July 6, 2016 Leopalace21 Corporation
Acquisition of Life Living Co., Ltd.Leopalace21 Corporation (Head office: Nakano, Tokyo; President and CEO: Eisei Miyama, "Leopalace21") has obtained 100% of the shares of Life Living Co., Ltd. (former SBI Life Living Co., Ltd., Head office: Shibuya, Tokyo, "Life Living") and made the company a subsidiary.
Purpose and backgroundLife Living operates in the development, construction, and leasing of condominiums and apartments in the Tokyo metropolitan (23 ward), Nagoya, and Fukuoka area. The company launches the "Branche Series," a four-story reinforced concrete designer condominium built with the patented "TEN-FOUR CUBE construction method," with over 200 buildings completed mainly in the Tokyo metropolitan area.
Under the Medium-term Management Plan "EXPANDING VALUE" slogan to "focus on core businesses and challenge itself with new business fields," Leopalace21 will strengthen its core businesses, Leasing and Construction, as well as expand into new business fields, by utilizing Life Living's experience in development in the Tokyo metropolitan, Nagoya, and Fukuoka area, as well as its unique product lineup of four-story reinforced concrete condominiums and three-story wooden apartments.
Leopalace21 and Life Living would like to request the continued support and encouragement of all our stakeholders.
Overview of Life LivingName | Life Living Co., Ltd. (former SBI Life Living Co., Ltd.) |
Head office | Shibuya HUMAX Building (2F), 1-14-6 Dogenzaka, Shibuya-ku, Tokyo |
President and CEO | Yasuhide Sakaguchi (newly appointed) |
Established | August 2015 |
Business operations | Planning, development, sale of investment real estate |
Employees | 46 (as of February 2016) |
Capital | 100 million yen |
URL | http://www.sbi-lifeliving.co.jp/ (Japanese only) |
"Branche Series"
Contact: Leopalace21 Corporation PR and IR Group TEL: +81-3-5350-0216
Leopalace21 Corporation published this content on 06 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 July 2016 04:15:02 UTC.
Original documenthttp://eg.leopalace21.com/ir/news/2016/pdf/20160706.pdf
Public permalinkhttp://www.publicnow.com/view/178DC5F45BC34D6D420258E9D6BF7679CAF0D811