TOKYO, Jun 23 (Pulse News Wire) – Dear Life CO.,LTD. (3245.T) announced today that it has acquired land near the Tokyo Skytree for office development.
The property, located adjacent to the "Tokyo Minami-Za," a renowned cultural landmark, offers excellent accessibility to major business districts such as Shinjuku and Nihonbashi, as well as direct access to popular tourist areas like Asakusa and Oshiage. The site spans 360.94 square meters (approximately 109.18 tsubo) and is situated within a minute's walk from the Toei Asakusa Line’s “Nihonbashi” station and the Toei Shinjuku Line’s “Hamacho” station. It also provides convenient connections to other nearby stations including JR Sobu Rapid Line’s “Hamacho” station, four minutes away, and Toei Shinjuku Line’s “Hamamatsuchō” station, seven minutes away. Funding for the acquisition was sourced through internal funds and loans from financial institutions.
The company plans to develop a high-rise office building with approximately 517.15 tsubo (about 1,707.34 square meters) dedicated to office space across 11 floors. Development specifics, however, remain subject to potential changes. Additionally, due to confidentiality agreements with the seller, details regarding the transaction price and party are undisclosed. The company assures there are no capital, personal, or transactional relationships with the seller that would pose conflicts of interest.
Looking ahead, Dear Life anticipates that revenue from this project could contribute to its fiscal year ending September 2029 sales figures.
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