SYLA Holdings Announces Completion of Settlement for Acquisition of Development Land for Real Estate for Sale

SYLA Holdings Co., Ltd. (Head office: Shibuya-ku, Tokyo; Representative Director, Chairman: Hiroyuki Sugimoto; Securities Code: 8887; hereinafter "the Company") announces that SYLA Co., Ltd. (hereinafter "SYLA"), a consolidated subsidiary of the Company, has completed the settlement for the acquisition of development land for real estate for sale, as detailed below.

**Development Plan Overview**

**Location**
Fujisawa City, Kanagawa Prefecture

**Purpose**
Collective housing (condominiums)

**Site Area**
283.48 m² (actual measurement)

**Total Floor Area**
1,330.97 m² (planned)

**Structure**
Reinforced concrete, flat roof, 13 stories (planned)

This development land was acquired for the construction and sale of SYFORME, the Company's flagship condominium brand.

This property is located in a highly convenient area within walking distance of JR Fujisawa Station, compactly condensing "administration, convenience, and nature." It has received high evaluations for its excellent balance, serving as a central function of the city while also offering a sense of nature and history, thus anticipating stable rental demand.

The Company will continue to actively promote development projects in areas where future asset value appreciation is expected, in order to support customers' asset formation.

Please check the Company's website for details.
https://syla-holdings.jp/ir/investor_relations/

**Future Outlook**
The contribution to business performance related to the acquisition of this development land is expected from the fiscal year ending May 2029 onwards.

**SYLA Holdings Co., Ltd. Company Profile**

**Head Office**: Ebisu Prime Square 7F, 1-1-39 Hiroo, Shibuya-ku, Tokyo
**Representative Director, Chairman & Group Executive Officer CEO**: Hiroyuki Sugimoto
**Founded**: September 1970
**Capital**: 2,363 million JPY
**Business Activities**: Comprehensive real estate business, construction business, renewable energy business, real estate tech business
**HP**: https://syla-holdings.jp

**Contact for this matter**
SYLA Holdings Co., Ltd.
Contact: Corporate Communications Department, Kubo