Nakano Sun Plaza redevelopment scrapped; ward rejects Nomura plan

On the 11th, Nakano Ward in Tokyo announced that it would not approve the plans proposed by Nomura Real Estate and others involved in the redevelopment of the Nakano Sun Plaza complex. Nomura Real Estate had revised its plans due to rising construction costs, but the ward has determined that it would be difficult for the company to continue the business. The redevelopment is expected to be scrapped. Nakano Ward announced this in documents submit…