Singapore-based City Developments (CDL) and an US investment firm have purchased the historic and expansive estate of Seiko founder Kintaro Hattori in Shirokane for approximately 30.5 billion Yen (279 million USD).
CDL plan to develop luxury condominiums on the 16,815 sqm site and also plan to conserve the historic residence of Mr. Hattori which was built in 1933.
This is not the first time a developer has incorporated an existing historical building into a new development (although it is rare). The Brillia City Yokohama Isogo condominium complex in Yokohama City has been built around the restored villa of Prince Higashifumi Kunihide which dates from 1937.
Source: Channel News Asia, 30 September 2014.
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