Tokyu Corporation, L Catterton Real Estate, and Tokyu Department Store Agree to Strategic Partnership Regarding the Development Project in Dogenzaka 2-Chome 24, Shibuya, Japan

0
74

TOKYO and GREENWICH, Conn., May 13, 2021 /PRNewswire/ — Tokyu Corporation, a conglomerate that is the main part of Tokyu Group, L Catterton Real Estate (“LCRE”), the real estate investment and development arm of L Catterton, the largest global consumer-focused private equity firm, and Tokyu Department Store Co., Ltd. today announced a strategic partnership regarding the development project in Dogenzaka 2-Chome 24, Shibuya, Japan the current site of Tokyu Department Store’s flagship store (the “Project”), located at the intersection of Shibuya’s commercial district and Shoto’s residential neighborhood. The three companies will start the space programming and master planning study in order to promote the Project.

Tokyu Group has a long history of urban development of mixed-use facilities in the Shibuya area and has been engaged in various activities aimed at improving the attractiveness of Shibuya. LCRE, which has a strategic relationship with LVMH…

Read more…