Sony to branch out into real estate business
No Comments Sub Category:Realty News Posted On: Apr 29, 2014
Sony Corp is soon going to enter into real estate business in August. The company has plans to take the unit public in three years. The company recently set up a real-estate unit in Tokyo. It plans to generate annual sales of 50 billion yen ($488.4 million) in five years. The real-estate entry marks the first initiative of a new project team at Sony that are in charge of creating new businesses. The team aims at developing more than 10 new businesses over the next three years.
Source: Reuters
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Japan, new business, Real estate business, real-estate unit, real-estate unit in Tokyo, Realty, sony, Sony Real Estate, Sony to Start Real Estate, Tokyo
