E'grand Co.,Ltd agreed to acquire leasehold land and building at Kaji-cho, Chiyoda-ku, Tokyo from Nippon Pigment Co., Ltd. for ¥110 million.

e'grand Co Ltd is a Japan-based company primarily engaged in used housing restoration business including used condominiums and detached houses. The used housing restoration business purchases used houses from real estate auction markets and general used housing distribution markets and recovers the function of the houses through renovation, then sells its properties to primary target customers, including young families and first-time housing buyers. It mainly provides residential properties in Tokyo and Kansai area. The other business is engaged in the real estate leasing, remodeling contracting business and other real estate-related businesses.