Announced details
Reconstruction and rebuilding of aging condominiums, use of the Condominium Site Sale System, and development of for-sale condominiums
The Company was selected by the condominium owners’ association as its project cooperation partner in March 2024 and entered into a project cooperation agreement. In the condominium site sale association, the Company is the purchaser and the General Foundation Metropolitan Area Fireproof Building Public Corporation is the consultant.
The General Foundation Metropolitan Area Fireproof Building Public Corporation serves as the revitalization advisor to the condominium owners’ association for this property and as consultant to the condominium site sale association. Shibuya-ku is the local government authority responsible for certification and approval. Details of the condominium owners’ association for this property are not disclosed.
Daikanyamacho, Shibuya-ku, Tokyo
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
Ministry of Land, Infrastructure, Transport and Tourism (announcement concerning approximately 1.03 million condominiums built under the former earthquake-resistance standards as of the end of 2024)
| Item | Details |
|---|---|
| Names of Products / Services Covered | Daikanyama Project (provisional name), a for-sale condominium under the Will Rose Series |
| Counterparty | General Foundation Metropolitan Area Fireproof Building Public Corporation, Shibuya-ku, and the condominium owners’ association for this property |
| Counterparty overview | The General Foundation Metropolitan Area Fireproof Building Public Corporation serves as the revitalization advisor to the condominium owners’ association for this property and as consultant to the condominium site sale association. Shibuya-ku is the local government authority responsible for certification and approval. Details of the condominium owners’ association for this property are not disclosed. |
| Relationship with the Company | The Company was selected by the condominium owners’ association as its project cooperation partner in March 2024 and entered into a project cooperation agreement. In the condominium site sale association, the Company is the purchaser and the General Foundation Metropolitan Area Fireproof Building Public Corporation is the consultant. |
| Contract Date | March 2024 (project cooperation agreement with the condominium owners’ association) |
| Launch date | August 2026 (scheduled start of demolition work) |
| Applicable area | Reconstruction and rebuilding of aging condominiums, use of the Condominium Site Sale System, and development of for-sale condominiums |
| Location | Daikanyamacho, Shibuya-ku, Tokyo |
| Location scale | Site area: 264.29 m² |
| Source | Ministry of Land, Infrastructure, Transport and Tourism (announcement concerning approximately 1.03 million condominiums built under the former earthquake-resistance standards as of the end of 2024) |
Items this document does not state (8)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The condominium owners’ association adopted a reconstruction policy using the Condominium Site Sale System in response to the building’s aging and maintenance and management issues. The Company plans to develop a for-sale condominium that enhances asset and residential value by capitalizing on the characteristics of the Daikanyama location.