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SC Global Developments has acquired a 12-storey prime commercial development in Tokyo’s Ginza district.
Dubbed GINZA 12, the 7,785 sq ft property is located near the Higashi Ginza Metro Station at the intersection of two major streets, Showa Dori and Harumi Dori.
SC Global noted that the acquisition enables the group to diversify into a new geographical location while participating in Japan’s growing tourism market.
It revealed that the Ginza development is “set to become a foodies paradise with leases already secured with two renowned and respected Michelin star restaurant operators”.
“These include Kenji Takahashi, the young up and coming owner-chef of the Michelin star restaurant ‘Yoshifuku’ in Tokyo, which received its first Michelin star in 2017 for its delectable Kyoto cuisine,” it said.
“Another popular Michelin star restaurant operator set to open a new restaurant on the 8th floor is the team behind the exclusive sushi restaurant ‘Kamakura Izumi’ in Kanagawa prefecture, which was awarded its first Michelin star back in 2013.”
The property has witnessed robust interest, with more than 75 percent of units already leased to various specialty food and beverage operators serving up organic, yakitori, sushi, steak and Italian cuisine.
“We are excited about this acquisition which marks a new chapter in the group’s geographical diversification. Ginza is a fascinating place and we are overjoyed to have some exceptional Michelin star restaurant operators onboard, as we unveil our first property in one of the most luxurious shopping districts in the world,” said SC Global Developments CEO and chairman Simon Cheong.
This article was edited by Keshia Faculin.
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