Lead Real Estate Co., Ltd (NASDAQ:LRE), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo, today announced that on May 9, 2024, it completed the sale and delivery of a newly built single luxury income-producing condominium.

The 14-unit property, Excelsior Yoyogi Koenmae, located in Shibuya, Tokyo, is made from reinforced concrete and has four floors above ground. It has a building area of 7,533 square feet and land area of 3,600 square feet.

Due to a confidentiality agreement with the seller, the seller and the sale price are not disclosed. There are no capital, personal, or business relationships between the Company and the seller, and there are no special interests between the Company and the seller.