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Kyodo News to start construction of new headquarters.

TOKYO, Oct. 23 Kyodo

Kyodo News, one of Japan's two major news agencies, announced Monday it will hold a ground-breaking ceremony on Tuesday to commemorate the start of construction of its new 34-story headquarters in the Shiodome area in Tokyo's Minato Ward.

The building, to be called ''Shiodome Media Tower,'' will be constructed on the 9,323 square-meter land plot which was once part of the premises of the defunct Japanese National Railways' (JNR) Shiodome freight train station.

The building will have a total floor space of 6,300 square meters and parts of it will accommodate the Tokyo bureau of the Associated Press and the Shiba Park Hotel.

In 1998, Kyodo News won a tender for the ''E'' section of the old Shiodome station, by forming a bidding group with Toppan Forms Co., an arm of Toppan Printing Co.

In addition to 34 stories above ground, the projected building will have four basement floors as well as an 8-story, 3,000 square-meter annex.

The building, to be constructed at a cost of 50 billion yen, will be completed by June 2003.

Upon completion, Kyodo News will relocate its Japanese-language and English-language news divisions, as well as its subsidiaries, to the building from its current headquarters in Toranomon.

Shiba Park Hotel will occupy the 25th to 34th floors of the main building.
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Publication:Japan Weekly Monitor
Date:Oct 30, 2000
Words:222
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