While Microsoft and Sony are buying up studios to expand their catalog of console games with Triple A titles, we now know that nintendo decided to open the portfolio, but not to acquire a study, but to buy land.
Specifically, the statement indicates that land adjoining Nintendo’s headquarters in Japan was purchased at a price of 5,000,000,000 yen, which in exchange translates to approximately $40 million / 37 million euros, for 38,000㎡.
Nintendo Co. (Headquarters: Kyoto, Minami-ku, Japan; Managing Director and President: Shuntaro Furukawa, hereinafter “Nintendo”) today announced that it has been selected as the commercial operator for the efficient use of land owned by the City of Kyoto (former Foundation Support Factory and former Materials and Disaster Prevention Center Land) which have been contracted by Kyoto City from December 8, 2021. Nintendo will acquire and use the land.
In addition to R&D and capital investments, Nintendo believes that the acquisition and use of these lands will play an important role in strengthening its R&D.
According to the company, this will be where the headquarters development center will be established, with the name of building No. 2 (tentative name), which will be a with a steel structure of 12 floors and about 72m high. Its completion date is scheduled for December 2027.