Tokyo office tower could be up for grabs for US$2.9 billion

Advertising and public relations giant Dentsu Group is considering selling their head office building in Shimbashi, Tokyo. With an estimated price somewhere around 300 billion Yen (approx. US$2.9 billion), this could end up as Japan’s most expensive single-building sale. Several potential buyers are apparently already lined up.

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Tokyo’s No. 2 Arterial Road to link bayside islands in 2022

The Tokyo government is aiming to have the No. 2 Arterial Road completed by 2022. This road will connect the man-made islands of Kachidoki, Harumi, Shin-Toyosu and Ariake with Shimbashi and provide more convenient access for trucks to access the new fish market and logistics facilities on the islands.

The opening of the road will be two years later than originally planned due to the delayed relocation of the Tsukiji Fish Market to Shin-Toyosu island. Part of the No. 2 road will need to pass through the fish market’s old location in Tsukiji, which means buildings will need to be demolished.

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Shimbashi to lose one of its oldest buildings

Tsutsumi Daiichi Building Shimbashi 7

Shimbashi is about to lose one of its oldest buildings as the 94-year old Tsutsumi Daiichi Building is about to be torn down to make way for redevelopment.

Built in 1920, the five storey building was designed by Yunosuke Sakai and built by Toyo Concrete Kogyo. It is an early example of reinforced-concrete construction and possibly the oldest existing multi-tenant concrete building in Tokyo. Japan’s first all-concrete building – the Yokohama Mitsui Bussan Building – was built just 9 years earlier in Yokohama. Sakai had assisted Oto Endo with the design of the Yokohama building.

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