ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Property

SoftBank to open new office in Tokyo's Shibuya district

Japanese telecom will be joined by WeWork in high-rise above 'scramble square'

The telelcom has yet to divulge why it is leasing office space in the new 47-story building, located in the heart of the busy shopping, entertainment and business hub.   © Reuters

Japanese telecom SoftBank Corp. will open a new office in the Shibuya Scramble Square high-rise, offering direct access to busy Shibuya Station in central Tokyo.

SoftBank will lease the entire 45th floor of the 47-story building, giving the company an estimated 1,940 sq. meters of office space, which will be designed by group company WeWork, according to sources.

Reasons for opening the new office have yet to be disclosed. The move-in date is believed to be next year but the company has yet to specify exactly when.

The three-tower Shibuya Scramble Square building was developed by three railway operators: Tokyu Corp., JR East and subway operator Tokyo Metro. SoftBank will occupy the East Tower, which opened on Nov. 1, ahead of the Central and West towers.

The structure contains 181,000 sq. meters of gross floor space, of which 73,000 sq. meters is net leasable office space. It extends seven floors below ground and has a typical floor plate of 2,880 sq. meters.

The East Tower of the three-tower Shibuya Scramble Square building where SoftBank will lease office space.

Floors 17 through 45 are for offices, with all space having been leased. Tenants include: internet ad agency CyberAgent Group; staffing business Leverages; telecom XCom Global; media business Rockin'on Holdings; mobile app developer Mixi; NN Life Insurance; and furniture manufacturer and seller Okamura.

In addition, WeWork will open a coworking branch spanning five floors with an estimated floor area of 14,400 sq. meters.

SoftBank and its parent SoftBank Group will relocate their headquarters to the office tower of the Tokyo Portcity Takeshiba mixed-use complex in Tokyo's Minato Ward in 2020. Their offices -- also designed by WeWork -- will cover 28 floors.

WeWork will also open a branch in the building, leasing 2,600 8,600 sq. meters on three floors.

This report first appeared in Nikkei Real Estate Market Report on Dec. 6, 2019.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media