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January 31, 2001 |
Mitsubishi Estate Take Joint
Ownership Stake in Sanno Park Tower
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| Mitsubishi Estate Co., Ltd. today announced
the decision to acquire a joint ownership stake in the
Sanno Park Tower through an agreement to purchase shares
held by Nikko Sohonsha Co., Ltd. Details are as follows:
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| 1. Sanno Park Tower Outline (as of
January 22, 2001) |
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Location: |
2-11-1 Nagatacho, Chiyoda-ku, Tokyo,
Japan |
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Land Area: |
14,980.57 square meters |
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Building Type: |
Steel-framed reinforced-concrete
44 floors aboveground, 4 floors underground, 2-floor
structure on roof |
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Building Floor
Space: |
217,314.45 square meters |
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Construction Completed:
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January 2000 |
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Main Tenants: |
NTT DoCoMo, Mitsubishi Trust &
Banking, Deutsche Bank Group,
others |
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| 2. Property to be Acquired |
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1) Land |
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(i) Lot No.: |
2-86-1, Nagatacho, Chiyoda-ku, Tokyo,
Japan |
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(ii) Land Area: |
1,640.34 square meters recorded in
official register |
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2) Building |
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(i) Total Floor Space: 25,991.35 square
meters
(12.125% of building’s registered floor space,
214,364.49 square meters) |
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3) Stockholdings |
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(i) 1,746 shares of Sanno Netsu Kyokyu
Co., Ltd.
(par value: 50,000 yen/share, 10.91% of all shares
issued) |
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| 3. Purchase Price: |
24 billion yen |
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| 4. Acquisition
Date (planned) |
First half to be acquired on March 30, 2001
Second half to be acquired on March 29, 2002 |
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