Shilla HD Completes Payment for Acquisition of Land for Development of Properties for Sale
Shilla HD has completed the acquisition of land for real estate development in Futaba, Shinagawa-ku, Tokyo.
📋 Article Processing Timeline
- 📰 Published: April 1, 2026 at 00:30
- 🔍 Collected: April 1, 2026 at 01:06 (36 min after Published)
- 🤖 AI Analyzed: April 16, 2026 at 13:50 (372h 43m after Collected)
Shilla Co., Ltd. (hereinafter referred to as "Shilla"), a consolidated subsidiary of Shilla Holdings Corporation (Headquarters: Shibuya-ku, Tokyo; Representative Director and Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter referred to as "the Company"), announces that it has completed the payment for the acquisition of the following land for the development of properties for sale.
Development Plan Overview
Location | Futaba, Shinagawa-ku, Tokyo |
Purpose | Land and condominium |
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 construction and sale of new condominiums.
The Shimo-shinmei area, where this property is located, has multiple stations within walking distance. It is also an extremely comfortable residential area where a quiet residential neighborhood and abundant parks coexist, while also being the center of Shinagawa Ward's functions.
The Company will continue to actively promote development projects in areas where future asset value is expected to increase, in order to support the asset building of our customers.
For details, please check our company 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.
Shilla Holdings Corporation Company Profile
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
[Inquiries Regarding This Matter]
Shilla Holdings Corporation
Contact: Kubota, Corporate Communications Department
FAQ
What is the purpose of this land acquisition?
It is for the construction and sale of new condominiums.
What are the characteristics of the development area?
The Shimo-shinmei area has multiple stations within walking distance. It is a comfortable residential area where a quiet residential neighborhood and abundant parks coexist, while also being the center of Shinagawa Ward's functions.
When is the contribution to earnings from this development expected?
It is expected to be from the fiscal year ending May 2028 onwards.