their Tokyo Denryoku Hospital in Shinjuku-ku to Tokyo Tatemono for an estimated 10 billion Yen (99 million USD). This works out to approximately 1,850,000 Yen/sqm for the land.
Tepco had originally planned to keep the hospital, but at a general shareholders meeting in June 2012, major shareholder and governor of Tokyo Naoki Inose demanded the building and land be sold. Read more