SYLA Holdings Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director and Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter "the Company") hereby announces that its consolidated subsidiary, SYLA Co., Ltd. (hereinafter "SYLA"), has completed the settlement for the acquisition of the development land for real estate sales described below.
Development Project Overview
Location: Futaba, Shinagawa-ku, Tokyo Usage: Land and apartment building Site Area: 568.96 m² (registered) Total Floor Area: 1,314.06 m² (planned) Structure: Reinforced concrete, flat roof, 5 stories above ground
This property was acquired for the purpose of constructing and selling a new condominium.
The Shimoshinmei area, where this property is located, offers access to multiple train stations within walking distance. It is a highly comfortable residential area that balances the central functions of Shinagawa Ward with quiet residential streets and lush parks.
To continue supporting our customers' asset formation, the Company will continue to actively promote development projects in areas where future appreciation in asset value is expected.
Please check our website for further details. https://syla-holdings.jp/ir/investor_relations/
Future Outlook The contribution of this development land acquisition to the Company's financial results is expected to begin from the fiscal year ending May 2028.
SYLA Holdings Co., Ltd. Company Overview Headquarters: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo Representative Director and Chairman, Group Executive Officer CEO: 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 Website: https://syla-holdings.jp
[Inquiries regarding this matter] SYLA Holdings Co., Ltd. Contact: Corporate Communications Department, Kubo
FACT BOX
- Source: PR TIMES
- Category: financial