Image: Nintendo

This just in: Nintendo has announced it's acquired new land. According to an official PR, it has bought this land next to its Kyoto HQ for around $5 billion Yen (that's close to $40 million USD).

This new area will be home to the headquarters' second development building (tentative name). The purpose of the facility is to apparently strengthen its research and development, and the project is scheduled to be completed by 2027.

"In addition to the conventional R & D investment and capital investment, we have positioned the site to be acquired and utilized this time as having an important role in strengthening R & D."

Here's some additional information - Total floor area: About 38,000㎡ , Structure/height: Steel structure 12th floor, about 72m. If we hear anything else about this, we'll be sure to let you know.