For Sale: 3 buildings owned by Japan Tobacco
Japan Tobacco have recently put three of their buildings in central Tokyo up for public sale and are currently accepting bids. The properties for sale are:
- Roppongi Arents (Residential)
- JT Ebisu Minami Building (Commercial)
- Alive Nanpeidai II Building (Commercial)Read more
The Omotesando Project
Located at the Harajuku crossing and between the JR Railway lines and Co-Op Olympia, this 2,860sqm site has been sitting vacant for a few years now.
In August,2005, Raysum purchased the site and former building from Seibu Holdings and had plans for redevelopment. The total cost of the planned project was 40 billion JPY (an estimate from 2006 report). Construction was initially scheduled to start in April, 2007 and be completed by March, 2009.Read more
Two large scale redevelopments for Minato-ku in 2011
Two large scale redevelopment projects in Minato-ku are about to commence in 2011.
Sumitomo Realty & Development are planning for their "Roppongi 3 Chome East District Redevelopment" project. The total development size will be 200,000sqm (2,152,000 sqft).
Meanwhile, Kowa Real Estate are planning their "Akasaka 1 Chome District Redevelopment" project with a total area of 170,000sqm (1,829,200 sqft).Read more
90% of units sold out
The Roppongi Tokyo Club Residence made its initial sale offering of 92 units on July 17th, 2010. Over half of the units offered for sale were priced above 100,000,000 JPY. Of these 92 units, 90% have received purchase applications. The 7 penthouse apartments priced between 268,000,000 JPY and 480,000,000 JPY have all been sold.