Seiko to sell historical residence in Shirokane for an estimated 30 billion Yen
On August 12, Seiko Holdings announced that they will be selling the 81-year old residence of company founder Kintaro Hattori in Shirokane 2 Chome and are expected to post a gain of 8.5 billion Yen (82 million USD) from its sale. Managing Director Akio Naito said the property was of historical importance to the company and they will announce further details after the property is transferred at the end of September.
The residence was designed by architect Teitaro Takahashi (1892 - 1970) and built by Obayashi Corporation in 1933. Takahashi designed a number of residences, hotels and buildings including the Former Maeda Residence in Komaba Park (1928) and the Takashimaya Department Store in Nihonbashi (1933).
Hattori founded the Wako watch and jewellery shop in Ginza in 1881. The current Wako department store building in Ginza was built in 1932 as the K. Hattori Building and replaced Hattori's original store which had been demolished in 1921. Naturally, the clock atop the building is a Seiko.Read more