The former Kokusai Akasaka Building will be replaced with a 32-story office tower. The new building will have a floor area of 73,000 sqm (approx. 785,000 sq.ft).
Construction is scheduled to begin in 2021 with completion in 2024. The new building will be 160 meters tall – more than double the height of the building it is replacing.
The 6,000 sqm site is located above Tameike-Sanno Station and across the street from Sanno Park Tower and the Prime Minister’s Official Residence.
In 2019, Nippon Life Insurance Company paid 40 billion Yen to Sekisui House to acquire a 50% ownership share of the property. Sekisui House had acquired the property in 2014 for 74 billion Yen.
The former 20-story, 76-meter tall Kokusai Akasaka Building was built in 1973 for the Kokusai Motor Co., Ltd. (the km Group tax company). Demolition began in February 2019.
The Kensetsu Tsushin Shimbun, January 7, 2020.
Nikkei Business Publications, January 17, 2020.
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