TEPCO sells Ginza building for 23.4 billion Yen
The Tokyo Electric Power Company (TEPCO) have sold a building and land in Ginza 3 Chome to the Yomiuri Shimbun newspaper company for 23.455 billion Yen (240 million USD).
Yomiuri will acquire the 1152 sqm (12,400 sqft) block of land on September 2. They will purchase the building separately in March 2016 for 100 million Yen. The reason for the delay is due to the time required to remove a transformer substation located in the building's basement. In the meantime, TEPCO will pay rent to Yomiuri and continue to use the building.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
Town in Fukushima demands 19.2 billion Yen in compensation for lost real estate
The town of Futaba, which fell within the exclusion zone around the Fukushima nuclear plant, is demanding 19.2 billion Yen (234 million USD) in compensation from TEPCO for the loss of use of the town's real estate.
The town is claiming damages for loss of use to town-owned land, government buildings and schools. There are a total of 51 unusable buildings that were mentioned in the claim. A representative from TEPCO said this was the first time they received a real estate related claim from a town or city.Read more
Tepco to sell off 70 ~ 80% of their real estate assets
As Tepco's financial situation worsens rapidly, they are being forced to sell off more real estate in order to pay for the growing compensation to victims of the nuclear power plant disaster.
In September 2011, Tepco began selling off some of their large real estate holdings. The real estate included company dormitories and retreats. So far, Tepco has sold 40 properties for a total value of 6 billion Yen (75 million USD).Read more
Six hotels demand compensation from TEPCO
Six hotels in Akita Prefecture are seeking a total of 12.8 million Yen (166,000 USD) in compensation from TEPCO. The hotels claim that the nuclear power plant disaster has led to cancellations from foreign visitors, which has reduced their operating revenue.
The hotels are part of the Akita Prefecture Ryokan Association. The Association submitted the claim for compensation to TEPCO on their behalf. The claim by each hotel ranges from 120,000 to 5,200,000 Yen.Read more
Tepco finds buyer for Suginami sports ground
Suginami-ku announced plans to purchase a 4.3 hectare sports ground in Shimotakaido 2 Chome from troubled Tepco. The Tokyo ward has included the 6 billion Yen acquisition cost in their 2012 budget.
The sports ground includes tennis courts, a baseball field and a running track. Tepco had previously leased the grounds to the ward for local residents to use.Read more
Tepco to sell apartment building in Nagoya
As part of their restructuring in order to pay compensation to victims of the Fukushima Daiichi Nuclear disaster, Tepco will be selling an apartment building they own in Nagoya City.
"Solcher Tsurumai" is a 14-storey, 2 basement apartment complex that was built in 1999. It has a total floor area of 22,000 sqm and is on a 3500 sqm site. There is a supermarket on the 1st floor and residential units from the 2nd floor and above. Tepco purchased the building in 2001 through their subsidiary, Toden Real Estate.Read more