Tokyo Tatemono to Invest ¥165 Billion in Kyobashi Mixed-Use Redevelopment

Tokyo Tatemono Co ( (JP:8804) ) has issued an update.

Tokyo Tatemono will acquire part of the land and building in the Kyobashi 3-Chome Higashi District Urban Redevelopment Project in central Tokyo for approximately ¥165 billion, following the Tokyo governor’s approval of the project’s rights exchange. As a rights holder and committee member in the organizing body, the developer will help deliver a 35-story, mixed-use complex of offices, shops, and a hotel on a roughly 6,820-square-meter site, with phased openings from fiscal 2030 to 2032, though the investment has already been reflected in its 2026 earnings outlook and will not alter current forecasts.

The most recent analyst rating on (JP:8804) stock is a Buy with a Yen4602.00 price target. To see the full list of analyst forecasts on Tokyo Tatemono Co stock, see the JP:8804 Stock Forecast page.

More about Tokyo Tatemono Co

Tokyo Tatemono Co., Ltd. is a major Japanese real estate developer listed on the Prime Market of the Tokyo Stock Exchange under securities code 8804. The company focuses on large-scale urban redevelopment projects, developing offices, hotels, and retail facilities primarily in central Tokyo to enhance its property portfolio and recurring rental income base.

Average Trading Volume: 823,498

Technical Sentiment Signal: Buy

Current Market Cap: Yen742.3B

For detailed information about 8804 stock, go to TipRanks’ Stock Analysis page.