It looks like another major acquisition has taken place. We’ve already seen Microsoft and Sony flip the video game industry upside down, and now it’s Nintendo’s turn to show us what they’re doing now. The company announced that they have officially acquired land that is adjacent to their main headquarters in Kyoto. Yes, not another studio or some developers, but actual acres of land. This land purchase costs the company around 5 million Yen, or roughly $40 million, and will be the side of a future building that will be focused on R&D, for titles and projects.
Nintendo has acquired land adjacent to their own headquarters for $40m
“Nintendo believes acquiring and utilizing this land will carry an important role on reinforcing its R&D.”https://t.co/bAQNItOUHo pic.twitter.com/jXfbSIKXRh
— Nibel (@Nibellion) April 12, 2022
Nintendo also stated in their post that the future building that will eventually occupy the land will be designated as Corporate Headquarters Development Centre Building No 2. I will have 12 floors and is expected to be completed by 2027. Nintendo also mentioned emphasized the importance of R&D with this new building saying that it “will carry an important role on reinforcing its R&D.” Nintendo originally planned on putting the building right next to their current development center, which is parallel to their main headquarters. Instead, it will be placed in the newly acquired land which will put it across from the corporate office, and will eventually bridge the two together.
This new land acquisition is mostly due to the mammoth success of the Nintendo Switch, which has been a near number 1 seller each and every month since it launched way back in 2017. Nintendo also mentioned at the time that they were planning on using these funds for a $900 million development expansion, which more than likely includes this new land for the future building. As we already mentioned this is all part of Nintendo’s expansion project which also includes the acquisition of their longtime development partner SRD Co. Ltd. back in February.