Acquired 305 East 46th Street, a 16 floor office building in NY midtown
The Investment and Development Division of Shimizu Corporation recently acquired the ownership of Albano Building, a rental property located in Manhattan, New York, as part of their overseas development activities. The acquisition of the property was completed through the local subsidiary responsible for real estate investment in the United States, Shimizu Realty Development (U.S.A) Inc. The investment amount was approximately ¥16.5 billion (US$152 million).
