Foxconn Technology's (TPE:2354) Japan unit FTC Japan agreed to acquire land and a building in Tokyo for about 1.5 billion yen, according to a Taiwan Stock Exchange filing on Thursday.

The property, having a land area of 1,106.8 square meters and a building area of 1,853.5 square meters, will be purchased from Tosei.

The acquisition is for business needs, it said.