Mori to spend 400b yen building 3 Tokyo towers

Tokyo

JAPAN'S Mori Building Co said on Wednesday that it will spend about 400 billion yen (S$4.95 billion) on constructing three high-rise towers as part of a grand plan to redevelop a central Tokyo district, and may seek a partner to fund the project.

The development is part of Mori's one trillion yen plan to redevelop the Toranomon area over about 10 years. Less well-known than districts such as Nihonbashi and Marunouchi, Toranomon sits among government, business and retail centres, with ageing infrastructure offering prime redevelopment opportunities.