Singapore investor makes headlines after buying forestry in Gunma

Cabbage fields in Tsumagoi Village.

An investor from Singapore has been the subject of an article in the Yomiuri newspaper after purchasing 44 hectares of forestry in Gunma Prefecture. The land, which is near the source of the Agatsuma River in Tsumagoi Village, was purchased by the investor in September 2011.

An employee from the Tokyo-based real estate agency that brokered the sale said the purchase formed part of the buyer’s overall investment plan, but there was no indication that the buyer was after a water source.

Gunma also targeting foreign buyers of forestry

On February 8, the Gunma prefectural governor held a press conference to announce that they are considering introducing regulations to help preserve the forestry and natural water sources in the area.

This follows on from similar movements by other prefectural governments, including Hokkaido and Saitama, who are starting to monitor the purchase of large tracts of forest by foreign buyers.

Brick warehouse in Gunma at risk of demolition

A 90 year old red-brick warehouse built during the Taisho period in Ora Town, Gunma, is at risk of being demolished in the near future.

The building was once used in the production of “nakanogasuri” – a style of cloth-weaving dyed with wooden patterns, and is now owned by the JA Oura Tatebayashi Agricultural Cooperative (JA). The warehouse suffered structural damage during the Tohoku earthquake and the owner has expressed intent to demolish the structure.

Gunma Golf Course For Sale

Price: 150,000,000 JPY
Size: 664,690 sqm

SOLD

A par-72, 18 hole hillside golf course is for sale in Gunma Prefecture. The property is spread over 66 hectares and is a 2 hr drive west of Tokyo.

The grounds include a 4-storey clubhouse / hotel with an interior size of 5697sqm (61,300 sqft) and 37 rooms that can accommodate 150 guests. The golf club officially closed down in 2007 and has not been maintained since then.

Asaya Department Store demolition to start later this month

asaya-department-store-ext2The Asaya Department store in Maebashi City, Gunma Prefecture, is scheduled to be demolished with work expected to begin by the end of this year. The city purchased the site from the former owner and have plans for redevelopment.

The 3-storey art deco building was constructed by Yasuzo Kida and completed in 1934. The store was opened by the former owner’s great grandfather and was the first department store in Gunma Prefecture. After the war it apparently had a ferris wheel on the rooftop.

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