The plot being acquired spreads out in front of Shijo-Mae Station on the Yurikamome Line, approximately 4 km from the Tokyo Station area. It is located near the Harumi Ohashi Bridge on Harumi-dori Street in the direction of Ariake. Tokyo Gas’s Toyosu Plant stood on the site until 1988. The Tokyo Metropolitan Government has been pursuing a land readjustment project since the closure of the plant.
To proceed with the land deal, negotiations were held between the Tokyo Metropolitan Government and Tokyo Gas over the cost of handling the soil contamination stemming from the plant. An agreement was reached whereby Tokyo Gas and Tokyo Gas Toyosu Development would bear part of the cost in the amount of 7.8 billion yen [$90 million].
The 400,000 m2 area for the new Toyosu fish market will be divided into three development zones. The Tokyo Metropolitan Government is aiming at opening the market in December 2014 and also plans to acquire other plots by the end of the year.
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[Outline of Dealing]
Name: Part of site for the new Toyosu fish market
Buyer: Tokyo Metropolitan Government
Price: 55.9 billion yen [$650 million]
Rights: Direct ownership
Location: 6-4 Toyosu, Koto-ku, Tokyo (residence indication)
Access: close to the Shijo-mae station on the Yurikamome monorail line
Land area: 105,193m2
Dealing period: March 2011 (handover)
