SC Global

 

Media & Latest News

SC Global marked its maiden entry into Japan with the acquisition of a 12–storey prime ultra-modern commercial development in Ginza. The acquisition presented a rare opportunity for the Group to secure a premium asset in one of the most luxurious shopping districts in the world. The acquisition enables the Group to diversify into a new geographical location and participate in the growing tourism market in Japan. SC Global plans to continue a strategy of geographical diversification with acquisition of prime real estate in destinations within the region.

The 7,785 sqft (723 sqm) property named as ‘GINZA 12’ is set to become a foodies paradise with leases already secured with two renowned and respected Michelin star restaurant operators. These include Kenji Takahashi, the owner-chef of the Michelin star restaurant ‘Yoshifuku’, which received its first Michelin star in 2017 for its delectable Kyoto cuisine. Another popular Michelin star restaurant operator set to open a new restaurant on the 8th floor is the team behind ‘Kamakura Izumi’ in Kanagawa prefecture, which was awarded its first Michelin star back in 2013. Interest in the property has been high, with over 75% of units already leased to a variety of specialty food and beverage operators serving up Yakitori, Organic, Steak, Sushi and Italian cuisine.

Commenting on the acquisition, Simon Cheong, CEO and Chairman of SC Global Developments said “We are excited about this acquisition which marks a new chapter in the Groups geographical diversification. Ginza is a fascinating place and we are overjoyed to have some exceptional Michelin star restaurant operators onboard, as we unveil our first property in one of the most luxurious shopping districts in the world.“



SC Global

 

Media & Latest News

SC Global marked its maiden entry into Japan with the acquisition of a 12–storey prime ultra-modern commercial development in Ginza. The acquisition presented a rare opportunity for the Group to secure a premium asset in one of the most luxurious shopping districts in the world. The acquisition enables the Group to diversify into a new geographical location and participate in the growing tourism market in Japan. SC Global plans to continue a strategy of geographical diversification with acquisition of prime real estate in destinations within the region.

The 7,785 sqft (723 sqm) property named as ‘GINZA 12’ is set to become a foodies paradise with leases already secured with two renowned and respected Michelin star restaurant operators. These include Kenji Takahashi, the owner-chef of the Michelin star restaurant ‘Yoshifuku’, which received its first Michelin star in 2017 for its delectable Kyoto cuisine. Another popular Michelin star restaurant operator set to open a new restaurant on the 8th floor is the team behind ‘Kamakura Izumi’ in Kanagawa prefecture, which was awarded its first Michelin star back in 2013. Interest in the property has been high, with over 75% of units already leased to a variety of specialty food and beverage operators serving up Yakitori, Organic, Steak, Sushi and Italian cuisine.

Commenting on the acquisition, Simon Cheong, CEO and Chairman of SC Global Developments said “We are excited about this acquisition which marks a new chapter in the Groups geographical diversification. Ginza is a fascinating place and we are overjoyed to have some exceptional Michelin star restaurant operators onboard, as we unveil our first property in one of the most luxurious shopping districts in the world.“



 
Singapore luxury real estate developer SC Global Developments Pte Ltd ©2017