The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODODentsu looking to sell headquarters building for ¥300 bil
TOKYO©2024 GPlusMedia Inc.
The requested article has expired, and is no longer available. Any related articles, and user comments are shown below.
© KYODO
20 Comments
Login to comment
dagon
And use the money to pay back the public for defrauding them in Olympic and pandemic relief schemes?
One can only dream...
gokai_wo_maneku
Why sell the building? Why not rent out the unused space and get a continuous income? Several new office skyscrapers are planned for west Shinjuku, but are they really necessary? I don't think that we'll ever go back to the office model of working.
Mickelicious
Don't be surprised if the government buys it to assist such a strategically important sector.
kohakuebisu
Putting aside the many reasons to dislike this company and the advertising sector as a whole, this is an interesting development regarding commercial real estate in Tokyo and the wider economy.
mrtinjp
I don't think that we'll ever go back to the office model of working..
Ohh we will go back, only that the office buildings/work area will not be owned but rented..different types of office rental business will now mushroom.
Asakaze
@Euro Dude
Dude, Dentsu and Densetsu are two different words.
Pukey2
God, that building looks mighty thin from this angle!
robert maes
Why sell and not rent out? Given Dentsu’s reputation imagine the potential for side deals and the envelope sales sector.
Dentsu has already sold the building or they would not announce it.
Avex is doing the same but we will soon run out of buyers. Even Sumitomo, Mitsui, Mitsubishi collect only that many empty buildings and no more
kohakuebisu
When the expression "power harassment" first broke, some of the people interviewed as victims were freelance content producers. The following report says 2 in 3 freelancers have experienced it. If freelancers are getting it, actual employees who are teleworking will probably get it worse.
https://news.yahoo.co.jp/byline/iijimayuko/20190910-00142072/
Septim Dynasty
China: It is a free real estate!
The West: It is mine now!
Mickelicious
It's actually a stunning building.
In a crappy location, though. Sure, it's handy for those oh-so-important ministries and Ginza, but Marunouchi would have been far classier, and at a Shinkansen stop.
Prestige companies choose stand-alone trophy buildings but forget employees' last half mile.
Fuzzy
@gokai_wo_maneku
I think you answered your own question. There will be on oversupply of office space in the future. This would reduce sale value of the buildings make finding tenants harder and put downward pressure on rents. If that plays out, it's better to sell now and become a renter.