Keio Corporation will be modifying its development project at the Shinjuku Station Southwest Entrance area.
Due to the delay in starting construction of the new building in the southern section, the project timeline will be revised. Originally scheduled to be completed by the fiscal year 2028, the timeline is now indefinite.
This development project is being carried out in collaboration with JR East Japan. It was initiated to replace over 50-year-old deteriorated buildings, and aims to integrate the station, the station square, and the station building cohesively. The southern section features a 37-story building above ground with 6 underground floors, accommodating shops, offices, an international standard luxury hotel, and a parking lot.
The impact on the financial results for the fiscal year ending March 2025 is expected to be minor.
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