2014/08/26

Development Near Shibuya Station

Construction of a building that will become a new landmark near Shibuya Station started this August. Scheduled to open in 2020 with 46 floors above ground and 7 floors below the building will have a height similar to Roppongi Hills (238 meters). It is set to provide a 30000m2 commercial facility as well as 70000m2 of space for offices making it the largest office space in the vicinity of Shibuya Station. While Shibuya is host to the head offices of many internet companies such as DeNA LINE CyberAgent and Mixi there has been little progress in accumulating further tenants due to the lack of supply of prime offices. However Shibuya is likely to gain a greater competitive edge over other areas as 216000m2 of office space will be supplied in a string of redevelopments including this building.

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Aoyama Realty Advisors Inc.
ARA Jingumae Building, 3-4-9 Jingumae
Shibuya-ku, Tokyo 150-0001
TEL: +81-3-5772-1941

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