SYLA Completes Construction of Its First Office Building, SYLA TOYOCHO, in Koto-ku, Tokyo

Rhea-AI Summary

SYLA has completed its first office building, SYLA TOYOCHO, in Koto-ku, Tokyo. Responding to demand for office space in central Tokyo, the building features a design that integrates harmoniously with the cityscape using materials like autoclaved lightweight concrete panels and glass. Located at 3-5-4 Toyo, Koto-ku, the structure has 10 floors above ground with a total floor area of 568.92m2 and a site area of 86.73m2. The building comprises 10 units, including restaurants on the lower floors and offices on the upper floors. SYLA, engaged in the real estate sales and management business, aims to support corporate growth and deliver new value to the Tokyo business community with this project.

The company operates the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, and develops investment condominiums under the SYFORME Series, targeting areas in Tokyo, Yokohama, and Kawasaki.

Positive

• SYLA completed its first office building, marking a significant milestone for the company.
• The SYLA TOYOCHO building responds to the rising demand for office space in central Tokyo.
• Strategic location in Koto-ku, Tokyo, enhancing the company's market presence.
• Blends harmoniously with the urban environment, potentially attracting high-profile tenants.
• Includes a mix of restaurants and offices, offering diverse rental opportunities.
• SYLA operates the largest real estate crowdfunding platform in Japan, Rimawari-kun.
• The company develops and manages investment condominiums, providing comprehensive real estate solutions.

Negative

• No financial data provided to gauge the project's impact on revenue or profitability.
• Potential risk of market saturation in Tokyo's office space sector.
• High competition from other real estate developers in the Tokyo area.
• No mention of occupancy rates or pre-leasing commitments, which could indicate uncertainty in tenant acquisition.

Responding to Demand for Office Space in Central Tokyo

TOKYO, June 06, 2024 (GLOBE NEWSWIRE) -- SYLA Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Yoshiyuki Yuto), a wholly owned subsidiary of SYLA Technologies Co., Ltd. (Head office: Shibuya-ku, Tokyo; CEO: Hiroyuki Sugimoto; NASDAQ: “SYT”), operator of the largest membership real estate crowdfunding platform in Japan, Rimawari-kun, has announced the planning and completion of its first office building in Toyo 3-chome, Koto-ku, Tokyo.

SYLA’s First Office Building

SYLA’s inaugural office building is designed with a concept that emphasizes the sharp, harmonious integration of materials, blending seamlessly with the cityscape. The design leverages the horizontal lines of the floor, utilizing simple materials such as autoclaved lightweight concrete (ALC) panels and glass. This approach emphasizes unity with the urban environment. At the building’s entrance, a gate facing the street enhances both convenience and aesthetic harmony with the city.

As demand for office buildings in central Tokyo stabilizes again, this new business location offered by SYLA is poised to bring innovation to the Tokyo business scene by supporting corporate growth and delivering new value to the business community.

SYLA TOYOCHO

Location: 3-5-4 Toyo, Koto-ku, Tokyo
Structure: 10 floors above ground, steel construction
Total floor area: 568.92m²
Site area: 86.73m²
Total number of units: 10 (1F-3F: restaurants (full-scale eating and drinking allowed; 3 stores), 4-10F: offices (7 stores))
Exclusive area: 1F: 50.00m², 2F-10F: 50.01m²
Business Owner: SYLA Co., Ltd.
Construction: Sankoh Build, inc.
Planning: Ryu Architects Co., Ltd.
Design Supervision: Base Co., Ltd.

Contact for Inquiries about Leases
Management Company: SYLA Co., Ltd.
Tel: +81-3-4560-0653 (direct line 3)
E-mail: chintai@syla.jp

Seller / Management Company
SYLA Co., Ltd. is engaged in the real estate sales business for individuals and real estate companies. The Company develops, constructs, sells, and manages new investment condominiums centering on its own brand, SYFORME Series, targeting the 23 wards of Tokyo and the Yokohama and Kawasaki areas. SYLA Co., Ltd. also provides total solutions for investment condominiums, from the sale of used investment condominiums to the renovation of living spaces. The Company’s one-stop service, including new construction, used condominiums, and condominium management, enables the selection of locations and the design of buildings that meet ever-changing needs. This approach allows us to provide compact condominiums with true value that generate stable, long-term earnings. Guided by the philosophy of creating properties that reflect its aspirations, SYLA Co., Ltd. is steadfast in its commitment to maintaining its position as the premier partner in asset formation through housing.

SYLA Technologies Company Contact
Takeshi Fuchiwaki
Director, Chief Growth Officer
irpr@syla.jp

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/cea13e61-0c7f-4532-9ba2-6432272534ae
https://www.globenewswire.com/NewsRoom/AttachmentNg/4b449ea2-989d-4edc-8018-9f244234a950

FAQ

What is SYLA TOYOCHO?

SYLA TOYOCHO is the first office building completed by SYLA in Koto-ku, Tokyo, featuring 10 floors with a mix of restaurants and office spaces.

Where is SYLA TOYOCHO located?

SYLA TOYOCHO is located at 3-5-4 Toyo, Koto-ku, Tokyo.

How many floors does SYLA TOYOCHO have?

SYLA TOYOCHO has 10 floors above ground.

What is the total floor area of SYLA TOYOCHO?

The total floor area of SYLA TOYOCHO is 568.92m2.

What is the business focus of SYLA?

SYLA is engaged in real estate sales and management, developing investment condominiums and operating the largest real estate crowdfunding platform in Japan, Rimawari-kun.

What type of units are available in SYLA TOYOCHO?

SYLA TOYOCHO offers a mix of restaurant units on the lower floors and office spaces on the upper floors.

What is the significance of SYLA TOYOCHO to SYLA's business?

SYLA TOYOCHO marks SYLA's first office building project, aligning with the demand for office spaces in central Tokyo and enhancing the company's presence in the real estate market.