Nintendo has announced the acquisition of Kyoto-city owned land. This land will be used as a new development center, under the tentative name is “Corporate Headquarters Development Center, Building No. 2”. Nintendo has stated that this “will carry an important role on reinforcing its R&D” but the project will likely not be completed until December 2027.
Nintendo Co., Ltd. (HQ: Kyoto, Minami-ku, Japan; Representative Director and President: Shuntaro Furukawa, “Nintendo” hereafter) today announced that it has been selected as the business operator for effective use of the Kyoto-city owned land (land of former Foundation Support Factory and former Material and Disaster Prevention Center) which was recruited by the city of Kyoto from December 8, 2021. Nintendo will be acquiring and utilizing the land.
1. Overview of the acquiring land
Location: 11-2-5 Hokotate-cho, Kamitoba, Minami-ku, Kyoto, Japan<
Site area: 10,028.55? (former Foundation Support Factory: 3,110.91?, former Material and Disaster Prevention Center: 6,917.64?)
2. Bidding Price: 5,000,000,000 Yen
3. Usage of the landFacility name: Corporate Headquarters Development Center, Building No. 2 (tentative name)
Objective of the facility: R&D reinforcement
Floor area: Approximately 38,000?
Structure and height: 12 floor steel framed building, approximately 72m of height
Planned completion date: December 2027
Along with the R&D investments and capital investments, Nintendo believes acquiring and utilizing this land will carry an important role on reinforcing its R&D.