SoftBank founder acquires Tiffany Building for 32b yen
Add BT as a preferred source[TOKYO] The billionaire founder of tech and telecoms group SoftBank Corp bought Tokyo's landmark Tiffany Building for 32 billion yen (S$410.7 million) in one of the priciest property deals in recent years in Japan, underscoring the recovery in the real estate market.
Masayoshi Son, ranked Japan's second-richest man by Forbes, outbid sovereign wealth funds and Japanese corporations for the 10-storey glass structure in Tokyo's Ginza luxury shopping district, which was put on sale by Asia Pacific Land, people with direct knowledge of the transaction said.
The building, in Tokyo's Ginza luxury shopping district, houses the flagship Japan store of jewellers Tiffany & Co and was designed by architect Kengo Kuma.
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