Announcement Regarding Completion of Settlement for Acquisition of Development Land for Real Estate for Sale
SYLA Co., Ltd., a consolidated subsidiary of SYLA Holdings Co., Ltd., has completed the settlement for the acquisition of development land in Takinogawa, Kita-ku, Tokyo, for its "SYFORME" condominium brand. The strategic acquisition in the highly livable Nishi-Sugamo area is expected to enhance future asset value.
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- 📰 Published: April 28, 2026 at 22:30
- 🔍 Collected: April 28, 2026 at 14:01
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SYLA Co., Ltd. (hereinafter referred to as "SYLA"), a consolidated subsidiary of SYLA Holdings Co., Ltd. (Head Office: Shibuya-ku, Tokyo; Representative Director and Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter referred to as "the Company"), announces the completion of the settlement for the acquisition of development land for real estate for sale, as detailed below.
Development Plan Overview
Location: Takinogawa, Kita-ku, Tokyo
Usage: Multi-unit housing
Site Area: 165.06 m² (registered area)
Total Floor Area: 1,191.64 m² (planned)
Structure: Reinforced concrete, flat roof, 13-story building (planned)
This development land was acquired for the construction and sale of "SYFORME," the Company's flagship condominium brand.
The Nishi-Sugamo area, where this property is located, has gained a high reputation for livability due to its good public safety and flat terrain with few slopes, and its excellent access to the city center is expected to generate stable rental demand.
The Company will continue to actively promote development projects in areas where future asset value improvement can be expected, in order to support our customers' asset formation.
Please refer to the Company's website for details.
https://syla-holdings.jp/ir/investor_relations/
Future Outlook
Contribution to performance related to this development land acquisition is expected from the fiscal year ending May 2029 onwards.
SYLA Holdings Co., Ltd. Company Overview
Head Office: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
Representative Director and Group Executive Officer CEO: Hiroyuki Sugimoto
Founded: September 1970
Capital: 2,363 million yen
Business: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
HP: https://syla-holdings.jp
[Contact regarding this matter]
SYLA Holdings Co., Ltd.
Contact: Corporate Communications Department, Kubo
Development Plan Overview
Location: Takinogawa, Kita-ku, Tokyo
Usage: Multi-unit housing
Site Area: 165.06 m² (registered area)
Total Floor Area: 1,191.64 m² (planned)
Structure: Reinforced concrete, flat roof, 13-story building (planned)
This development land was acquired for the construction and sale of "SYFORME," the Company's flagship condominium brand.
The Nishi-Sugamo area, where this property is located, has gained a high reputation for livability due to its good public safety and flat terrain with few slopes, and its excellent access to the city center is expected to generate stable rental demand.
The Company will continue to actively promote development projects in areas where future asset value improvement can be expected, in order to support our customers' asset formation.
Please refer to the Company's website for details.
https://syla-holdings.jp/ir/investor_relations/
Future Outlook
Contribution to performance related to this development land acquisition is expected from the fiscal year ending May 2029 onwards.
SYLA Holdings Co., Ltd. Company Overview
Head Office: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
Representative Director and Group Executive Officer CEO: Hiroyuki Sugimoto
Founded: September 1970
Capital: 2,363 million yen
Business: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
HP: https://syla-holdings.jp
[Contact regarding this matter]
SYLA Holdings Co., Ltd.
Contact: Corporate Communications Department, Kubo