Please find attached the property portfolio information of Astro Japan Property Group as at 30 June 2012.

Transcription

1 ASX/Media Release 6 September 2012 AJA PROPERTY PORTFOLIO AT 30 JUNE 2012 Please find attached the property portfolio information of Astro Japan Property Group as at 30 June ENDS Investor & Media Enquiries: Eric Lucas John Pettigrew Senior Advisor Chief Financial Officer Phone: (Australia) Phone: (Japan) About Astro Japan Property Group (AJA) Astro Japan Property Group is a listed property group which invests in the Japan real estate market. It currently holds interests in a portfolio comprising 40 retail, office and residential properties. Asset management services in Japan are generally undertaken by Spring Investment Co., Ltd. AJA is a stapled entity comprising Astro Japan Property Trust (ARSN ) and Astro Japan Property Group Limited (ABN ). For further information please visit our website:

2 AJA Property Portfolio As at 30 June 2012

3 Portfolio Overview Property Location Prefecture Carrying Value Trust share of Jun-12 net rentable area Actual Actual billions portfolio (sqm) Jun-11 Jun-12 Office JN Kanagawa prefecture - Yokohama Greater Tokyo % 10, % Ginza Dowa Central Tokyo - Chuo ward, Ginza Central Tokyo % 6, % 92.2% Osaka No.4 Osaka prefecture - Osaka Greater Osaka % 13, % 96.3% Osaka No.3 Osaka prefecture - Osaka Greater Osaka % 8, % 89.5% Yamashitacho Kanagawa prefecture - Yokohama Greater Tokyo % 5, % 62.8% Higashi Totsuka Kanagawa prefecture Yokohama Greater Tokyo % 5, % 84.2% Takadanobaba Central Tokyo - Shinjuku ward, Takadanobaba Central Tokyo % 2, % 45.1% Forest Kita Aoyama Central Tokyo - Minato ward, Kita Aoyama Central Tokyo % 998 Sun Ace Tokugawa Aichi prefecture - Nagoya Aichi % 6, % 49.7% OS Tsukiji Central Tokyo - Chuo ward, Tsukiji Central Tokyo % 2, % Prime Kanda Central Tokyo - Chiyoda ward, Kanda Sudacho Central Tokyo % 1, % Asakusa Tokyo - Taito ward, Komagata Greater Tokyo % 2,047 Akabane Tokyo - Kita ward, Akabane Greater Tokyo % 1, % 74.6% Daikanyama Takara Tokyo - Meguro ward, Kami Meguro Greater Tokyo % % 65.3% FT Nihombashi Central Tokyo - Chuo ward, Nihombashi Hisamatsucho Central Tokyo % 1, % Yotsuya KD Central Tokyo - Shinjuku ward, Yotsuya Central Tokyo % 1, % Sun No.5 Central Tokyo - Chuo ward, Nihombashi Muromachi Central Tokyo % 801 Retail Kawasaki Dice Kanagawa prefecture - Kawasaki Greater Tokyo % 12, % 98.8% Konan Home Centre Chiba prefecture - Ichikawa Greater Tokyo % 48,819 Shinjuku Fuji Central Tokyo - Shinjuku ward, Nishi Shinjuku Central Tokyo % 1,476 Mukomachi Saty Kyoto prefecture - Muko Greater Osaka % 22,528 Shibuya Konami Central Tokyo - Shibuya ward, Shinsencho Central Tokyo % 4,993 Susono Shizuoka prefecture-susono Shizuoka % 12,321 Matsudo Nitori Chiba prefecture - Matsudo Greater Tokyo % 8,946 Ginowan Okinawa prefecture -Ginowan Okinawa % 10,551 Tsudanuma Chiba prefecture - Narashino Greater Tokyo % 1,840 Sapporo Toys 'R' Us Hokkaido prefecture - Sapporo Hokkaido % 6,163 Sapporo Ai Hokkaido prefecture Sapporo Hokkaido % 3, % Harajuku Bell Pier Central Tokyo - Shibuya ward, Jingumae Central Tokyo % 783 Motomachi Kanagawa prefecture Yokohama Greater Tokyo % 1, % Round One Amagasaki Hyogo prefecture Amagasaki Greater Osaka % 5,256 Sapporo Co-op Hokkaido prefecture - Kitahiroshima Hokkaido % 12,209 Round One Nara Nara prefecture - Nara Greater Osaka % 5,157 Kajicho Ekimae Central Tokyo - Chiyoda ward, Kajicho Central Tokyo % % Yoshikawa Saitama prefecture -Yoshikawa Greater Tokyo % 11, % 99.4% Residential Tosabori Osaka prefecture - Osaka Greater Osaka % 11,549 Sekijomachi Fukuoka prefecture - Fukuoka Fukuoka % 10,755 G-Clef Kamata Tokyo - Ota ward, Nishi Kamata Greater Tokyo % 3,310 Prime Stay Tsukiji Central Tokyo - Chuo ward, Tsukiji Central Tokyo % 1, % Nishi Kasai Tokyo - Edogawa ward, Nishi Kasai Greater Tokyo % 1,490 2

4 Portfolio Snapshot Property Prefecture Carrying Value Jun-12 Dec-11 Jun-11 billions billions billions % change from portfolio Jun-11 to Jun-12 Actual Actual Jun-11 Jun-12 Office JN Greater Tokyo % 7.8% 96.5% Ginza Dowa Central Tokyo % 7.2% 91.7% 92.2% Osaka No.4 Greater Osaka % 6.1% 91.9% 96.3% Osaka No.3 Greater Osaka % 2.5% 85.7% 89.5% Yamashitacho Greater Tokyo % 2.2% 56.9% 62.8% Higashi Totsuka Greater Tokyo % 1.8% 93.7% 84.2% Takadanobaba Central Tokyo % 1.5% 61.9% 45.1% Forest Kita Aoyama Central Tokyo % 1.5% Sun Ace Tokugawa Aichi % 1.2% 47.2% 49.7% OS Tsukiji Central Tokyo % 1.2% 86.5% Prime Kanda Central Tokyo % 1.2% 85.7% Asakusa Greater Tokyo % 1.2% Akabane Greater Tokyo % 0.7% 87.3% 74.6% Daikanyama Takara Greater Tokyo % 0.7% 75.8% 65.3% FT Nihombashi Central Tokyo % 0.6% 83.3% Yotsuya KD Central Tokyo % 0.5% 61.4% Sun No.5 Central Tokyo % 0.5% Retail Kawasaki Dice Greater Tokyo % 12.3% 98.2% 98.8% Konan Home Centre Greater Tokyo % 10.7% Shinjuku Fuji Central Tokyo % 4.6% Mukomachi Saty Greater Osaka % 3.5% Shibuya Konami Central Tokyo % 2.4% Susono Shizuoka % 2.3% Matsudo Nitori Greater Tokyo % 2.2% Ginowan Okinawa % 2.0% Tsudanuma Greater Tokyo % 2.0% Sapporo Toys 'R' Us Hokkaido % 1.6% Sapporo Ai Hokkaido % 1.5% 97.0% Harajuku Bell Pier Central Tokyo % 1.5% Motomachi Greater Tokyo % 1.5% 68.4% Round One Amagasaki Greater Osaka % 1.4% Sapporo Co-op Hokkaido % 1.1% Round One Nara Greater Osaka % 1.0% Kajicho Ekimae Central Tokyo % 0.7% 61.9% Yoshikawa Greater Tokyo % 0.3% 95.7% 99.4% Residential Tosabori Greater Osaka % 4.2% Sekijomachi Fukuoka % 2.5% G-Clef Kamata Greater Tokyo % 1.1% Prime Stay Tsukiji Central Tokyo % 0.7% 87.3% Nishi Kasai Greater Tokyo % 0.5% 3

5 Office JN Dec Sep % 1,687 3,048 10,075 Multi-tenant office building Yokohama 3, Otamachi, Naka-ku Yokohama-shi, Kanagawa Approximately 400 metres (a five minute walk) from Kannai station on the JR Keihin Tohoku lines City of Yokohama Bab-Hitachi HSBC Toppan Forms Faurecia-NHK Other - 3 tenants % 20.8% 16.2% 7.8% 6.9% 13.4% The JN property is a 14 storey office property completed in September It faces a major road (Kannai Odori) in the central business district of Yokohama, which is approximately 30 minutes by train from central Tokyo. 1 Received cancellation notice. The lease will terminate in November

6 Office Ginza Dowa Apr Sep % Multi-tenant office building with some retail tenants Chuo Ward Kyodo PR Valic Seven-Eleven Japan Taiju Soken / Kaikoukai Sun M Creation Other - 18 tenants 1,162 1,925 6, % Fixed cancellable Fixed cancellable total rent 40.2% 12.3% 5.4% 5.2% 4.7% 32.2% , Ginza Chuo-ku, Tokyo Approximately 240 metres (a three minute walk) from Ginza station on the Tokyo Metro Marunouchi, Ginza and Hibiya lines. The Ginza Dowa property is a nine-storey plus basement level office building located in Ginza. It has a corner location facing Ginza Corridor Street, one of the better known Ginza streets. 5

7 Office Osaka No Sep Aug % 8,439 4,121 13, % ¹ AJA's interest in this property comprises a condominium interest in eight floors (7, 8, 18 and 21 to 25). AJA's interest is the largest individual lot in the condominium association. The Trust holds ownership equivalent to ,439 sqm of the land. Nippon Travel Xymax Axis Dimple NTT Marketing Sumitomo Life Insurance Other - 48 tenants 10.2% 7.8% 7.7% 6.3% 4.6% 63.3% Multi-tenant office building Osaka CBD 1-11, Umeda, Kita-ku Osaka-shi, Osaka Approximately 80 metres (a one minute walk) from Higashi-Umeda station on Tanimachi line and approximately 400 metres (a five minute walk) from JR Osaka station. The Property is a 25 storey building located in the centre of Osaka near JR Osaka station. It is connected to JR Osaka and other subway stations via a recently renovated underground shopping arcade which contains a number of retail stores and restaurants. 6

8 Office Osaka No Nihon Jutaku Ryutsu Novac Sumitomo Life Insurance Sumitomo Real Estate Sales Seiwa Jyuku Other 45 tenants Sep Sep % 10,342 2,537 8, % ¹ AJA's interest in this property comprises a condominium interest in five floors (7, 8, 28, 30 and 31). AJA's interest is the largest individual lot in the condominium association. The Trust holds ownership equivalent to ,342 sqm of the land % 6.8% 5.8% 5.6% 4.7% 62.1% Multi-tenant office building Osaka CBD 1-1, Umeda, Kita-ku Osaka-shi, Osaka Approximately 80 metres (a one minute walk) from Kita-Shinchi station on JR Tozai line and approximately 400 metres (a five minute walk) from JR Osaka station. The Property is a 34 storey building located immediately adjacent to Osaka Ekimae No. 4 in the centre of Osaka near JR Osaka station. It is connected to JR Osaka and other subway stations via a recently renovated underground shopping arcade which contains a number of retail stores and restaurants. 7

9 Office Yamashitacho May Oct % Multi-tenant office/retail building Yokohama 273, Yamashitacho, Naka-ku Yokohama-shi, Kanagawa 1,131 1,665 5, % Approximately a five minute walk from Ishikawacho station on the JR Negishi line. Nihon Chouzai Cornes & Company Seven-Eleven Japan Factory Japan Panasonic Consumer Marketing Other 2 tenants Fixed non-cancellable 1 non-cancellable % 16.7% 14.5% 13.3% 13.0% 16.0% Yamashitacho is located in Yokohama City in the Kanagawa prefecture, approximately 30 kilometres south of Tokyo. The property is close to the Kanagawa prefectural government offices, China Town, Yokohama Stadium and Motomachi shopping street year lease. The lease is non-cancellable for the initial five years (until October 2015). 2 2 year lease (automatically renewed). The lease is non-cancellable until August

10 Office Higashi Totsuka NTT Advanced Technology Misawa Homes Tokyo KDDI Daio Paper Apr Feb % 1,582 1,716 5, % noncancellable¹ 1 2 year lease (automatically renewed). The leases are non-cancellable until March % 37.8% 5.6% 4.5% Multi-tenant office building Yokohama 90-6, Kawakamicho, Totsuka-ku Yokohama-shi, Kanagawa Approximately 80 metres (a one minute walk) from Higashi Totsuka station on the JR Yokosuka line. The Higashi Totsuka property is an 11-storey office building with 38 parking lots at basement level. The property is adjacent to the Higashi Totsuka JR station, which is the second station eight kilometres south from Yokohama station on the Yokosuka line and 37 kilometres from central Tokyo. 9

11 Office Takadanobaba Royal Holdings Chino Tosei Corporation Nextage Mar Mar % 1, , % Fixed noncancellable¹ 48.9% 25.2% 13.7% 12.2% Multi-tenant office/retail building Shinjuku ward , Takadanobaba Shinjuku-ku, Tokyo Takadanobaba is a four-storey building with two basement levels located close to the Takadanobaba station, a busy rail hub in central Tokyo approximately seven kilometres from Tokyo station. 1 2 month lease. The lease is non-cancellable during the term (until August 2012). 10

12 Office Forest Kita Aoyama Telecom Staff Apr Apr % Fixed noncancellable year lease. The lease is non-cancellable for the initial two years (until June 2013). Single-tenant office building Minato Ward , Kita Aoyama Minato-ku, Tokyo Approximately 50 metres (a one minute walk) from Omotesando station served by Tokyo Metro Ginza, Chiyoda and Hanzomon lines. The Forest Kita Aoyama property is located in the heart of the fashion and design area of Kita Aoyama in the Minato ward of central Tokyo. The building is a modern threestorey (plus basement and attic) office building with four car parking spaces. 11

13 Office Sun Ace Tokugawa Toyo Ink Mfg Hokusho Nippon Life Insurance Dimanche Samsung Other 12 tenants Jan Mar % 1,953 1,886 6, % 15.1% 12.7% 12.5% 6.9% 5.7% 47.1% Multi-tenant office building Nagoya 1-901, Tokugawa, Higashi-ku Nagoya-shi, Aichi Sun Ace Tokugawa is located in Nagoya, the fourth largest city in Japan, with a population of approximately 2.3 million. Nagoya is a major industrial centre located in central Japan. 12

14 Office OS Tsukiji Japan News Agency Scandex Sadamatsu Tokyo Recording Freerun Other 2 tenant Dec Jul % , % 17.3% 16.0% 14.5% 10.4% 12.8% Multi-tenant office/retail building Chuo ward , Tsukiji Chuo-ku, Tokyo OS Tsukiji is an eight-floor office building located in the Tsukiji area of central Tokyo, immediately to the east of the Ginza area. The property is located close to three subway stations, Higashi Ginza station on the Hibiya line, Tsukiji station on the Hibiya line and Tsukiji Shijo station on the Toei Oedo line. The Tsukiji Shijo, one of the major wholesale markets in metropolitan Tokyo, is located three minutes from the property. 13

15 Office Prime Kanda 1 1 Diesel United Yokogawashikaden Tokai Optical Nippon Pachinko Parts Ontec Other 1 tenant Jan Aug % , % ¹ This is a condominium property. The 1,680 sqm of NRA represents of the Trust's interest in level B1 and 4F to 10F. The Trust holds ownership equivalent to sqm of the land. 20.7% 17.2% 17.2% 16.1% 14.9% 13.8% Multi-tenant office building Chiyoda ward 2-8-2, Kanda Sudacho Chiyoda-ku, Tokyo Approximately 50 metres (a one minute walk) from Iwamotocho station on the Shinjuku subway line Prime Kanda, constructed in 1990, is a medium-sized, multi-tenant office building comprising 10 levels with basement. It is located in central Tokyo in the Kanda district, an area with a mix of small to medium-sized office and mixed-use buildings. 14

16 Office Asakusa Bekkoame Internet Feb Sep % ,047 Fixed non-cancellable 1 Single-tenant office/retail building Taito ward 1-3-8, Komogata Taito-ku, Tokyo Asakusa is an eight-floor office property with one basement level, and is leased to a single tenant on a fixed non-cancellable lease for 10 years. ¹ 10 year lease. The lease is non-cancellable during the term (until February 2016). 15

17 Office Akabane Jan Jun % , % Multi-tenant office building Kita ward 1-6-7, Akabane Kita-ku, Tokyo Approximately 130 metres (a two minute walk) from Akabane station on the JR Keihin Tohoku line and other JR lines. Eikoh Mini Stop Akabane Law Office Showa Alphax Plaviswork non-cancellable¹ 31.6% 23.2% 16.7% 14.3% 14.3% Akabane is an eight-level office building, well located in the Akabane commercial centre, very close to the railway station. The property has a convenience store on the ground level and office tenants on the upper levels. 1 2-year lease (automatically renewed). The lease is non-cancellable until October

18 Office Daikanyama Takara Jan Apr % % Multi-tenant office building Meguro ward 1-3-2, Kami-Meguro Meguro-ku, Tokyo Approximately 250 metres (a four minute walk) from Naka Meguro station on the Hibiya subway line and 450 metres (a six minute walk) from Daikanyama station on the Tokyu Toyoko line. Mother Enterprise Tekunodo 81.0% 19.0% Daikanyama Takara is a multitenant office building comprising four levels. It is in a prime location between two busy stations. Daikanyama is a vibrant, fashionable area, one train stop from the major hub of Shibuya in central Tokyo. 17

19 Office FT Nihombashi 1 1 Jan Oct % ,182 ¹ This is a condominium property. The 1,182 sqm of NRA represents of the Trust's interest in level 3F to 8F. The Trust holds ownership equivalent to sqm of the land. Multi-tenant office building Chuo ward 10-6, Nihombashi Hisamatsucho Chuo-ku, Tokyo Approximately 250 metres (a three minute walk) from Higashi Nihombashi station on the Asakusa subway line. Oriental Bio Coloplast Private Individual Libero 47.6% 18.6% 16.9% 16.9% FT Nihombashi is a multi-tenant office building with nine levels. It is located in the Nihombashi district in central Tokyo, in an area dominated by small to medium-sized businesses. 18

20 Office Yotsuya KD Ito Fujita Patent Office 1 LUX Epsilon Japan Transportation Research Institute Sanko Industries Blue Note Other 3 tenants Apr Feb % ,200 noncancellable¹ 17.1% 15.2% 11.5% 11.4% 11.4% 11.4% 33.4% Multi-tenant office/residential building Shinjuku ward , Yotsuya Shinjuku-ku, Tokyo Approximately 470 metres (a six minute walk) from Shinjuku Gyoenmae station on the Tokyo Metro Marunouchi line. Yotsuya KD is a small multi-tenant office building comprised of nine floors and a basement. The ground floor to the seventh floor is leased as offices and the top two floors comprise two residential units. 1 2-year lease (automatically renewed). The lease is non-cancellable until July

21 Office Sun No. 5 ¹ Apr May % Multi-tenant office/retail building Chuo ward , Nihombashi Muromachi Chuo-ku, Tokyo Approximately 250 metres (a three minute walk) from Kanda station on the JR line. ¹ The land is leased Ramura Nakamura Kosha Ashima SystemCom Corporation Oneconsist Ohtaoilmill Other 2 tenants 28.6% 12.8% 10.9% 10.8% 10.8% 10.8% 15.3% The Sun No. 5 property is a small, multi-tenant office / retail building. The property is adjacent to the Muromachi / Honcho office areas, where the head office of the Bank of Japan and the main store of the Mitsukoshi department store chain are located. 20

22 Retail Kawasaki Dice % Mar 05 & Dec Aug % 4,475 3,649 12, % ¹ The Trust holds a 48% interest in Kawasaki Dice, which is a condominium interest equivalent to 89.6 the building and 87 the land. Multi-tenant (retail, cinema, restaurant, entertainment) building Kawasaki 8, Ekimaehoncho, Kawasaki-ku Kawasaki-shi, Kanagawa Approximately 250 metres (a three minute walk) from Kawasaki JR station and approximately 80 metres (a one minute walk) from Keikyu-Kawasaki station of Keikyu line. Best Denki Matahari TOHO Cinemas Aoi Shoten Tokyu Hands Other 15 tenants non-cancellable 2 non-cancellable 3 Fixed non-cancellable 4 Fixed non-cancellable year lease. The lease is non-cancellable during the term (until August 2013) year lease. The lease is non-cancellable for the initial 10 years (until August 2013) year lease. The lease is non-cancellable during the term (until August 2023) year lease. The lease is non-cancellable during the term (until August 2013). 32.7% 27.9% 10.3% 10.0% 7.7% 11.4% Kawasaki Dice is a large scale (11 floors above ground plus two basement levels) multi-tenant retail, cinema, restaurant and entertainment complex 21

23 Retail Konan Home Centre Apr Mar % Single-tenant retail home centre and speciality stores Ichikawa Toyota Tsusho Corporation / Konan Shoji Type of lease 83,401 14,768 48,819 Fixed noncancellable 1 ¹ The property is leased to Konan Shoji on a 20 year lease. For the first 12 years (until March 2017) the master lessee under a non-cancellable Fixed Term Lease is Toyota Tsusho Corporation pursuant to which Toyota Tsusho subleases to Konan Shoji. From the end of the 12 year master lease term the lease is directly with Konan Shoji , Baraki Ichikawa-shi, Chiba Located close to the expressway, approximately 720 metres (a nine minute walk) from Futamata Shinmachi station on the JR Keiyo Line and 20 minutes by car from the centre of Tokyo. The Konan Home Centre is a large scale retail complex comprising a home centre with additional speciality shops (consumer electronics, supermarket, shoe store, variety goods and a gas station). It is leased to a single tenant through to March

24 Retail Shinjuku Fuji Jan Jun % ,476 Multi-tenant retail building Shinjuku , Nishi Shinjuku Shinjuku-ku, Tokyo Approximately 270 metres (a four minute walk) from JR Shinjuku station. Gaia Watami Saizeriya Interbrains MI Foods System Fixed non-cancellable 1 Fixed non-cancellable % 13.0% 11.3% 3.0% 1.6% Shinjuku Fuji is located in a prime position in the Nishi (west) Shinjuku district of central Tokyo adjacent to the Shinjuku station, the busiest commuter train station in Japan. The building comprises six floors above ground and two basement levels year lease. The lease is non-cancellable for the initial seven years (until July 2012). 2 6 year lease. The lease is non-cancellable during the term (until July 2018). 23

25 Retail Mukomachi Saty Aeon Retail Nov Sep 70/Nov 81/ Apr % 11,690 6,815 22,528 Single-tenant retail building Kyoto 15 Kotsukuda, Teradocho Muko-shi, Kyoto Approximately 170 metres (a 3 minute walk) from Higashi Muko station on Hankyu Kyoto line and 630 metres (an 8 minute walk) from JR Mukomachi station. Mukomachi Saty is a single-tenant, six-level shopping centre, including machinery room on 5th and 6th floor, with car parking located in Muko, six kilometres southwest of central Kyoto. 24

26 Retail Shibuya Konami Aug May % 756 1,510 4,993 Single-tenant fitness club Shibuya ward 18-11, Shinsencho Shibuya-ku, Tokyo Approximately 350 metres (a five minute walk) from Shinsen Station on the Keio Inokashira line. The property is facing Yamate dori. Konami Sports & Life non-cancellable year lease. The lease in non-cancellable for the initial five years (until March 2014). Shibuya Konami is a nine-storey, single tenant fitness club with two basement/parking floors. Located within walking distance from central Shibuya, one of the busiest retail districts in Tokyo. 25

27 Retail Susono Jan Jun % 8,859 3,727 12,321 Multi-tenant retail building Susono aza, Nakahata Sano, Susono-shi, Shizuoka Approximately 400 metres (a five minute walk) from Susono station on the JR Gotemba line. Gourmet City Kanto Aeon Kimisawa MY Communications Shizuoka Labor Bureau non-cancellable 1 non-cancellable 2 non-cancellable 3 total rent 59.6% 38.2% 1.2% 1.0% Susono is a four-storey retail building located close to the railway station in Susono, Shizuoka year lease. The lease is non-cancellable during the term (until June 2014) year lease. The lease is non-cancellable during the term (until June 2014). 3 5 year lease. The lease is non-cancellable for the initial three years (until March 2014). 26

28 Retail Matsudo Nitori Nitori Holdings Oct Sep % 3,573 2,706 8,946 non-cancellable 1 ¹20 year lease. The lease in non-cancellable during the term (until September 2024). Single-tenant retail building Matsudo , Matsudo Matsudo-shi, Chiba Approximately 1.2 kilometres (a 15 minute walk) from Matsudo station on the JR Joban line. The property is facing Route 6. Matsudo Nitori is a five-storey retail building completed in September 2004 and occupied by a single tenant. It is located in a densely populated area, Matsudo in Chiba, east of Central Tokyo. 27

29 Retail Ginowan Daiso Sangyo Aug Jan % 22,300 3,192 10, % Multi-tenant retail building Ginowan 7-6-1, Oyama Ginowan-shi, Okinawa Ginowan is a roadside shopping centre comprising four buildings (each of one or two storeys) located in Ginowan, Okinawa. It has a variety of specialty retailers including Aeon, Uniqlo, Shimamura, Shoe Plaza and Daiso. Uniqlo Fun Field Aeon Ryukyu Shimamura Fixed non-cancellable1 non-cancellable % 13.0% 12.0% 11.3% Other 5 tenants 37.1% 1 3 year lease. The lease in non-cancellable during the term (until January 2014) year lease. The lease is non-cancellable for the initial five years (until November 2015). 28

30 Retail Tsudanuma Apr Feb % ,840 Multi-tenant retail building Narashino , Tsudanuma Narashino-shi, Chiba Approximately 50 metres (a one minute walk) from JR Tsudanuma station on the JR Sobu line. Segami Medics Skylark Chiba Red Cross Blood Centre Manboo Monteroza Fixed non-cancellable % 19.5% 17.9% 17.9% 15.4% A six-storey retail building located in the middle of a busy retail area in the Chiba prefecture, east of Tokyo year lease. The lease in non-cancellable during the term (until January 2018). 29

31 Retail Sapporo Toys R Us Toys R Us Japan Daiya Shobo Jan Oct 93/Jan %/4.21% 13,223 1,865 6,163 non-cancellable year lease. The lease is non-cancellable during the term (until January 2014). 77.7% 22.3% Two retail buildings Sapporo , Hassamu 14-jo Nishi-ku, Sapporo-shi, Hokkaido Approximately 1.2 kilometres (a 15 minute walk) from JR Hassamu Chuo station, approximately nine kilometres from central Sapporo, Hokkaido. Sapporo Toys R Us comprises a two-building retail complex. It is located in Sapporo, the prefectural capital of Hokkaido, the northernmost main island of Japan. 30

32 Retail Sapporo Ai Sep Oct % ,209 Multi-tenant retail building Sapporo 1-2, Kita-4 Nishi-2 Chuo-ku, Sapporo-shi, Hokkaido Located adjacent to Sapporo Station and linked via an underground walkway. KN Sanko OCC Ree Pro Collaboration & Action Marui Other 7 tenants Fixed cancellable Fixed cancellable 35.1% 14.9% 12.4% 8.1% 6.7% 22.7% Sapporo Ai is an eight storey retail centre with three basement floors situated in the Sapporo CBD near JR Sapporo station, one of the busiest retail areas on Hokkaido Island. 31

33 Retail Harajuku Bell Pier M & T Consul Baycrews Private Individual Green Stamp Carmine Other 4 tenants Apr Jan % % 15.6% 14.1% 11.7% 10.4% 22.9% Multi-tenant retail building Shibuya ward 6-6-2, Jingumae Shibuya-ku, Tokyo Located approximately 200 metres (a three minute walk) from Meiji- Jingumae station on the Tokyo Metro Chiyoda line. Harajuku Bell Pier is a multi-tenant retail building completed in It is located in the Harajuku / Omotesando retail area of central Tokyo, the heart of youth and design culture in Tokyo. 32

34 Retail Motomachi K Uno Joyful Maruyama Kenwakai Medical Corporation Private Individual Private Individual Other 1 tenant Apr Jun % , % 57.5% 17.0% 7.6% 6.3% 6.1% 5.5% Multi-tenant retail building with some office tenants Yokohama 4-168, Motomachi, Naka-ku Yokohama-shi, Kanagawa Approximately 350 metres (a five minute walk) from Ishikawacho station on the JR Negishi line and Motomachi-Chukagai station on the Minatomirai line. The Motomachi property is a prime retail building located in the centre of Yokohama s leading upmarket specialty retail street, Motomachi. 33

35 Retail Round One Amagasaki Round One Sep Sep % 3,590 1,590 5,256 non-cancellable year lease. The lease in non-cancellable during the term (until May 2018). Single-tenant retail (amusement) Amagasaki , Nishi Namba Amagaski-shi, Hyogo Located approximately 700 metres (a nine minute walk) from Hanshin Deyashiki station. Round One Amagasaki is a single tenant retail building over six levels. It is located on Route 2 in Amagasaki, west of Central Osaka 34

36 Retail Sapporo Co-op Aug Apr % 15,153 3,693 12,209 Multi-tenant retail building Kitahiroshima 1-4-1, Sakaecho Kitahiroshima-shi, Hokkaido Approximately 500 metres (a seven minute walk) from Kitahiroshima station on JR Chitose line. Co-op Sapporo Pandora Fun Field Shichifuku Shoji non-cancellable 1 Fixed non-cancellable 2 Fixed non-cancellable % 30.1% 1.1% 0.3% Sapporo Co-op is a large scale retail complex comprising a general merchandise store and amusement arcade. It is located in Kitahiroshima, a suburb of greater Sapporo year lease. The lease in non-cancellable during the term (until November 2012). 2 1 year lease. The lease is non-cancellable during the term (until May 2013). 3 1 year lease. The lease is non-cancellable during the term (until November 2012). 35

37 Retail Round One Nara Sep Jul % 2,989 1,560 5,157 Single-tenant retail (amusement) Nara , Shin Omiya Nara-shi, Nara Located approximately 640 metres (an eight minute walk) from Shin Omiya station of Kintetsu line. Round One non-cancellable 1 Round One Nara is a single tenant retail building with six levels. It is located on Route 369 in Nara, 50 minutes by train from Osaka year lease. The lease in non-cancellable during the term (until April 2016). 36

38 Retail Kajicho Ekimae Jan Nov % % Multi-tenant retail building Chiyoda ward Kajicho Chiyoda-ku, Tokyo Approximately 100 metres (a two minute walk) from Kanda station on the JR and Ginza subway lines. Ootoya Reins Colowide East Japan 40.1% 37.0% 22.9% Kajicho Ekimae is a five-level multitenant property, located in a predominately retail area known as Kanda within Central Tokyo. 37

39 Retail Yoshikawa Jun Oct % 9,136 3,504 11, % Multi-tenant retail building Yoshikawa , Sakae-cho Yoshikawa-shi, Saitama Approximately 4 kilometres from Yoshikawa station on the JR Musashino line. Kasumi HIC Sanki Let s Consulting Daiso Sangyo Other 23 tenants Fixed non-cancellable 1 Fixed cancellable Fixed non-cancellable 2 Fixed cancellable 46.6% 8.0% 7.9% 6.4% 6.4% 24.7% The property is a local neighbourhood shopping centre located in Yoshikawa in Saitama, approximately 30 kilometres north of Tokyo. The property was renovated in June year lease. The lease is non-cancellable during the term (until August 2016) year lease. The lease is non-cancellable until May

40 Residential Tosabori Takuto Kanri Dec Sep % 1,816 3,494 11,549 Fixed non-cancellable year lease. The lease is non-cancellable during the term (until December 2014). Residential building Osaka CBD 3-3-2, Tosabori, Nishi-ku Osaka-shi, Osaka A 15 storey residential building, completed in September 2007 and master-leased to a single tenant. It is located in a predominately residential area known as Tosabori within central Osaka and comprises 18 studio, 159 one-bedroom, 24 two-bedroom, 11 three-bedroom and 2 four-bedroom apartments. 39

41 Residential Sekijomachi Jikei Space Sep Mar % 3,154 3,253 10,755 1 Residential building Fukuoka 21 Sekijomachi, Hakata-ku Fukuoka-shi, Fukuoka Sekijomachi is a seven storey building comprising 302 onebedroom apartments designed for student accommodation. It is located in Fukuoka, the largest city in Kyushu (the southern most main island of Japan) with a population of 1.5 million (Japan s 7th largest city) 1 Cancellable only when the lessor agrees and lessee forfeits the tenant deposit. 40

42 Residential G-Clef Kamata Residential building Jan Jan % 1,690 1,001 3,310 Ota ward , Nishi-kamata Ota-ku, Tokyo Approximately 15 kilometres south of Tokyo station and 730 metres (a ten minute walk) from Kamata station on JR Keihin Tohoku line. Kobe Steel Fixed non-cancellable 1 1 Received cancellation notice. The lease will terminate in September G-Clef Kamata, in the Kamata area south of central Tokyo, comprises 84 one-room residential units (small studio type rooms of approximately 24 square metres). Kamata, between Tokyo and Kawasaki, is part of a major industrial centre where there are many apartment complexes for industrial workers. 41

43 Residential Prime Stay Tsukiji Multi-tenant residential building 1 1 Jan Jun % ,225 Chuo ward , Tsukiji Chuo-ku, Tokyo Approximately 190 metres (a three minute walk) from Tsukiji station on the Hibiya subway line. ¹ This is a condominium property. The 1,225 sqm of NRA represents of the Trust's interest in level 3F to 11F. The Trust holds ownership equivalent to sqm of the land. Prime Stay Tsukiji is an 11-storey multi-tenant residential property. It is located in a quiet street, adjacent to the Tsukiji Honganji Temple. Sohgoh Real Estate 42

44 Residential Nishi Kasai Jan Nov % ,490 Residential building Edogawa ward , Nishi Kasai Edogaw-ku, Tokyo Approximately 930 metres (a 12 minute walk) from Nishi Kasai station on the Tozai subway line. Arealink Nishi Kasai is a five-storey residential building. It comprises 65 one-room apartment units. Nishi Kasai is mainly a residential and light industrial area, located less than eight kilometres east of Tokyo station. 43