Effective use of the former Tokyo office site through a fixed-term land lease
First written in FY2024-Q1. 2 of 3 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024AdvancedAnnual report
「In August, we effectively utilized our land holdings, including by entering into a general fixed-term land leasehold agreement in connection with the redevelopment of the former Tokyo Office site.」
After the agreement covering the former Tokyo Office site was executed, land rent was generated, beginning its contribution to the real estate leasing business. - FY2024-Q2AdvancedAnnual report
「In August this year, we entered into a general fixed-term land leasehold agreement in connection with the redevelopment of the former Tokyo Office in Sasazuka, Shibuya-ku, and received land rent.」
The company entered into a general fixed-term land leasehold agreement covering the former Tokyo Office site, progressing to the generation of land rent. The lease term is from 17 August 2023 to 31 December 2098. - FY2024-Q1First statedAnnual report
「This was intended to efficiently utilize the available land created within the existing site in connection with the rebuilding of the former Tokyo Office. Property location: 1-50-1 Sasazuka, Shibuya-ku, Tokyo; leased area: land, 8,156.34 m²; date of agreement: 17 August 2023; lease term: from 17 August 2023 to 31 December 2098」
The company disclosed its policy of entering into a general fixed-term land leasehold agreement with Mitsui Fudosan Residential Co., Ltd. covering land available for utilization following the rebuilding of the former Tokyo Office.