NTT Docomo Sells Two Tokyo Land Plots for $371M to Sumitomo Corp and Japan Post Real Estate

Deal Summary

NTT Docomo Inc. sold two central Tokyo land parcels for about ¥59 billion ($371 million). The Hitotsubashi plot was sold to Sumitomo Corp for ¥50 billion, while the Shinjuku plot went to Japan Post Real Estate Co for ¥9 billion. Docomo retains ownership of the buildings on the sites.