Lead Real Estate Co., Ltd Announces Construction of New Condominium, EXCELSIOR SHAKUJII-KOEN, in Tokyo

Rhea-AI Summary

Lead Real Estate (LRE) has announced the construction of a new luxury condominium project, EXCELSIOR SHAKUJII-KOEN, in Tokyo's Nerima District. Construction began on March 21, 2025, for this 22-unit property located in Shakujii 2-Chome.

The reinforced concrete building will feature six floors above ground, with a building area of 13,021 square feet and a land area of 4,430 square feet. The property is strategically located just a five-minute walk from Shakujii Park Station and is surrounded by various amenities including the Emio Shakujii Park shopping mall.

The location offers residents access to Shakujii Park, featuring 290 cherry trees, Sanboji Pond, and various recreational facilities. The area is known for its family-friendly environment, with numerous educational institutions, hospitals, and community events nearby.

Positive

• Strategic location in premium Tokyo residential area
• Income-producing property with 22 units
• Proximity to transportation and retail amenities
• Family-friendly location supporting sustained demand

Negative

• None.

TOKYO, April 07, 2025 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties, including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced the construction, starting March 21, 2025, of its income-producing freestanding condominium, EXCELSIOR SHAKUJII-KOEN.

The 22-unit property, located in Shakujii 2-Chome, Nerima, Tokyo, will be made from reinforced concrete and have six floors above ground. It is planned to have a building area of 13,021 square feet and a land area of 4,430 square feet.

Image Perspective of Excelsior Shakujii-Koen

Shakujii-Koen—Oasis of Tokyo
Shakujii-Koen, which literally translates to “Shakujii Park,” is a quiet residential area located in Tokyo’s Nerima District. The area is rich in greenery and centered around a large park. The ease of access from the city center combined with its natural surroundings and abundant basic amenities makes it a very attractive suburb. 　　　　　　

Image of Sanboji Pond

Area Features

[High Accessibility and Presence of Amenities]

• Shakujii Park Station, the main station in the area, is a five-minute walk from the property.
• The Shakujii Park area not only is rich in terms of natural environment but also features a wide variety of restaurants and shopping facilities. In particular, Emio Shakujii Park, a nearby shopping mall, is characterized by its spaciousness and presence of different amenities from fashion to daily necessities to groceries.

[Shakujii Park]

• Shakujii Park is known for its cherry blossoms as it has about 290 cherry trees.
• The park is centered around Sanboji Pond, which is surrounded by trees and a quiet atmosphere; and Shakujii Pond, which boaters enjoy, has a plaza, gardens, plant communities, a wildflower and waterfront observation garden, a baseball field, and archaeological sites.
  

Image of Cherry blossoms along Shakujii Park

[Great Environment for a Household]

• The area hosts many child-friendly educational institutions, large parks, hospitals, and family-friendly events in the community, making it perfect for families seeking a safe and cozy living environment.

About Lead Real Estate Co., Ltd

Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.

The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.

For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/. 

Forward-looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact Information:

For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp
+81 3-5784-5127

Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com

Attachments

• Image 1 Perspective of Excelsior Shakujii-Koen
• Image 2 Perspective of Excelsior Shakujii-Koen
• Image 3 Perspective of Excelsior Shakujii-Koen
• Image 4 Perspective of Excelsior Shakujii-Koen
• Image of Sanboji Pond
• Image of Cherry blossoms along Shakujii Park

FAQ

What are the key specifications of LRE's new EXCELSIOR SHAKUJII-KOEN development?

The development features 22 units across 6 floors, with 13,021 sq ft building area and 4,430 sq ft land area, constructed with reinforced concrete.

When will LRE's EXCELSIOR SHAKUJII-KOEN construction be completed?

Construction began March 21, 2025, but the completion date was not specified in the announcement.

What amenities are available near LRE's new EXCELSIOR SHAKUJII-KOEN development?

The property is 5 minutes from Shakujii Park Station, near Emio shopping mall, Shakujii Park with 290 cherry trees, and various educational institutions and hospitals.

How does the location of LRE's EXCELSIOR SHAKUJII-KOEN benefit residents?

The location offers easy access to central Tokyo, natural surroundings, shopping facilities, and family-friendly amenities in a quiet residential area.