By 
Nintendo announced that it acquired land located adjacent to its headquarters in Kyoto, Japan. The company will build a new development office on the land to reinforce its research and development progress.
The new land area is sized at 10,028.55 square meters (~107,946 square feet). It previously hosted the 3,110.91 m2 (~33,485 ft2) Foundation Support Factory and the 6,917.64 m2 (74,460 ft2) Material and Disaster Prevention Center. The city offered the land via public proposal on December 8, 2021. It chose Nintendo as a valid business operator for the ground, with a bidding price of five billion yen (~$39.8 million).
The Japanese press release includes a map of Nintendo’s offices in Kyoto. The pink squares show its existing headquarters and development center. The red area marks the new land that the company had acquired.
Nintendo will build an office on the newly acquired land. It has tentatively named the new office the “Corporate Headquarters Development Center, Building No. 2.” The building will occupy an estimated area of 38,000 square meters (~409,000 square feet) and 72m (~236 feet) tall with 12 floors. The company expects to finish building the new office in December 2027.
The Nintendo Switch is the company’s latest console made to date. In October 2021, it released a new model with a larger OLED screen. The company has sold more than 100 million units of all Switch models combined as of December 2021.
