Syla Co., Ltd. (hereinafter referred to as "Syla"), a consolidated subsidiary of Syla Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter referred to as "the Company"), today announces that it has completed the payment for the acquisition of development land for properties for sale, as detailed below. Development Plan Overview Location Yochomachi, Shinjuku-ku, Tokyo Purpose Land and condominium Site Area 557.35 m² (Registered Area) Total Floor Area 2,290.65 m² (Planned) Structure 10-story reinforced concrete building

This property was acquired for the sale of new condominiums for owner-occupiers (newly built condominiums for those purchasing as a primary residence). The Yochomachi area, where this property is located, is within walking distance of stations on multiple train lines, yet is an area away from the hustle and bustle of the city. It is an area where history and tranquility coexist, having been favored by literary figures during the Edo period. The Company will continue to actively promote development projects in areas where future asset value appreciation is expected, in order to support the asset building of our customers.

For details, please check our website. https://syla-holdings.jp/ir/investor_relations/ Future Outlook The contribution to earnings from the acquisition of this development land is expected to be from the fiscal year ending May 2028 onwards. Syla Holdings Co., Ltd. Company Profile Headquarters: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo President and CEO, Group Executive Officer: Hiroyuki Sugimoto Founded: September 1970 Capital: 2,363 million yen Business Activities: Comprehensive real estate business, construction business, renewable energy business, real estate tech business HP: https://syla-holdings.jp

【Inquiries Regarding This Matter】 Syla Holdings Co., Ltd. Contact: Kubota, Corporate Communication Department

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  • Source: PR TIMES
  • Category: News