A subsidiary of SYLA Holdings has sold real estate held for sale and concluded a construction contract for the building planned by the buyer.
SYLA Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director and Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter "the Company") announces that its consolidated subsidiary, SYLA Co., Ltd., resolved at a Board of Directors meeting held today to sell real estate held for sale and to conclude a construction contract for the building that the buyer plans to construct on the site.
Overview of the Transaction
Real Estate Sales Contract
LocationIrie, Kanagawa-ku, Yokohama-shi, Kanagawa PrefectureTypeLandLand Area1,713.13 m² (measured area)
Construction Contract
UsageMulti-family housingFloor Area Ratio (Target)3,424.16 m² (planned)Structure/ScaleReinforced concrete, 6 stories above ground (planned)
FACT BOX
- Source: PR Times
- Category: News
FAQ
What is the main announcement made by SYLA Holdings Co., Ltd. today?
SYLA Holdings Co., Ltd. announced that its consolidated subsidiary, SYLA Co., Ltd., has resolved to sell real estate held for sale and to conclude a construction contract for a building to be constructed on the site.
Where is the real estate that is being sold located?
The real estate being sold is located in Irie, Kanagawa-ku, Yokohama-shi, Kanagawa Prefecture.
What is the type and measured area of the land being sold?
The type of real estate being sold is land, with a measured area of 1,713.13 square meters.
What is the planned usage and scale of the building to be constructed on the sold land?
The planned usage of the building is multi-family housing, with a planned floor area ratio of 3,424.16 square meters, and it is planned to be a 6-story reinforced concrete structure above ground.
Which subsidiary of SYLA Holdings is responsible for the resolution regarding the real estate sale and construction contract?
SYLA Co., Ltd., a consolidated subsidiary of SYLA Holdings Co., Ltd., is the entity that resolved at its Board of Directors meeting to proceed with the real estate sale and construction contract.
