TOKYO -- Japanese property developer Mitsubishi Estate has won negotiating rights to buy land from the British Embassy in Tokyo, potentially as part of plans to build luxury condominiums.
The two sides have entered negotiations after a round of bidding that started with about five major real estate companies. At stake is a portion of roughly 28,000 sq. meters held by the embassy in central Tokyo's Chiyoda ward, a stone's throw from the Imperial Palace.
