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
All 874 apartments in Osaka high-rise sold out prior to completion
All 874 apartments in the Osaka Hibiki-no-machi The Sanctus Tower have sold out two years prior to completion.
The 53-storey residential tower is being developed by Orix, Daikyo, Keihan Dentetsu Realestate, Daiwa House and Osaka Gas Urban Development.Read more
Akasaka Business Place sold
Daiwa Office Investment Corporation acquired Akasaka Business Place from Hakuba Capital 1 TMK (Angelo Gordon's SPC) for 9.2 billion Yen (approximately 92 million USD).Read more
Proud Minamiazabu Sold Out
All 88 apartments in Nomura's 'Proud Minamiazabu' condominium have sold prior to completion.
The 7-storey building is adjacent to the French Embassy in the exclusive Minamiazabu 4 Chome residential neighbourhood. This is a leasehold building, which means apartment owners do not own a share of the land. The land is leased from the Embassy under a 60 year fixed-term. At the end of the term, the land and building must be returned to the Embassy.Read more
Tepco sells head office bldg for 25 billion Yen
On September 27, Tepco announced that they had sold the Toshin Building in Shinbashi, Minato-ku, for 25 billion Yen (320 million USD).
The sale contract was signed on the 27th with a closing date scheduled for March 2013. The buyer has not been disclosed.Read more
Terrace Shibuya Mitake sold out 7 months prior to completion
Although completion is not expected until February 2013, the 128 apartments available for purchase in Terrace Shibuya Mitake have now been sold*.
The new apartment building is in a prime location just one minute from Shibuya station. New and near-new apartments this close to Shibuya station are very limited in number.
There are a total of 196 apartments in the 17-storey building, of which 68 will be given to original landholders from the Mitake Building which once stood on the site. The remaining 128 were sold by the developers.Read more