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Sumitomo Realty Seeks $700 Million Office Sale Amid Elliott Push
Sumitomo Realty Seeks $700 Million Office Sale Amid Elliott Push

Bloomberg

time12-06-2025

  • Business
  • Bloomberg

Sumitomo Realty Seeks $700 Million Office Sale Amid Elliott Push

Sumitomo Realty & Development Co., the Japanese developer facing pressure from Elliott Investment Management to boost its value, is seeking to sell a group of office properties in Tokyo for at least ¥100 billion ($700 million), according to people with knowledge of the matter. The developer has earmarked 19 midsized office buildings for the divestment, according to documents seen by Bloomberg. It has asked real estate investment firms and agencies to estimate the value of the offices, which it is considering selling separately, the people said, asking not to be identified because the matter is private. It is also weighing the sale of eight rental apartment buildings in the city, they said.

EDO TOKYO TIMELESS EXHIBITION Decided to Be Held
EDO TOKYO TIMELESS EXHIBITION Decided to Be Held

Yahoo

time27-02-2025

  • Entertainment
  • Yahoo

EDO TOKYO TIMELESS EXHIBITION Decided to Be Held

It also includes workshops where you can experience Japan's traditional craftsmanship! TOKYO, February 27, 2025--(BUSINESS WIRE)--From Friday, March 7 to Sunday, March 9, 2025, Tokyo Metropolis will hold the "Edo Tokyo Kirari Project's EDO TOKYO TIMELESS Exhibition: Encountering Tokyo's Time-Honored Brands at Wakeijuku" at Wakeijuku in Bunkyo-ku, famed as the former residence of Marquis Hosokawa. Tokyo Metropolis has implemented the Edo Tokyo Kirari Project, based on the concept of "Old meets New," to hone the traditional skills, products of long-established shops, and so on throughout Edo-Tokyo from new perspectives and to spread their value and appeal in Japan and overseas as a brand that represents Tokyo. This time, we will hold a hands-on exhibition to have many people learn about this project furthermore. This exhibition will see 39 model businesses participate, each offering the value and appeal of historical, traditional industries in new forms. We will exhibit each model business's techniques and products to allow visitors to see and experience in person the traditional skills of food, clothing, and shelter that Edo-Tokyo boasts to the world. In addition, we will offer workshops where visitors can experience and enjoy each business's techniques, such as Kumiko woodcraft and Kumihimo braiding. The exhibition will also feature special products created in collaboration with Parisian designers, which were exhibited at the French international trade fair Maison&Objet Paris. Enjoy traditions beloved and passed down over the ages, from Edo to Tokyo, from various perspectives. Please see our special article for details about the Event Overview Name: Edo Tokyo Kirari Project's EDO TOKYO TIMELESS Exhibition: Encountering Tokyo's Time-Honored Brands at Wakeijuku Dates and times: 10:00 - 17:00, Friday, March 7 to Sunday, March 9, 2025 *10:00 to 16:00 on the last day only. Venue: Wakeijuku Honkan (former Marquis Hosokawa residence) 1-21-2 Mejirodai, Bunkyo-ku, Tokyo, 112- 8682 *No parking is available, so please do not come by car. Admission: Free (costs apply to joining the workshops, etc.) Organizers: Tokyo Metropolis, Edo Tokyo Kirari Project Details: Displays, workshops, sales, etc., related to the techniques and products of Edo Kirari Project model businesses Overview of the Edo Tokyo Kirari Project & Links Website: Special article on exhibition: Instagram: Facebook: Overview of WakeijukuWakeijuku Honkan (former Marquis Hosokawa residence) is a typical early Showa-era mansion of Kazoku (Japanese peerage). It was built in 1936 by Marquis Moritatsu Hosokawa, the 16th head of the family. In 1955, Kisaku Maekawa purchased the former Marquis Hosokawa house and its over-23,000 m2 estate from the family and established a male students' dormitory called Wakeijuku within the grounds. Aside from once or twice a month, the grounds are normally closed to the public, but they will be open during this three-day event. Wakeijuku Honkan (former Marquis Hosokawa residence) Official Sitehttps:// View source version on Contacts Inquiries about the Edo Tokyo Kirari ProjectPlanning and Coordination Section, General Affairs Division, Bureau of Industrial and Labor Affairs, Tokyo Metropolitan Government2-8-1 Nishishinjuku, Shinjuku-ku, Tokyo Japan 163-8001Tel: +81-3-5320-4685E-mail: S0290106@ Sign in to access your portfolio

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