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Nomura Real Estate to redevelop central Tokyo

TOKYO -- Nomura Real Estate Holdings will launch a 350 billion yen ($3.41 billion) redevelopment project in Tokyo's Hamamatsucho district, close to a station for magnetic-levitation bullet train service slated to launch in a decade or so.

Construction will begin on two high-rises as early as 2020 for completion in 2030. They will host mainly offices in a total floor space of up to 500,000 sq. meters -- comparable in size to a skyscraper planned by Mitsubishi Estate near Tokyo Station for completion in fiscal 2027.

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