JR East Japan Real Estate to be Established on July 1, Aiming for Development of Company-Owned Lands

JR East Japan Real Estate

JR East Japan is set to establish JR East Japan Real Estate on July 1.

The company will engage in the development of company-owned lands and the acquisition and development of real estate in urban areas, aiming to expand the realm of the real estate business and accelerate a turnover-based business model. The capital is set at 1 billion yen, with Masashi Tasaki appointed as the representative director and president.

Over the next ten years, the JR East Japan Group plans to strategically invest in nodal points of Tokyo’s network, centering on the Yamanote Line areas such as Shinagawa, Shinjuku, and Tokyo. By securing professionals and collaborating with external companies, the group is planning investments on the scale of 100 billion yen by fiscal year 2027.

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The translation may not be accurate.