MIAMI | 155 NE 10th Street (Worldcenter Block C East) | 646 FT | 53 FLOORS

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Kasumigaseki Capital Launches First Project in the United States at Miami Worldcenter

Kasumigaseki Capital Co., Ltd. (headquarters: Chiyoda-ku, Tokyo; Representative Director, President and CEO: Koshiro Komoto; “KC”) announced that it has established a subsidiary in the United States, Kasumigaseki Florida LLC (headquarters: Florida), and commenced business in Miami. Tatsuo Higuchi will serve as President of Kasumigaseki Florida LLC.

“Entering the Miami market represents a natural next step in our company’s expansion to the U.S. The area’s diverse population and international appeal as a major tourist destination complement our existing hotel business,” said Tatsuo. “We see this move as a tremendous opportunity to be part of Miami as a world-class destination, and we look forward to collaborating with local partners to contribute to Miami Worldcenter’s continued evolution.”

KC also announced that for its first project in the U.S., the company has executed the sale and purchase agreement for a highly coveted parcel at Miami Worldcenter and has acquired the development site for BLOCK C EAST for $89 million. Kasumigaseki Capital will introduce a mixed-use development project centered on hotels and residences located at 155 NE 10th Street in downtown Miami.