BIROTTA (3452) announced that it has completed the sale of a revenue-generating apartment building in Shibuya Ward, Tokyo, which the company had been working on.

The property is located a 7-minute walk from JR Yamanote Line, Tokyo Metro Ginza Line, and other "Shibuya" stations. Particularly, Shibuya-ku, Shibuya 2-chome, where the property is located, is a target area of the "Shibuya Station East District Area Plan" and is an area with high scarcity even in Shibuya Ward, which continues to develop.

It is a 5-story reinforced concrete building with a site area of 118.83 square meters and a total floor area of 431.66 square meters, completed in June 1997.

In recent years, as inflation has intensified and construction costs have continued to rise, buildings like this property that can be fully utilized by the company on every floor have become in high demand. Therefore, it was decided to sell it to a business company planning to use the entire building for their own use.

The company group will continue to contribute to the profitability improvement of properties and the development of regional business using its in-house expertise to meet various needs in the future.