ENGLISH RENTDATA Office Rent Data. Sanko Estate Co., Ltd.

Transcription

1 ENGLISH RENTDA 1 Office Rent Data Sanko Estate Co., Ltd.

2 COMPANY OVERVIEW Company Name: Sanko Estate Co., Ltd. Established: 17, 1977 President: Mitsuhiro Taneda Capital 1,, Employees: 25 (as of December, 13) Head Office: Ginza Sanwa Bldg., -6-1 Ginza, Chuo-ku, Tokyo International Department: Tel: Fax: Sapporo Office: Sapporo Kita-Sanjo Bldg. 3-1 Nishi, Kita 3-jo, Chuo-ku, Sapporo-shi Area Hokkaido Sendai Office: Aoba-Dori Plaza, Chuo, Aoba-ku, Sendai-shi Area Miyagi, Aomori, Akita, Iwate Fukushima, Yamagata Nagoya Office: Sakura-Dori Otsu Daiichi Seimei Bldg., 3--6 Nishiki, Naka-ku, Nagoya-shi Area Aichi, Mie, Gifu, Shizuoka, Nagano Fukui, Ishikawa, Toyama Osaka Office: Midosuji Mitsui Bldg., -1-3 Bingo-machi Chuo-ku, Osaka-shi Area Osaka, Kyoto, Hyogo, Shiga, Nara, Wakayama, Okayama, Hiroshima, Shimane, Tottori, Kagawa, Tokushima, Kouchi, Ehime Fukuoka Office: Hulic Hakata Bldg., Hakata-ekimae, Hakata-ku, Fukuoka-shi Area Kyusyu, Okinawa, Yamaguchi COMPANY SERVICES Office leasing services, Due diligence services, Consulting services LICENSE Real estate agent: License authorized by Minister of Land, infrastructure, Transport and Tourism(9) No. 315 License of Construction authorized by Guvernor of Tokyo (Special-2) No PROFESSIONAL AFFILIIONS Tokyo Real Estate Brokers Association, National Real Estate Guarantee Association, Japan Facility Management Association, The Tokyo Chamber of Commerce and Industry British Chamber of Commerce in Japan The American Chamber of Commerce in Japan 1 Sanko Estate RENT DA 1 CONTENTS FEURE Major Urban Developments 2 Development Map (Tokyo, Osaka, Nagoya, Sapporo, Sendai, Fukuoka) 5 Tokyo (Shinagawa, Shinjuku, Otemachi) 7 Osaka (Abeno, Dojimahama) Nagoya (Meieki) 1 Sapporo / Sendai / Fukuoka 11 List of Urban Developments Office ket Data 13 Tokyo 13 Chiyoda 1 Chuo Minato 15 Shinjuku Shibuya Sapporo Sendai 17 Osaka 1 Nagoya 1 Fukuoka 19 Change in Office Rents and Economic Trends 21 The Sanko Process 23 Important Terms Survey period: From July 1 to December 1, 13 Surveyed buildings: Office buildings marketed for tenants within the survey period Restricted to office buildings having at least 3 stories (standard floors) Retail buildings and warehouses are excluded. Number of buildings surveyed: 22,13 Building size (net leasable area /Floor) buildings: tsubo or more large-scale buildings: 1 to less than tsubo buildings: 5 to less than 1 tsubo Cover design Work of Satoshi Minagawa, a prominent Japanese photographer. This photo depicts the streets around Tokyo station at dusk. It was taken from the rooftop garden of KITTE in unouchi, Tokyo. KITTE is Japan Post Co., Ltd. s first commercial facility. It was built through the preservation and revitalization of part of the former Tokyo Chuo Post Office building. Shinjuku P6 Shibuya Yotsuya 15 Iidabashi Major Urban Developments DEVELOPMENT MAP 17 9 P5 6 Shinagawa P Shimbashi Yurakucho 1 Hamamatsucho TOKYO Akihabara Tokyo 19 3 See List of Urban Development P11- Sanko Estate 2

3 OSAKA 23 NAGOYA SAPPORO Osaka Umeda Tenmabashi P7 Yodoya bashi 26 Kitahama Nagoya P P1 P unouchi Fushimi 31 Sakae Sapporo 39 P1 3 P1 Honmachi P1 27 See List of Urban Development P11- See List of Urban Development P11- Yotsubashi Shinsaibashi Nagahoribashi SENDAI FUKUOKA Namba Sendai Hakata 1 P1 3 P1 2 See List of Urban Development P11-25 P7 Tennoji See List of Urban Development P11- See List of Urban Development P11-3 Sanko Estate Sanko Estate

4 Tokyo - Shinagawa mixed-use central Tokyo development with 3.5 hectares of lush greenery Shinagawa Season Terrace, coming February 15 Tokyo - Shinjuku The new Shinjuku landmark JR Shinjuku Station New Southgate Building The East Japan Railway Company (JR East) has begun construction of the provisionally named JR Shinjuku Station New Southgate Building on the former site of JR Shinjuku Station southgate station building. The new structure is scheduled for completion in spring. This mixed-use facility will be comprised of an office building with high specifications and advanced environmental performance, commercial space with fashion-related shops and restaurants, and multipurpose facilities including event halls to promote cultural exchange. The structure is designed to encourage freer, less congested foot traffic in the area surrounding Shinjuku Station, improving the flow of pedestrians and making the Shinjuku Station area more attractive overall. The building will be directly connected to Shinjuku Station, one of the world s largest public transit stations, and provide excellent accessibility for business commuters and shoppers. office building with 1,5 tsubo per floor in one of Tokyo s central business districts Shinagawa provides excellent access to the larger Tokyo metropolitan area: the Tokaido Shinkansen station, providing smooth transportation to Haneda airport and the terminal station for the Linear Chuo Shinkansen coming in 27. Shinagawa Season Terrace is a large-scale office and commercial building complex being constructed in concert with the Tokyo Metropolitan Government s rebuilding of the Shibaura Water Reclamation Center. This sewage facility located in the northeast of Konan (East) Gate of Shinagawa Station, conducted by the Tokyo Metropolitan Government Bureau of Sewerage. Having a vast 3.5 hectares of valuable, landscaped greenery in central Tokyo, Shinagawa Season Terrace is an environmentally-friendly, large-scale mixed-use development that will serve as a rich international business hub. Office floors offer a spacious 1,5 tsubo per floor with a ceiling height of 2.9 meters. In addition, the space accommodates flexible layouts according to tenants needs. The building will be equipped with various state-of-the-art equipment with advanced energy-saving functions such as LED lighting with human-detecting sensors, high function Low-E double-glazed windows and sun-tracking electric blinds. Extensive Business Continuity Planning (BCP) to safeguard against disaster Shinagawa Season Terrace will also come equipped with the extensive BCP capabilities. The complex is a seismicallyisolated structure, uncommon for office buildings of this size (32 stories with a total floor area of,m2). Emergency power generators and water tanks will allow tenants to maintain building functions for 72 hours after an emergency. This includes post-earthquake power outages and disruptions in the water supply. Up to 9,7VA of electricity per floor is available not only to the common-use areas but also to the exclusive tenant areas. In the event of an emergency, tenants will be able Materials provided by NTT Toshi Kaihatsu to set up a disaster-response room with videoconferencing systems, projectors and dozens of computers. Highest environmental performance in Japan coexisting with nature Shinagawa Season Terrace is one of the most environmentally friendly buildings in Japan. Energy-saving systems that efficiently use light, wind and water will be available in common areas. For example, the Skyvoid Atrium is designed to recycle water and take in fresh outdoor air and natural light. The building has obtained the AAA (Level3) Building Energy Performance Certificate rank, the highest available, from the Tokyo Metropolitan Government. This rank is in recognition of both the building s Perimeter Annual Load reduction rate (PAL reduction rate) and Energy Reduction Ratio for all installed systems (ERR). It ranks second among buildings with superior environmental performance in Tokyo, and boasts the top ranking among rental office buildings (according to the Nikkei Real Estate ket Report). Shinagawa Season Terrance has also received a platinum rating, the highest possible, from the DBJ Green Building Certificate system, and plans to obtain an S rating in Comprehensive Assessment System for Building Environmental Efficiency (CASBEE). The vast green space adjacent to the building will offer a rare open area with seasonal changes including a cherry blossom promenade in the spring, vibrant fall foliage, and marsh gardens along the water. Moreover, it will provide a wind path that allows the wind from the ocean pass through the complex and into the larger Yamanote area to alleviate the heat-island effects of central Tokyo. Office buildings of this scale and with this level of environmental awareness, disaster preparedness, and luxury amenities are rare in central Tokyo. The project has already gathered attention not only from companies looking to establish their headquarters but also from Kansai- and Tokai- based firms seeking to establish themselves in Tokyo and companies from overseas. Large office space will occupy the 9th to 33rd floors, with an area of up to 69 tsubo per floor and a ceiling height of 3 meters. The pillar-free, regular-shaped layouts will provide tenants with comfortable, flexible working spaces. A double-skin structure using highly insulated Low-E multi-layered glass will make up the exterior wall of the building. This energy-saving measure will be incorporated with other equipment including LED lighting, solar power generators, and zoned air-conditioning systems to maximize energy conservation. Rooftop greening and green areas in corridors will add to this already environmentally friendly building. The building also incorporates a seismic vibration damping structure to ensure the safety of people inside the building during even strong earthquakes. For realizing freer movement of people, the connecting pathways between the east and westgates of Shinjuku Station are being expanded in conjunction with preparing a pathway to allow free passage between the east and west sides by relocating the gates. Directly connected to a major transport terminal and an already-thriving business, commercial, and cultural center, the New Southgate Building is poised to become the latest landmark in Shinjuku. Tokyo - Otemachi Providing a business environment appropriate for the center of Japanese economic activities Otemachi 1-1 Project Mitsubishi Estate Co., Ltd. will rebuild the Risona uha Building and The Bank of Tokyo-Mitsubishi UFJ Otemachi Building using harmonized development planning. This project has four primary goals. The first is to create a building with the latest technology and specifications suitable for Otemachi, a center of Japanese economy. A number of global companies are concentrated in the Otemachi area, with unparalleled accessibility to five subway lines. The second goal is to prepare a wide range of business-support facilities to grow Otemachi as an international business center. Approximately 1 units of serviced apartments with business support amenities, as well as an overall comfortable living environment, will accommodate mid- and long-term visitors staying mainly on business on the upper floors of building B. The third goal is to offer the most advanced, environmentally friendly facilities and technologies. This development will see the public and private sectors working jointly to establish a water purification facility and a large water reservoir facility to improve the water quality in the Imperial Palace s outer moat. Together they will also provide a 2,m2 community square with abundant water and greenery. The fourth goal is to incorporate advanced urban anti-disaster functions that will support business continuity in an emergency. The development Materials provided by JR Higashinihon will come equipped with dual fuel gas turbines that can be operated on medium pressure gas or heavy oil, and a large-capacity oil tank, to prepare for power outages or limited provision of electricity during disasters. The project is an integral part of redevelopment of unouchi, known as the most interactive town in the world, and is being carried out by Mitsubishi Estate Co., Ltd. Materials provided by Mitsubishi Estate 5 Sanko Estate Sanko Estate 6

5 Osaka - Abeno Japan s tallest super high-rise complex Abeno Harukas open Nagoya - Meieki Transforming the face of Nagoya Station The new Dai Nagoya Building At 3 meters tall, Japan s tallest super high-rise complex, Abeno Harukas, will open ch 7, 1. The building is located in Tennoji, one of three core areas of Osaka along with Umeda and Namba. The building will provide necessities of business and life, from offices, a hotel, department store, museum, observation deck, and public transit station. Kintetsu Corporation is developing the property. The building is located above the Osaka-Abenobashi Station on the Kintetsu Line, offering excellent access to the rest of Osaka and Japan. The station is a 15 minute ride from JR Osaka (Umeda) Station and a little more than minutes from Shin-Osaka Station. It is only 3 minutes to Kansai International Airport and Osaka (Itami) International Airport. Out of 6 floors total, offices occupy the lobby space on the 17th and 1th floors as well as the 21st through 36th floors. Each floor has approximately 73 tsubo of pillar-free space and can be divided into seven sections of 72 to 6 tsubo each. Leasing by section is possible according to tenants needs. The center of the building is left open to take in natural light and outdoor air, contributing to the reduction of lighting and air-conditioning costs in common areas. State-of-the-art equipment provides both comfort in office spaces and a reduction of energy consumption. The building is equipped with LED lighting on all floors, a double-skin structure with air flow windows and Low-E multi-layered glass that reduces the airconditioning load, and a variable airflow device (VAV) for efficient air-conditioning and eco-information to visualize energy usage. The building is made with the most advanced earthquake-resistant technology, minimizing damage during earthquakes of up to 7 on the Shindo scale. In addition, a dual fuel emergency power generator, operable on both city gas and heavy oil, storage batteries, and other resources equipped to ensure business continuity, providing 15VA / m2 of electricity for about 72 hours in emergency situations. Abeno Harukas is almost fully occupied even before its completion, and will continue to draw companies to the Abeno/Tennoji area in the future. Materials provided by Kinki Nihon Tetsudo be 35 tsubo, allowing the building to accommodate a wide range of tenants needs. A ground-level portico will allow smooth entry to the office section of the building. Retail spaces on the first basement floor to th floor are zoned separately from the office spaces for security reasons. On the rooftop of the retail floors, which is equivalent to the 5th floor, a sky garden will offer a rare green space for relaxing in front of Nagoya Station. This floor will also serve as the business support floor for tenants, offering facilities such as rental meeting rooms, an exclusive lounge for workers, and a convenience store. The building will also be equipped with the latest anti-disaster measures. Dai Nagoya exceeds the earthquake resistance performance required by the Building Standards Act by 5%. It also comes with a tide-prevention panel 1 meter high at the entrance on the ground floor as an anti-flooding measure. Additional safety measures include three power generators, two of which are installed on the 6th floor in case of tsunami. The generators are dual fuel type that can operate on both medium-pressure A gas, a kind of city gas known to have high earthquake resistance, and heavy oil A, which is stored in an oil tank and is available if the generators are required to operate for long periods of time. The generators will deliver electricity to tenant-exclusive areas, as well as common areas, to preserve business continuity. Dai Nagoya also incorporates the latest technology in sophisticated energy-saving and comfort, including an air flow system and suntracking blinds with automatic angle adjustment. Osaka - Dojimahama A new landmark tower in the center of Osaka s business area New Shin-Daibiru Building The new Shin-Daibiru Building will emerge from the large reconstruction project currently being undertaken in Dojimahama in Kita-ku, the business center of Osaka. The new, large-scale office building will have 33 floors total (which includes two underground levels) and a leasable floor area of 23, tsubo. The building boasts excellent accessibility with eight different public transit stations within walking distance that provide speedy access to all areas of the city. The building exterior features large stone-clad eaves, 3.2 meters on the east and west sides and 1. meters on south and north sides. These eaves shield the building from the sun and reduce the air conditioning load while still providing excellent views of the surrounding area. The renovated building will offer office space on the 5th to 31st floors. Pillar-free, regular shaped floors with a standard floor space of 7 tsubo allow tenants to have flexible, efficient, and tailored office layouts with no dead space. The ceilings are at a comfortable height of 2. meters. Environmental awareness and emergency preparedness are essential parts of the renovation. The New Shin-Daibiru Building will offer approximately 1, tsubo of green space around the building, called the Forest of Dojima. BCP measures are also in place. With a vibration-damping structure, the building absorbs more vibration than the average earthquake-resistant structure, providing an even higher level of earthquake resistance and safety. In addition, the building is equipped to provide electricity to both important functions such as anti-disaster facilities, lighting and toilets, and to tenant rental spaces (15VA/m2). A 72-hour operational emergency power generator will take over in case of grid power outages. A sump pit will make restroom facilities available even in emergency situations. This new landmark will open in the center of Osaka s business district in ch 15. Materials provided by Dai building Materials provided by Mitsubishi Estate Dai Nagoya Building evokes the image of a large tree on a green hill, growing toward the sky. The original structure was completed in 1965 based on the latest anti-earthquake and fire-resistant learning from the Ise-wan Typhoon. With its prime location in front of a station and with its well-known name, the building had been popular for a long time as a face of the city of Nagoya. The aging of building had become more and more conspicuous, and there was a concern that natural disasters could harm this landmark and its tenants. The reconstruction, planned for completion in 15, will address these concerns and preserve the face of Nagoya. The new building, at the request of many who were fond of its predecessor, will keep the name Dai Nagoya. The Dai Nagoya Building s glass façade is decorated at random intervals with cm and cm vertical fins to evoke the trunk, branches and leaves of a large tree. The fins are not only an aesthetic consideration, but also placed so as to shield the building from sun and reduce the thermal load, while being strategically placed so as to not obstruct tenants views. An automatic window cleaning function using gondolas is also incorporated. Zoning office floors and retail floors Interactive zones bridge the gaps in between Office spaces on the 7th to 33rd floors are easy-to-use, pillar-free areas with about 73 tsubo per floor. The minimum leasing area will Sky Garden Contributing to the community with the cooperation of Nagoya City. In a rare move for any city in Japan, the Dai Nagoya redevelopment removed an underused city road, making effective use of the land. In addition, the complex will incorporate facilities that contribute to the larger Nagoya community, such as pedestrian networks in line with the flow of the surrounding areas and underground bicycle parking space that can accommodate 96 bicycles, a first of its kind in Chukyo area. 7 Sanko Estate Sanko Estate

6 Nagoya - Meieki A building for the modern office worker JP Tower Nagoya Wall greening Nagoya - Meieki The highly-convenient new JR Gate Tower Central Japan Railway Company and JR Central Building Co., Ltd. JR Tokai are erecting JR Gate Tower to stand adjacent to the Nagoya landmark JR Central Towers. Completion is slated for the end of 15. Regular-shaped office spaces allow for easy layouts, with an area of 717 tsubo per floor. The floor space can be divided into sections as small as to 65 tsubo, according to the needs of the tenants. In addition, business continuity measures are in place to ensure offices can remain safe and continue functioning in the event of a disaster: Earthquake-resistant capabilities allow the structure to withstand an earthquake up to an intensity of Shindo 7. Anti-disaster measures keep the building autonomous in case city utilities are disrupted, and include water sealing panels, a power reception system using two lines, power reception equipment on the upper floors of the building in case of flooding, and an emergency power generator that can provide electricity for up to 72 hours. Also in the works is the Nagoya City Terminal Station of the Linear Chuo Shinkansen Line, and part of this terminal station will utilize Nagoya Station New Building s underground space. This gives the structure unparalleled access to Nagoya and Japan overall, and attract other business and commerce with the regular flow of people. Sapporo Three large office buildings stand along Odori in the center of Sapporo. The first is Sapporo Odori-nishi Building, completed in April 13. The building has 1 floors total, which includes two basement floors. Each floor offers pillar-free space of approximately 139 tsubo. The massive, elegant façade and neo-classic design gives the property an unmistakable presence. The second is the provisionally named Sapporo Mitsui JP Building, scheduled for completion in August 1. It is a largescale mixed-use building with 23 floors, including three below ground, with a total floor area of more than, tsubo. Offices occupy the 6th to19th floors. Each floor is approximately 56 tsubo in size with a ceiling height of 2. meters. As the space has no pillars and faces out on three sides, tenants can enjoy bright, spacious, flexible, and efficient office layouts. The third building is the Meiji Yasuda Seimei Sapporo Odori Building, scheduled for completion in uary 15. This building is currently undergoing development at the intersection of Odori and Sapporo Ekimae-dori. One of its most appealing features is the outstanding accessibility. Directly connected to the Odori Station subway, tenants are ensured trouble-free pedestrian access even in inclement weather. When completed, the Meiji Yasuda Seimei Sapporo Odori Building will have 15 floors total, including one basement floor, with a total floor area of approximately 2,5 tsubo. Placing priority on tenants safety and the peace of mind, the building will incorporate a high-grade vibration-damping structure equipped with an oil damper. This is in addition to a basic structure with 1.25 times the earthquake resistance required by the Building Standards Act. Tenants Common area Materials provided by Nihon Yubin Outstanding accessibility with direct connection to Nagoya Station and the larger Nagoya area. An office building with the motto Nagoya the first is currently under construction in front of Nagoya Station and will open in fall 15. For Japan Post, the real estate business is their fourth business, and JP is making company-wide efforts to develop this branch so that it can support its three main businesses of postal services, savings and insurance. The concept of the building is for the modern office worker. Its accessibility is a huge appeal. Workers can access the building directly via a pedestrian deck from the second floor of JR Nagoya Station. Direct access from underground passages connecting to two subway lines and from a newly prepared bus terminal will also be available. Furthermore, it will stand adjacent to the Nagoya Station of Linear Chuo Shinkansen scheduled to open in 27. Tenants common area provide strong support to office workers Offices will occupy the 5th to 39th floors of the -story building. The easy-to-use, pillar-free, regular-shaped floors have an area of approximately 7 tsubo and the minimum leasable area is 39 tsubo. The goal is to accommodate not only the needs of large-scale operations but also small-scale needs. This motivation toward flexibility and accommodation comes from Japan Post s management policy, which focuses on the public good. Two rooms for relaxing and multi-function toilets with accessible facilities, will be placed on each floor. The core functions of the building such as elevators are positioned on the west end, and the layout is designed to contribute to energy-saving by reducing the effect of sunlight while securing an unobstructed view on the east side, from which Nagoya castle and other landmarks can be seen. Particularly noteworthy is the tenants common area on the 13th floor. The floor includes a cafeteria for tenants to eat lunch, a lounge where they can rest and relax, a café that can be used for quick meetings, various types of rental meeting rooms, and a convenience store. Meieki contributes to the growth of tenants The new building has a full array of anti-disaster measures, to answer concerns over the Tokai and Tonankai earthquakes. A vibration-damping structure is incorporated in the construction, as the building is horizontally long therefore potentially susceptible to winds. The building is also highly secure against earthquakes as a result. In addition, the electrical control room is placed on the th floor as a measure against flooding, and an electrical water shielding panel of about 6cm in height is installed at the entrance and exit of the building. In emergencies, the water shielding panel will deploy automatically more speed and accuracy than if done manually. In order to create a rich and comfortable space in front of Nagoya Station, rooftop greening and wall greening will be incorporated for the parking building. A step garden and an avenue garden with abundant greenery will also be incorporated into the premises. Altogether the new Nagoya Station-facing development will include three buildings. It promises to be one of the most modern, in-demand business hubs not only in the Tokai area but on a global scale will be established. Out of the three properties, Meieki will be the flagship building and providing sophistication and convenience. A model office, complete with fixtures, has been set up to give tenants a concrete image of their facilities before they move in. Tenants with the Meieki address will be able to enhance their corporate image and performance. Sendai Sendai Station, a gateway to Tohoku. Reorganizing and revitalizing the east gate area Sendai Station East Gate Development East Japan Railway Company (JR East) is redeveloping the Sendai Station east gate, with a planned completion in fiscal or 17. The project will expand the passageway connecting the east gate and the west gate of the station. New buildings housing retail facilities and railway facilities will populate both sides of the passageway. A south building with six floors and a north building with five floors total, one below ground, are scheduled to be completed in spring. A hotel building with 15 floors total, including one basement floor, is scheduled for completion in spring 17. This project utilizes the valuable space above the railroad tracks and the land on the east side to create a lively business and commercial center, improving pedestrian traffic between the east and west gates. Expectations are running high for the improved convenience of Sendai Station, a gateway to Tohoku. Fukuoka Redevelopment in front of Hakata Station Two new properties emerge Construction of two new buildings has begun in front of the Hakata Station, scheduled for completion in spring. One is a co-development by Kyushu Railway Company and Japan Post Co., Ltd. This building offers floors total, which includes three basement floors. It will have offices, shops, restaurants and parking. The second building is being developed by Japan Post Co., Ltd. and will have 1 floors total, which includes three basement floors, and incorporate retail facilities and parking. Situated in a prime location in front of the bustling Hakata Station, the new buildings are guaranteed to draw attention. 9 Sanko Estate Sanko Estate 1

7 List of Urban Developments Tokyo metropolitan area Feb Feb Aug Aug Sep 13 Scale 1Floor 1 Scale 1Floor 15 Scale 1Floor Scale 1Floor 17 Scale 1Floor Akasaka Center Bldg. Minato /MotoAkasaka1 WERRAS TOWER Chiyoda /Kanda Awajicho2 Kabukiza Tower Chuo /Ginza Ochanomizu Sola City Chiyoda /Kanda Surugadai Tokyo Square Garden Chuo /Kyobashi3 Otemachi Tower Chiyoda /Otemachi1 ARK Hills South Tower Minato /Roppongi1 Lazona Kawasaki Toshiba BIdg. Kawasaki /Saiwai TKS Musashikosugi Bldg. Kawasaki /Nakahara TOMOS MITO Bldg. Mito/ DaikuMachi 1 WESTRIO Chiba Fukoku Seimei Bldg. Chiba / Chuo Feb 3 Apr June 5 June 6 June 7 Aug Aug Sep Muromachi Chibagin Mitsui Bldg. Chuo /Nihombashi Muromachi1 Muromachi Furukawa Mitsui Bldg. Chuo /Nihombashi Muromachi2 Osaki Wiz Tower Shinagawa /Osaki2 Kyobashi Trast Tower Chuo /Kyobashi2 *Nishi Shimbashi 1chome PJ. Minato /NishiShimbashi1 *Nihonseimei unouchi 1chome PJ. Chiyoda /unouchi1 Iidabashi Grand Bloom Chiyoda /Fujimi2 Tranomon Hills Mori Tower Minato /Toranomon1 Nihonbashi Daiya Bldg. Chuo /Nihombashi1 *Toyosu 3-2 PJ. Koto /Toyosu Yokohama I k Place Yokohama/ Nishi *Omiya Sakuragicho 1 chome PJ. Saitama/Omiya Feb 9 1 Apr 11 Apr June Oct Nov 13 Dec *Keiojuki Bldg.PJ. Shibuya /Sasazuka1 Shinagawa Season Terrace Minato /Konan1 *Jimboucho PJ. Chiyoda /Kandanishikicho3 *Tokyo Panasonic Bldg. 1 PJ. Minato /Shibakoen1 *Kitashinagawa 5 chome PJ. A-1/C-1 Shinagawa /Kitashinagawa5 *Futako Tamagawa East 2-A PJ. Setagaya /Tamagawa1 *Tekko Bldg. Chiyoda /unouchi1 *Otemachi 1-1 PJ. A Chiyoda /Otemachi1 *Ueno 2 chome PJ. Taito /Higashiueno / / Aug 1 Oct 19 Nov Nov Dec 21 *Otemachi 1 chome PJ. 3rd Phase A Chiyoda /Otemachi1 *Kioicho PJ. Chiyoda /Kioicho1 *JR Shinjuku Station New Southgate Bldg. Shibuya /Sendagaya5 *Roppongi PJ. Minato /Roppongi3 *Okubo 3chome West PJ. Shinjuku /Okuba3 *Ginza 6 chome PJ. Chuo /Ginza6 *Kyobashi 2 chome West PJ. Chuo /Kyobashi2 *Otemachi 1-1 PJ. B Chiyoda /Otemachi1 *Toyosu PJ. 2-B Koto /Toyosu2 *Nittetsu Nihonbashi Bldg. PJ. Chuo /Nihombashi Apr Sep 17 Oct / Dec 17 Dec *Shinseiginko PJ. Chiyoda /Uchisaiwaicho2 *Akasaka 1 chome PJ. Minato /Akasaka1 *Hamamatsucho 2 chome PJ. A3/B Minato /Hamamatsucho2 *Tokyo Gas Shibaura PJ. A/B Minato /Shibaura1 *Osaki PJ. Shinagawa /Nishishinagawa1 *Shin Hibiya PJ. Chiyoda /Yurakucho1 *Toyosu 2 PJ. A Koto /Toyosu2 *Matsuzakaya Ueno PJ. Taito /Ueno3 *Fujibiru PJ. Chiyoda /unouchi3 *Toranomon chome PJ. Minato /Toranomon *Shibuyaeki South PJ. Shibuya /Shibuya3 *Otemachi 2 chome PJ. A/B Chiyoda /Otemachi2 *Nihonbashi 2 chome PJ. A/C Chuo /Nihombashi2 *Omiyaeki East Daimoncho 2chome PJ. Saitama/Omiya 37 2/ /53 / / /33 1 /7 26/31 37 /75 1 Kinki area Feb Dec Daibiru Main Osaka/Kita Grand Front Osaka A/B/C Osaka/Kita Yodoyabashi Mid Cube Osaka/Chuo 22 3 /3 / /3 /51 25 Apr Oct Abeno Harukasu Osaka/Abeno Oct 27 Ujiden Bldg. Osaka/Kita *ORE Hakuromachi 3 chome Bldg. Osaka/Chuo July 3 *Seiwa Umeda Bldg. Osaka/Kita Shin-Daibiru Bldg. Osaka/Kita *Hanwa Kogyo Osakahonsya Bldg. Osaka/Chuo Apr *Nakanoshima festival Tower (West) Osaka/Kita *Nankaikaikan PJ Osaka/Chuo *Osakaeki PJ./ Umeda 3 chome PJ. Osaka/Kita Chubu, Tokai, Hokuriku area Apr 31 June 32 FujiFilm Nagoya Bldg. Nagoya/Naka Nagoya Tokyo Kaijyo Nichido Bldg. Nagoya/Naka Nigata Nipposha Mediaship Nigata/Chuo Oct Dai Nagoya Bldg. Nagoya/Nakamura 3 73 June *Shin Dai 2 Toyota Bldg. Nagoya/Nakamura Nov JP Tower Nagoya 7 JR Gate Tower Nagoya/Nakamura Nagoya/Nakamura *Global Gate Nagoya/Nakamura - - Hokkaido area Tohoku area Oct Sapporo Odori Nishi Bldg. Sapporo/Chuo OdoriNshi NTT Higashinihon Sendai Aobadori Bldg. Sendai/Aoba Shinmachi Cube Aomori /Shinmachi Aug 3 39 Aug Sapporo Mitsui JP Bldg. Sapporo/Chuo *Eastern Bldg. Sendai/Aoba Meijiyasuda Seimei Saporo Odori Bldg. Sapporo/Chuo *Shin Kushiro Dogin Bldg. Kushiro/KitaOdori *Kita 2 jyo Nishi 3 chome PJ. Sapporo/Chuo *Sendai Station Eastgate PJ *Shimin koryu Fukugo Shisetsu PJ. Sapporo/Chuo 2 33 Shikoku, Chugoku area Kyushu, Okinawa area Sep Avanza Chifune Matsuyama /Chifune Kochi Denki Bldg. Kochi/honmachi Dai 3 Myojyo Bldg. Fukuoka/Chuo July 2 *Kyubancho MG Bldg. Wakayama/Kyubancho *TERASO 2 Fukuoka/Hakata *Tunabacho Business Center Fukuoka/Hakata 26 3 *Hakataekimae PJ. Fukuoka/Hakata - * Provisional name - Abbreviations are used in some part. - Scale refers to the number of floors above ground, and one floor refers to the standard floor area in tsubo. - Building names, completion times, structure, etc. may change depending on the progress of future work. 11 Sanko Estate Sanko Estate

8 OFFICE MARKET DA OFFICE MARKET DA Office ket Data SHINJUKU Rent large-scale 3 2, Vacancy 15. large-scale 1,597,25 13,77 Kyobashi,Yaesu, Nihombashi Nihombashi-Honcho, Nihombashi- Muromachi 1,5,,55 22, 19,667 17,375 HCHOBORI Higashi-Nihombashi, Shinkawa,61,731 11,13 TOKYO Chuo.5 SHIBUYA CHIYODA CHUO % 5.79% 5.7% Ginza 1, 22,676,227 Tsukiji,Shintomi, Kayabacho 19,6 1,717,263 MINO Building size (net leasable area/floor) buildings: tsubo or more large-scale buildings: 1 to less than tsubo buildings: 5 to less than 1 tsubo 1 tsubo = 3.3 sq m = 35.5 sq feet Supply 15, 1, 9, 6, 27, 29,7,7 23,,7 7, 33,5 37, As is the case with Chiyoda, the rents continue on a downward trend for all sizes of office buildings after peaking at the end of, immediately after the global financial crisis. While the vacancy rate for medium/large-scale and medium-scale office buildings continues on a downward trend after peaking in 1, the vacancy rate for large-scale office buildings has remained almost flat since 11 affected by a large new supply. The new supply is expected to peak in 15 surpassing the level of 13. TOKYO Chiyoda Iidabashi,Kudan - 15,33 13,53 Kojimachi, Bancho 17,7,331 1,72 Uchikanda, Kajicho IMPERIAL PALACE YURAKUCHO 19,35 15,932 13,55 TOKYO KANDA AKIHABARA Sotokanda, Iwamotocho unouchi, Otemachi 39,7 -- 1,75 1,5,521 Rent large-scale 3 2, Vacancy large-scale ,136 15,519 13,36.96% 6.61%.27% Rent large-scale 3 2, Vacancy large-scale ,315 15,9 1,733 9.% 7.9% 6.3% Roppongi, Azabu, 15, 13,522 Akasaka, Aoyama 23,213,9 17,36 Hamamatsucho, Takanawa 17,239 1,92 13, HAMAMSUCHO TAMACHI Shimbashi, Toranomon SHINAGAWA 23,,296 1,69 Shibaura, Kaigan,663 11,7 11,2 TOKYO Minato The rents which peaked at the end of, immediately after the global financial crisis, have continued on a downward trend and have yet bottomed out. The vacancy rate decreased again in largescale office buildings after increasing in due to a large supply, recording a year-on-year decrease in all sizes of office buildings. Since the new supply in 1 will be half that of the previous year, further improvement in the supply and demand balance is expected. Supply 15, 1,, 9, 6, 37, 37,9 97,3 7,5 9,5 35,6 2, Supply 15, 1, 9, 6, 5,7,1 31,5 26,1 21, 17, 6, 33, While the rents for large-scale office buildings turned upward after five years, a downward trend for medium/large-scale and mediumscale office buildings has been continuing for five years. Although the vacancy rate for large-scale office buildings remains flat in the mid-7% level, the vacancy rate for medium/large-scale and medium-scale office buildings has continued to decrease to below 1%, showing contrasting trends. The peak for new supply in the next three years is expected to come in Sanko Estate 1tsubo = 3.3sq m = 35.5sq feet 1tsubo = 3.3sq m = 35.5sq feet Sanko Estate 1

9 OFFICE MARKET DA OFFICE MARKET DA TOKYO large-scale Takadanobaba, Okubo OKUBO large-scale 6, large-scale.51% 1.57% Supply (tsubo) Against the backdrop of a small new supply, the vacancy rate for all sizes of office buildings dropped by around 2 percentage points from the end of the previous year when it was over 1%. While the supply and demand balance improved, rents for large-scale office buildings which had showed signs of bottoming out again turned downward. Rents for medium/large-scale and medium-scale office buildings still show a moderate downward trend that have been continuing since and 9, respectively., 1,, 9,, 7,7 6, 5.99% 9 1, 2, large-scale 5,6, 3,3 2, SAPPORO 1, 1, Odori-Nishi 19,3 17,9,192,,9 19,793 1, large-scale large-scale SHIBUYA 15. Ebisu,Hiroo 17,5 1,71,97,6 EBISU 11,661 1,222 9,99 1,5 7,627 7,666 The vacancy rate has declined for all sizes of office buildings due to the increase of relocation demand in line with the increased demolishing of old buildings for reconstruction since 11. The fall in rent also stopped accordingly. However, although new relocation demand is expected to arise due to completion of a large-scale mixed-use building in 1, vacancy rate is likely to turn upward as the supply increases. SENDAI Kencho 13,676 1,,59 Izumichuo large-scale, 9,2,96 25 Ichibancho 11.3% 11.2% 1.9% 1,6,959 1,6 SENDAI Eki-Higashi,22 11, 9,967 Ryutsu, other areas Itsutsubashi 5,676,55 1, % 3.27% 2.6% Ekimae-Honcho ,5 1,332 9,375 7,19 7,76 Supply (tsubo) Against the backdrop of robust demand for office space from information/telecommunication/it industries, the vacancy rate for all sizes of office buildings accelerated the downward trend, reaching the 2% level for large-scale office buildings and 3% level for medium/largescale office buildings, improving the supply and demand balance. As for new supply, JR Shinjuku Station New Southgate Building (provisional name) located adjacent to the south gate of Shinjuku Station is scheduled for completion in. The market is showing strong interest in the office space of over 17, tsubo to be offered. 6,25 7,535 6, 1.. 9,.5 Sakuragaoka, Nampeidai Shiroishi, Shin-Sapporo Hiragishi,Sumikawa Toyohira,Fukuzumi 3,,23 1,5 9, 1,13,561,62 Shibuya, Dogenzaka 9,5 1,3 7,2, 2 YOYOGI HARAJUKU Odori-Higashi 1,713 15,3,666 1,1, 3 19,53 15, , 36, 13,3 1, Yoyogi, Sendagaya Sanko Estate 7, 7,5 7,23 Supply (tsubo) 15, ,,1,527.,5 1,1 9,1 uyama, Kotoni %.7% 7.6% 1. Shibuya Kitaguchi Ekimae-dori Yotsuya, Ichigaya TOKYO SAPPORO 6,1 ICHIGAYA,55,61 15,3 9, 15. SHINJUKU Nishi-Shinjuku Kita 2 jo, Asabu, Motomachi, Sakaemachi 1,77,595 7,66 3, IDABASHI 22,5 1,97 1,76,57 13,215 13,117,677,232 Shinjuku, Kabukicho Hatsudai,Honcho, Sasazuka,, Waseda, Kagurazaka large-scale 2 TAKADANOBABA 1,297 11,29 11,36 3 Shinjuku Supply (tsubo) 5, 2 21,, 2, 3, The vacancy rate had been on a continuous downward trend since the Great East Japan Earthquake, but the pace began to slow down after reaching the 11% level for all sizes of office buildings. Due partly to the slowing of post-earthquake reconstruction demand, the market remains with little factors for change., 1,7 1,5, 7,3 7,3, 2, , tsubo = 3.3sq m = 35.5sq feet 1,5 1, tsubo = 3.3sq m = 35.5sq feet 1 15 Sanko Estate

10 OFFICE MARKET DA OFFICE MARKET DA Supply (tsubo), Umeda Kita ES 幸 エ幸 エ 幸エ エス テ幸 エト ANKO,53 13,79 11,57 エ large-scale, ス ー ト 13,36 11,39 9,2 三 幸 エス テ ー ト三 幸エ幸 エト テ エトANKO エ エ large-scale エト1%1%1%1%ト エト エ OSAKA 幸エトテ ト Dojima, Nakanoshima エ トANKO エ ト エ Chikusa.% 11.%.5% 幸エ 幸エ 17,233,655 1,511 エ 幸エトテト エ 幸エトANKO エ幸 エト 三 トANKO NKO エ %1%1%エト1%1%1%1%ト TAST エス テANKO トテ KYOBASHI エ テ エ エ エ エトANKO 幸エト エス エト テANKO エス エ幸 エ エ ESTA SANK エ O エ 幸 エ エ ト エ エス ト三 幸エ エス.73%.3%.67% ス テ large-scale エ エ ト テ 幸エ KO エ Although the vacancy rate continued to decline for large-scale office buildings, it increased to over % due to the completion of Grand Front Osaka, changing the supply and demand balance significantly. On the other hand, the vacancy rate for medium/large-scale office buildings continued to decrease, showing a contrasting trend. 幸エト 幸 STAST エ ト Honmachi KO テ エ 幸エ KYOBASHI 幸エ 幸エス テ エト エ 1,229 1,3 1,19 ANKO 幸エ エ , エト テANKO エス エ 幸 エ テ エ幸 エ エ 21,7 large-scale ESTA ST三 幸エ SANK O エス ト三 幸エ エス ト三 幸エ エ 幸エ 幸エト Yotsubashi エ Shinsaibashi エ ス ス 幸エ 幸 1,526,63 9 2,1 17,,,7 13,971 1,9 9,5 エ, エ エトANKO ト エト Namba,73 1,796 1,923 エ ト Nagahori bashi 17,673 11,33 1, ,5 9,76,676 large-scale 11.61% 1.5% 7.5% large-scale FUKUOKA Momochihama The supply and demand balance is on an improving trend, but the pace of improvement remains moderate. Since vacant stock increased significantly in Umeda area, which is a competitive area with regard to location, many office building owners are trying to attract tenants by stressing affordability., NAMBA 13,3 11,17 9,559 11,5 Gofukumachi Tenjin large-scale テ OSAKA 幸エトテト エ Nishi 幸エス ス エト エトANKO エ エ 三 エ トANKO large-scale テANKO,63 1,1,15 エト エス テ, 幸エト エ ト エ エ幸 エ エ エトテ STAST エ Higobashi ST エト エトANKO SANK ー T エ O ス エ 幸 エ ト エ エス ト T エ Awaza, Nishi-Nagahori 幸エ,5,35,75 エ テ 幸エト エ ト三 幸エ Nishiku-Honmachi 11,1,7 7,2 エ エ 幸エ幸 エ幸 エス,5 1,7 9,11 テANKO エ large-scale 1%1%1%1%1%エ エ エトANKO エ幸 エ ト エト エ ト エトテ 幸エト TAST ANKO エ 幸 エトANKO STAST ST エ 幸エ 幸エト TAST エ エ テANKO ST The vacancy rate for large-scale and medium-scale office buildings is turning around, shifting from the downward trend seen until last year. As is the case with Chuo, softening of the supply and demand balance in the future is a concern since the impact from the large supply in the surrounding area of Umeda Station cannot be avoided. 17 Sanko Estate , 11,693 1,96 Eki-Higashi HAKA,55 1,75 9,272 Ekimae Yakuin, Watanabedori 13,635 11,65 9,676,5,35 9,56 ト1%1%1%1% ト トANKO エ エス ト三 幸エ エス エ エト ス テス テ トANKO エス テ 幸エ トテ エト 13.79% 1.9% 7.2% 幸エ エス エ エ1%1%1%1%1%エト1%1%1%1%ト エス ESTA エ エ エ ト テトANKO エ エト 幸エトANKO エ幸 エト 三 幸エトANKO,795 1,753 7, AS ト OSAKA,3 9,6 9,211 The vacancy rate for all sizes of office buildings shows a moderate downward trend, but rents have been flat for almost one year and there are limited signs of recovery of the market. Three projects around Meieki area (the east side of Nagoya Station) are scheduled for completion in 15 and.,, 幸 エ エ ト Nakaku, 17,66 13, 1,2 11,33,6,51 エト テ 幸エト エ ト ー トANKO エス テ エス エ エ エ エト 三,65 1,5,5 Supply (tsubo) 6, Yodoyabashi OSAKA, Chuo Nagoyaeki-Nishi トANKO テ エ ー エス エト 三 エ エ ト トANKO ー テ 1,715,25 15,99,53 11,22 エ Toyohashi Sakae 幸エス 15,96 11,799 1,99 ト ANKO エ 1%1%1%1%1%エト1%1%1%1% ト エト 幸,77 13,63 11,5 NAGOYA エトANKO エト エ エトANKO 幸エ1%1%1%1%1%ト 三 幸,91,671 1,152 エ Fushimi テ エ エト エス 11 ト ト 1%1%1%1%1%エト エト ス ANKO エス 1%1%1%1%幸 エ トANKO エ トテ ト エ幸 エトANKO エ幸 1 幸エト 9 ト エト エ エ 1,3 21,1 Meieki Minamimorimachi 23,6, ANKO 57,5 3,9, テ テ NAGOYA 1,97 11,226 9,967 エス エス 57,1 エス 幸エ large-scale 6, エト テ 75,5 The largest supply in three years was recorded in 13 due to the completion of Grand Front Osaka and a significant excess supply primarily in large-scale office buildings in Kita was observed. New supply is expected to drop again to around, tsubo after 1, which gives high expectations for improvement of the supply and demand balance. OSAKA, 1, OSAKA.62% 11.9%.% Supply (tsubo) 3 2, 2, 21, 1,, 7, 1tsubo = 3.3sq m = 35.5sq feet 9,1,6 The vacancy rate has improved from the high level marked after the global financial crisis and has shown a downward trend for all sizes of office buildings. However, improvement of the supply and demand balance has not reached a state where it can bring about a rise in rents. New supply is expected to continue at a low level for the time being and there is little concern for over-supply. 1, ,1 1,6 1, tsubo = 3.3sq m = 35.5sq feet Sanko Estate 1

11 Change in Office Rents and Economic Trends Current as of December 1 Office rents (unit: yen/tsubo) *Excluding common service fee Class A office buildings in entral Tokyo (contracted rent) buildings in Tokyo Central 3 wards (contracted rent) *Tokyo Central 3 wards: Chiyoda, Chuo, Minato Definition of Class A office buildings Area: Tokyo Central 5 wards + major business districts Total Floor Area: 1, tsubo~ Standard Floor: 3 tsubo~ Year of Completion: ~ Facilities: Ceiling height 2.7m~, Individual air conditioning & heating, High anti-seismic and environmental performance GDP and vacancy rate (unit: %) Vacancy rate (large-scale buildings in the Tokyo Central 3 wards) Real GDP growth rate (calendar year) Source: "SNA (System of National Accounts)" by the Cabinet Office Source of predicted values: NLI Research Institute Contracted rent (yen/tsubo) Yen's accelerated appreciation/ renews postwar record high Great Hanshin- Awaji Earthquake Economic structural reform starts with relaxation of regulations etc. Big Bang financial reform/ consumption tax increased to 5% Economic downturn caused by collapse of financial institutions (Yamaichi Securities, Hokkaido Takushoku Bank) Unprecedented feeling of gloom due to worsening financial system collapse Concentration and Vigorous IT/ expansion of growing demand IT/Internet ventures in Shibuya Bit Valley Collapse of IT bubble/concurrent stock selloff in Japan and the U.S. Simultaneous terror attacks in the U.S./ fears of simultaneous global recession Disposal of bad bank loans/ measures for financial stabilization Problem of large supply of newly constructed downtown offices Integrated deflationfighting measures/ beginning of industrial revival Nikkei average recovers to about yen Progress in government's structural reform Tokyo 3 Convergence of problems Economic recovery Landslide victory by Liberal Democratic Party Enactment of postal service privatization bill Revelation of seismic intensity documentation forgery problem Full-fledged economic recovery Nikkei average recovers to about Izanagi boom 1, yen for curtailed first time in 5 years Signs of mini real estate bubble Ceiling in real estate market rents Subprime mortgage crisis/ effect on the economy Lehman shock (Critical outbreak of the global financial crisis) 5,513 Shift of power to the Democratic Party First record-level appreciation of the yen in 15 years Great East Japan Earthquake Renews recordsetting appreciation of the yen European financial crisis Rise in friction with neighboring countries affects the economy Sweeping victory if the Liveral Democratic Party in the Uppen House election Tokyo elected to host the Olympics, Class A buildings in central Tokyo (contracted rent) 3 2 buildings in Tokyo Central 3 wards (contracted rent) 29,733 26, , % 11% 1% 9% % 7% 6% 5% % 3% 2% % -1% -2% -3% -% -5% -6% 11.3% 1.9% 2.6% 1.6% -2.% -.2% 2.3% Real GDP growth rate 1.7%.%.3%.% 1.7% 2.% Vacancy rate (large-scale buildings in Tokyo central 3 wards) 1.3% 1.3% 1.7% 2.2% -1.% -5.5%,17 6.5% 6.7% 6.1%.7% 1.9% 1.% 1.2% -.6% *Source: NLI Research Institute 19 Sanko Estate Sanko Estate

12 The Sanko Process CONTRACT The services offered by Sanko Estate to firms looking for office space cover everything from the first introductions to the signing of a contract. This is how we do it. STEP 1 Inquiry, Data Search, and Preparation of Materials First tell us what you are looking for how you will use the office, what area and location you want, the size you want, how much rent you want to pay, and when you would like to move in. We ll then make an appointment to provide you with lists and materials concerning buildings that fit your needs.please feel free to contact even during your initial planning stages. Our staff of specialists will feed your request into our network to run a search in our abundant database for buildings that best meet your requirements, then prepare a list of these structures for your reference. STEP 2 Selecting the Buildings to Visit You may then select the most likely prospects from the list of potential offices, and our staff member will provide you with more detailed information concerning them, including pamphlets, floor plans, sample contracts, and the like. If none of the candidates seems right, we will update the list daily until you have found a place which meets your needs. STEP 3 Visiting the Office Sites After narrowing down your list of top candidates, it will be time to see the buildings themselves. We will accompany you to check the offices. This process should narrow your list of candidates even further, to one or two finalists. STEP Final Consultations Once you have made your final selection, a member of our staff will work with you to make pre-signing checks on contract conditions and all other aspects of the rental. He will also be present to represent your interests in negotiations with the building owner. At the end of this process you will be in a position to make an informed decision. STEP 5 Signing the Contract After you have made your final decision, the contract signing stage is entered. The procedures are as follows: A. The client submits an application to the owner. B. After the client obtains the owner s consent, a draft of the contract is passed, and the client checks it. C. The contract is signed formally. After the final arrangement has been made, the dissolution of the contract for your current offices is completed, and papers at the appropriate government offices are filed to register your move. Flowchart Customer Sanko Estate Building Owner Information Selection of Candidates Visiting Selected Buildings Final Selection to One Building Examination of Conditions First Meeting Introductions Discussion about Conditions of Contract Annual Report Company Brochure Application Acceptance Explanation about Important Conditions Confirmation of Conditions Reservation Money (Part of Deposit. It is needed in some cases) Meeting Schedule for Contract Deposit Money Rent + Other Fees Comission Contract 21 Sanko Estate Sanko Estate 22