Real estate companies seeking compensation from TEPCO
Approximately 2000 real estate agents from Ibaraki Prefecture are seeking compensation from Tepco for loss of revenue caused by the various news reports and rumors surrounding radiation levels from the Fukushima Daiichi Nuclear Power Plant in the neighboring prefecture.
On September 13th, the industry group submitted an official letter demanding restitution to Tepco's Ibaraki Office, in what is believed to be Tepco's first case where a real estate group has demanded compensation.Read more
TEPCO doubles their real estate sell-off to 200 billion Yen
In order to raise funds to pay compensation for the Fukushima Daiichi Nuclear Power Plant disaster, Tepco are planning to sell approximately 200 billion Yen (2.6 billion USD) of their vast real estate holdings. One of their assets includes their company headquarters in Hibiya in central Tokyo which is expected to sell for 10 billion Yen (130 million USD).
The planned sell-off will include approximately 280 properties including company dormitories and company retreats.Read more