Japanese action games specialist Platinum is opening a new studio in Tokyo.

That's according to Famitsu – as translated by ryokutya2089.com and spotted by VGC – this new outfit will be focused on a brand new IP called Project GG. The team is currently around 15 people strong and is set to grow to around 100.

Project GG will be PlatinumGames' first wholly-owned IP having previously worked on properties that belong to other companies such as Sega's Vanquish, Square Enix's Nier Automata and the Transformers, Ninja Turtle and Legend of Korra titles it made for Activision.

It is the second of four titles that the studio is set to announce this year, following a remaster of 2013 Wii U title The Wonderful 101 heading to Kickstarter. At the time of writing the project has raised ¥191,997,998 ($1.7m) and the title is set to come to Steam.

The new studio and IP reveal also comes in the wake of Chinese tech and entertainment giant investing in Platinum.