The Tokyo Electric Power Company (TEPCO) have sold a building and land in Ginza 3 Chome to the Yomiuri Shimbun newspaper company for 23.455 billion Yen (240 million USD).
Yomiuri will acquire the 1152 sqm (12,400 sqft) block of land on September 2. They will purchase the building separately in March 2016 for 100 million Yen. The reason for the delay is due to the time required to remove a transformer substation located in the building’s basement. In the meantime, TEPCO will pay rent to Yomiuri and continue to use the building.
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