Takashimaya to acquire two stores in Tokyo
Takashimaya announced that they will acquire the remaining share in the Takashimaya Shinjuku Store from Tokyu Land for 105 billion Yen. There are also plans to acquire full ownership of the Tachikawa Takashimaya building and land from the Mitsubishi UFJ Trust and Banking Corporation for 12 billion Yen. Takashimaya already owns part of these properties through a subsidiary.Read more
The Naked Island in Hiroshima for sale
Sukune Island will go up for public auction in February. The uninhabited island was featured in the internationally acclaimed 1960 film 'The Naked Island'. The director, Kaneto Shindo, passed away in 2012 and associates and fans of the actor are looking for donations to purchase the island to honour his memory.Read more
Land foreclosed within Hakuba ski fields for first time
The ski resort town of Hakuba in Nagano Prefecture recently held an internet auction for several parcels of land within ski fields. This is the first time the town has foreclosed on land that forms part of a ski course.
Four parcels of land were within the Hakuba Iwatake Ski Fields and seven parcels of land were within the Hakuba Goryu Ski Area. They ranged in size from 500 ~ 9,000 sqm, but only made up a tiny portion of the total ski field area. Prices ranged from 1.3 ~ 3.9 million Yen. Read more
Shibuya City Office redevelopment to include new apartments
The redevelopment of the ageing Shibuya City Offices will include a 37-storey apartment building with 414 apartments.
Part of the development site will be leased to a developer on a 70-year term. The revenue from the leasehold is expected to cover the costs of the city office redevelopment. Five developers are bidding for the project, and the final decision will be made in the next few months.Read more