Kasumigaseki Capital sells additional Ginza East hotel development site to Shimizu Corp unit

Reuters2026/08/28 06:37

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Kasumigaseki Capital expanded its Ginza EAST hotel site in Tokyo via an additional land purchase, then sold the parcel on Aug. 28.
Total site area now 568.21 sq. m, including 240.42 sq. m added from the adjacent lot.
Buyer: Shimizu General Development; transaction value not disclosed under a confidentiality agreement.
Deal closes the land phase, shifting the project into development; Kasumigaseki Capital will provide project management for the integrated build.
Profit impact already reflected in the consolidated earnings forecast for the fiscal year ending Aug. 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kasumigaseki Capital Co. Ltd. published the original content used to generate this news brief on August 28, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kasumigaseki Capital sells additional Ginza East hotel development site to Shimizu Corp unit

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