Tepco to sell apartment building in Nagoya

As part of their restructuring in order to pay compensation to victims of the Fukushima Daiichi Nuclear disaster, Tepco will be selling an apartment building they own in Nagoya City.

“Solcher Tsurumai” is a 14-storey, 2 basement apartment complex that was built in 1999. It has a total floor area of 22,000 sqm and is on a 3500 sqm site. There is a supermarket on the 1st floor and residential units from the 2nd floor and above. Tepco purchased the building in 2001 through their subsidiary, Toden Real Estate.

Tepco has been gradually selling off their real estate holdings through open bids. Bidding for this building will begin on February 10, and the property should be handed over to the new buyer sometime in March.

Source: The Chunichi Shimbun, January 14, 2012.

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