The Ninth Management Plan

Positioning of the Ninth Medium-Term Management Plan

Ninth Medium-Term Management Plan is the first step
toward achieving ¥300 billion in ordinary profit for fiscal 2030
Achieve sustainable profit growth by focusing on further expansion of leasing assets
High social contribution of our business itself
Increasing investment capacity and flexibility
in capital strategy
1st - 3rd Plan
( '98 - '07 )Ordinary Profit
350(Billion yen)

300

Resilient management foundationand sustainable growth

4th - 8th Plan
( '08 - '22 )9th - 11th Plan
( '23 - '31 )• Restore asset base damaged by • Double our leasing assets
the bursting of Japan’s bubble• Strengthen the foundation of each segment
economy• Enhance shareholders’ equity; lifting the credit• Reduce interest-bearing debt
rating to the AA zone

Ordinary Profit¥300 billion

Gross floor area
(Thousand
3,500
tsubo*)* 1 tsubo≈3.3㎡

3,000

250

2,500

Gross floor area
(Owned)

200

2,000

More than+700(right scale)

150

Thousand tsubo

100Ordinary
Profit

50
0

'97

'99

'01

'03

(Years ended/ending March 31)

'05

'07

'09

'11

'13

'15

'17

'19

'21

1,500
1,000
500

'23 (F)'31 (F)

0

Sumitomo Realty & Development Co., Ltd. (1)The Ninth Management PlanThree-year Cumulative Earnings Targets

Consecutive record profit for the period covered
Achieve cumulative ordinary profit of ¥750 billion and profit of ¥500 billion over thethree-year period

Aim to achieve record profits for the fourth consecutive plan since the Sixth Management Plan by
maintaining the pace of growth attained through the Eighth Management PlanThree-year cumulative earnings targets
3 trillion (Vs. 8th Plan

+ ¥ 130 billion,+ 5 %)“+¥

83 billion,+ 12 % )(“+¥94 billion,+ 14 % )(“+¥67 billion,+ 16 % )Revenue from Operations¥

Operating Income¥

770 billion(

Ordinary Profit¥

750 billion

Profit¥

500 billion(Billion yen)

6th Plan(Three-year
cumulative totals)

2014-2016

7th Plan
2017-2019

8th Plan
2020-2022

9th Plan2023-2025,

Revenue from Operations

2,442

2,886

2,870

3,000

Operating Income

501

613

687

770

Ordinary Profit

418

558

656

750

Profit

238

353

433

500

(Years ended/ending March 31)

Sumitomo Realty & Development Co., Ltd. (2)The Ninth Management Plan

Performance Targets and Strategies by Segment
Maintain the position of office building leasing in Tokyo as a solid foundation, and aim
to utilize the comprehensive strengths of the Group as a whole to achieve the targets(Billion yen)

Performance Targets
by Segment(Three-year cumulative totals)

6th Plan
2014-2016

7th Plan
2017-2019

8th Plan

9th Plan2023-2025

2020-2022

886
773
589
177

1,073
957
635
208

1,219
822
612
210

1,300
750
700
250

2,442

2,886

2,870

3,000

Brokerage

314
127
47
41

416
140
50
47

487
151
55
44

520
150
75
68

Operating Income

501

613

687

770

Ordinary Profit

418

558

656

750

Profit

238

353

433

500

Leasing
Sales
Construction
Brokerage
Revenue from Operations
Leasing
Sales
Construction(Years ended/ending March 31)

Sumitomo Realty & Development Co., Ltd. (3)The Ninth Management Plan

Performance Targets and Strategies by Segment
Aim to maintain the earnings foundation built through the Eighth Management Plan, andachieve profit growth for the fourth consecutive plan period

Leasing• In office building leasing, strive to maintain the profitability of existing buildings, while also securing
earnings with the full-year contribution of buildings completed in the 8th Plan (180,000 tsubo GFA) andby starting operation of new buildings to be completed in the 9th Plan (190,000 tsubo GFA) *1 tsubo≈3.3㎡• In the operation of commercial facilities (hotels, event halls, retail facilities, etc.), recover the profitability
to pre-COVID-19 levels and anticipate a return to growth from the 10th Plan onward

High level of profit of the Eighth Management Plan to be maintained

Sales

Construction

Brokerage• Maintain our policy of controlling the pace of sales, pursuing profit rather than volume• Rising construction costs will need to be addressed, but the impact will be limited as construction has
been started on all projects to be delivered during the 9th Plan
• Maintain our policy of securing prime sites steadily amid continuing intensified competition for landacquisition

In both remodeling (Shinchiku Sokkurisan) and custom home construction, focus oncontrolling costs while enhancing quality, and aim to achieve consecutive record profits by
expanding orders• Expand orders by proposing products that accurately respond to customer needs, such as a high levelof environmental performance and disaster preparedness• Appropriately address spikes in prices of wood and materials, and minimize the impact

Further strengthen profitability as we aim to achieve record profit in a management planwith a significant increase• Strengthen Group collaboration and further pursue customer-oriented services to expand our market
share
Sumitomo Realty & Development Co., Ltd. (4)The Ninth Management Plan

Capital Investment Plans(Non-current asset investment excluding sales assets, such as condominiums for sale)

Further investment in leasing office assets in central Tokyo, strengthening our earnings base
Expect to invest ¥1 trillion over the three years of the Ninth Management Plan
(1) Invest ¥700 billion in concrete development projects for over 700 thousand tsubo* of gross floor area, mainly comprisingredevelopment projects * 1 tsubo ≈ 3.3㎡(2) Ensure that we take advantage of opportunities that arise by securing ¥300 billion for investments in new projects(Thousand tsubo)< Development Pace of Gross Floor Area for Leasing >3,000

More than+700

Pace of development (Thousand tsubo)
2,500

2,000

Gross
floor
area

6th Plan

7th Plan

8th Plan

9th Plan

10th Plan
onward

110

210

180

190

520

thousand tsubo

1,700

thousandsof tsubo+190

thousandsof tsubo

1,500

1,000

500

0

2001
1st Plan2004
2nd Plan(Years ended/ending March 31)

2007
3rd Plan2010
4th Plan2013
5th Plan2016
6th Plan2019
7th Plan2022
8th Plan2025
9th Plan

202810th Plan-

Sumitomo Realty & Development Co., Ltd. (5)The Ninth Management Plan

Financing Plans

Expect to be able to cover the additional investment of ¥700 billion in properties in process withincreases in cash flows from the leasing business*¹*1: Cash flows from the leasing business: Operating Income from the Leasing Business + Depreciation and Amortization
Interest-bearing debt
(Billion yen)

< Interest-bearing Debt and Gross Floor Area for Leasing >

5,000

4,000

6th Plan

7th Plan

8th Plan

9th PlanCapital investment

(422)

(664)

(805)

(1,000)Cash flows from theleasing business

410

535

644

700

Interest-bearing
debt

3,159

3,343

3,560

3,800

*2: 1 tsubo ≈ 3.3 ㎡
Gloss floor area
(Thousand tsubo*²)

2,000

Gross floor areafor leasing
1,500

3,000
1,000
2,000

500
1,000

Interest-bearing debt
02001
1st Plan2004
2nd Plan(Years ended/ending March 31)

2007
3rd Plan2010
4th Plan2013
5th Plan2016
6th Plan2019
7th Plan2022
8th Plan2025 (F)9th Plan0

Sumitomo Realty & Development Co., Ltd. (6)The Ninth Management Plan

Financing Plans< Target Properties >Introduction of green financing
Procure total long-term funding of ¥1 trillion
 Procure ¥1 trillion in funds from green financing for 12
buildings, out of 27 buildings owned by the Company thathave already acquired a rating of 3 stars or above in DBJ
Green Building Certification* (As of March 31, 2022)
 Principles for target properties during financing period• Disclose environmental performance information including CO2
emissions and energy consumption• Maintain at least 3 stars in the DBJ Green Building Certification• Prohibit selling, as this financing is to contribute to social issues
such environmental improvements

 Obtain assessment of conformity with green finance from
JCR and R&I

Property name*Thousand tsubo,1 tsubo ≈ 3.3㎡

Rank

Gross
floor
area*

Shinjuku Grand Tower

★★★★★

54

Osaki Garden Tower

★★★★★

54

Shinjuku Garden Tower
Tokyo Nihombashi Tower
Azabujuban Building
Roppongi Grand Tower
Shinjuku Oak Tower
Shinjuku Central Park Building
Shiodome Sumitomo Building
Iidabashi First Tower
Shibakoen First Building
Shinjuku Central Park Tower
12 properties TOTAL

★★★★★
★★★★★
★★★★★
★★★★
★★★★
★★★★
★★★★
★★★★
★★★★
★★★★

43
41
14
64
49
46
30
24
19
18
458

Properties that haveacquired ★5 stars*DBJ Green Building Certification is acertification system established by
the Development Bank of Japan toevaluate real estate for its
performance and initiatives regarding“environmental and social
awareness” beyond its “profitability.”

Shinjuku Grand Tower

Osaki Garden Tower

Shinjuku Garden Tower

Tokyo Nihombashi Tower

Azabujuban Building

Sumitomo Realty & Development Co., Ltd. (7)The Ninth Management Plan

Policy for Shareholder Returns

Continue “Sustainable Dividend Increase” and “Annual Dividend Increase of 5 yen”
in line with profit growth
Cash flow allocation policy of prioritizing investment in leasing office assets, to be maintained< Cash Dividend per Share and Profit >(Billion yen)

200

Profit

(Yen)

60

50

Profit reaching
Record Highs

Cash dividend per share (right scale)
150

100

50

6
0

'03

10

9

'04

'05

'06

14

18

'07

21 22

20

24

27

30

35

40

45

45

30

15

'08

'09

'10

'11

'12

'13

'14

'15

'16

'17

'18

'19

'20

'21

'22 23(F)0(Years ended/ending March 31)

Sumitomo Realty & Development Co., Ltd. (8)The Ninth Management Plan

Introduction of Numerical Target for Strategic Shareholdings

Reduce the ratio of the book value of shares held to 10% or less of shareholders’ equity*
by fiscal 2030
 Established a numerical target for the amount of strategic shareholdings held, and certain rules

 As of the end of the fiscal 2021, the book value of listed shares held was ¥271.9 billion, accounting for
approximately 18% of shareholders’ equity of ¥1,479.2 billion. Going forward, we will reduce this ratio
each year to 10% or less by fiscal 2030.
*Shareholders’ equity = net assets - net unrealized holding gains on securities, etc.
< Book Value of Listed Shares and Shareholders’ Equity >(Billion yen)

40%

1,600
Book value of listed shares

1,400

35%

Shareholders' equity
Ratio

1,200

30%

23%

1,000

23%

25%
20%

800

18%

600

15%
10%

400

10%
or less

200
0

'14

'15

6th Plan'16(Years ended/ending March 31)

'17

'18

7th Plan

'19

'20

'21

8th Plan'22'31(F)

5%0%

Sumitomo Realty & Development Co., Ltd. (9)The Ninth Management Plan

Establishment of CO2 Emissions Reduction Targets

50% reduction by fiscal 2030 compared with fiscal 2014, immediately prior to theParis Agreement
 Expressed support for 2050 carbon neutrality

 Reduce total CO2 emission by 50% compared with fiscal 2014 (5,940 thousand tons)• Aim to achieve the target by linking decarbonization initiatives with business expansion

Measures to reduce CO2 emission
1. Promote energy-saving in leasing business centered on office buildings and facility
management businesses• Further pursue the introduction of highly efficient facilities for new constructions and renovations⇒ reduce the Company’s CO2 emissions from energy consumption, etc., by 50% (per unit of floor area)• Continue awareness-raising activities for energy-saving towards our tenants
2.

Promote measures to reduce emissions in both upstream and downstream parts of main
businesses
•
•
•
•
•
•

3.

Support tenant companies to introduce green power for their office spaces in a building
Curb energy consumption during construction
Enhance high-performance designs (ZEH*-M Oriented as the standard specification for
condominiums) * ZEH = Net Zero Energy House
Promote provision of the new solar power generation service, “SUMIFU × ENEKARI,” which willcontribute to decarbonization for detached houses
Promote the provision of Shinchiku Sokkurisan high thermal remodeling products
Promote spread of automobile charging stations
Aim to reduce total emissions by 10% in the Ninth Management Plan
Sumitomo Realty & Development Co., Ltd. (10)The Ninth Management Plan

Establishment of CO2 Emissions Reduction Targets
Aim to reduce total emissions by 10% in the Ninth Management Plan Reductions in the condominium business, which accounts for approximately 60% of total emissions, willcontribute from the 10th Management Plan onward, when the construction of properties with new design
standards will be completed
 Aim to reduce emissions by 25% except for condominiums
FY 2014

9th Plan
Reduction
Prop（Thousand t-CO2） Emissions
Targetortion

3,605

61%

1,591

27%

OfficeBuildings

689

12%

Others55

1%

Noncondominium

2,336

39%

(25)%

TOTAL

5,940 100%(10)%

Condominiums

Custom Homes,
Shinchiku –Sokkurisan
Remodeling―

Main numerical targets in each business
Enhance business and product appeal andpursue decarbonization while expanding operations
100% of condominiums to be ZEH-M Oriented designs
Standardization of high-level energy-saving plan; Completion of the target properties(which contributes to reductions) will be in the 10th Plan onward
60% of custom home orders to be ZEH homes (already standardized)
Thermal insulation and energy-saving performance that exceeds the latest ZEH
standards + New solar power generation service “SUMIFU×ENEKARI”
20% of Shinchiku Sokkurisan remodeling orders to be high thermal insulation
remodeling products (already introduced)
Advanced energy-saving renovation to fix the poor thermal insulation of existinghouses30% of tenant office spaces to introduce green power
Green Power Plan options that can be chosen by each tenant company
All of electric power used by the Group’s own offices to be green
Obtain environmental value generated by solar power through “SUMIFU×ENEKARI”

Sumitomo Realty & Development Co., Ltd. (11)

Initiatives to Reduce CO2 Emissions

Promoting Decarbonization in Building Development and Operation

OfficeBuilding

Continue promoting high-level energy-saving
as a S-class business for 5 consecutive years“Energy-saving” is a key principle of decarbonization for a developer➡ Stepping up activity to help meet targets(1) Develop properties thathave high environmental
performance(2) Run awareness raising
activities during
operation(3) Improve environmental
performance throughrenovation

These initiatives above resulted in high third-party environmental recognitions
Certified as S-class business* (top rank for energy-saving) for 5 consecutive years*S-class business: Certified as having reduced the 5-year average for unit energy consumption by 1% or more annually Our energy-saving track record (Fiscal 2020)

Per-unit greenhouse gas emissions
Per-unit energy consumption

YoY
YoY
Vs. 2009

Down 12%
Down 9%Down 37%

DBJ Green Building Certification acquired for the largest gross floor area in the industry (Office
Building category) 26 Office Buildings with approximately 770,000 tsubo, accounting for 53% of thetotal floor area of properties owned by the Company（Based on gross floor area, as of March 31, 2022, researched by the Company, 1 tsubo ≈ 3.3㎡)

 The constant “environmental and social awareness” of our properties was highly
recognized
Sumitomo Realty & Development Co., Ltd. (12)Initiatives to Reduce CO2 Emissions

Decarbonization Support for Tenants (Options that can be chosen by eachtenant company)

OfficeBuilding

Newly developed methods for introducing green power to the tenant areas
and began offering a set of plans
Supporting decarbonization efforts of tenant companies by accommodating the diverse needs of each company
Plan 1 Non-fossil fuel energy certificate

POINT : Achieve decarbonization
with no hassle
Tenantcompany

Standard existing power station

Non-fossil fuel energy certificate
Treated as green power usage

Plan 2 Raw green power*¹ from newly-built
power station

Our office building

POINT : Directly contributing toJapan's decarbonization

Tenantcompany

Newly-built power stationaccording to the contract

Raw green power
Use actual green power*However, this uses the standard power grid.

Our office building

Raw green power with “additionality”*²

Plan 3 Green power from a tenant-owned
power station

POINT : Use self-generated power

Tenantcompany

Tenant-owned power station

Non-fossil fuel energy certificate
Treated as green power usage

Our office building*1: Raw green power refers togreen electricity considered as
being directly supplied from thepower plant via general-use power
grids; the generation andconsumption of fresh green
electricity are matched in 30minute units.
*2: Green electricity withadditionality refers to green
electricity obtained by developing
new renewable power sources
such as new solar power plants,
and therefore directly contributing
to raising Japan’s total renewable
power generation capacity. In
recent years, additionality has
been considered a requirement for
high-value renewable electricity
and used by environmentallyadvanced companies in Europe
and the US as a standard forselecting green electricity.
Notes:
1. There are some limitations tocompanies that can introduce theplans.
2. We plan to continue developing
new methods in response to
demand.

Sumitomo Realty & Development Co., Ltd. (13)Initiatives to Reduce CO2 Emissions

Promoting Decarbonization in Condominiums

Condominiums

Adopting ZEH-M Oriented standards for all properties to be designed anddeveloped from October 2021
 As a leading brand in new condominiums, we decided to offer high-level energy-saving
performance*1 as a standard specification in all of our properties*2 to be designed and developed
going forward*1. Design standards that meet the energy-saving performance standards for new houses that the Ministry of Land, Infrastructure,
Transport and Tourism aims to achieve by 2030
*2. Except for joint venture properties, etc.

 We will promote and request our partner construction companies to use green power for electricity
used at condominium construction sites

As a leading brand in new condominiums, we will promote decarbonization in thevalue chain of our condominium business, from upstream to downstream＜ZEH-M Oriented Energy-saving Standards＞

Annual energy consumption of the entire residential building to be
reduced by 20% or more compared with current energy-saving standards【Example of materials and facilities adopted】
Reducing energy consumption
Using energy without waste[ Improving thermal insulation performance ] [ Introducing energy-saving equipment ]High Thermal
Insulation
Structure

Low-E Glass

Vacuum Glass

LED Lighting

Gas Hot Water
Floor Heating

High-efficiency
Ventilation

Sumitomo Realty & Development Co., Ltd. (14)

Initiatives to Reduce CO2 Emissions
CustomHomes

Promoting Decarbonization in Custom Homes

Launched the Home Solar Power Generation Service to address customer
concerns and promote the spread of solar power
 Launched “SUMIFU × ENEKARI,” a new service that addresses the bottlenecks tosolar power installation, such as initial costs and maintenance concerns, in the custom
homes business
SUMIFU × ENEKARI
Solar power generation equipment and storage
battery installation service for new houses
Simply pay a fixed monthly service fee and...
Incur no initial costs for installing solar power generationequipment and storage batteries
Receive support for equipment repairs and upgrades for theentire period of residency
An industry-first service of offering the benefits of solar
power generation services with peace of mind

 Concluded a Decarbonization Lead Project Agreement with TEPCO Energy Partner Inc.
to jointly plan and implement projects that contribute to decarbonization in line witheach business, including the SUMIFU × ENEKARI project
Sumitomo Realty & Development Co., Ltd. (15)

Initiatives to Reduce CO2 Emissions

Promoting Decarbonization in Custom Homes

CustomHomes

Started providing “Performance exceeding the latest ZEH standards + New
solar power generation service” as standard Thermal insulation and energy-saving performancethat exceeds the latest ZEH standards, establishedby the Ministry of Land, Infrastructure, Transport
and Tourism in April 2022
 A new service “SUMIFU × ENEKARI” that
addresses the bottlenecks to solar power installation
High thermal insulation and energy-saving performancethat exceeds the latest ZEH standards* The figures are based on our model plan (approximately 16.2 ㎡), in which the
opening area is reduced to curtail heat loss. The figures are not guaranteed.

Launched “Sumitomo-Fudosan-noSUMICA”, combining the two andrealizing ZEH as standard
Solar power generation
SUMIFU × ENEKARI

Sumitomo Realty & Development Co., Ltd. (16)

Initiatives to Reduce CO2 Emissions

Promoting Decarbonization in Existing Houses

Shinchiku
Sokkurisan

Launched “High Thermal Insulation Remodeling Plan" that achieves aperformance meeting the energy-saving standards for newly-built houses
 High thermal insulation remodeling plan will enable existing houses with low thermal
insulation performance to achieve a thermal insulation performance equivalent to theenergy-saving standards* for newly-built houses * Compliant with the 2016 energy conservation standards
Thermal insulation performanceof housing stock(about 50 million units)
Current
standards
11%
Not meeting the1980 standards(no thermal
insulation, etc.)30%

1992 standards
22%1980 standards
37%

About 90% of housing stock falls under old energysaving performance. To decarbonize the household
sector, it is essential to promote thermal insulation
retrofitting of existing houses.
High Thermal Insulation Remodeling Plan
Enabling retrofitting only where it is necessary
from a single room to the entire house
Reducing the heating and cooling load by recovering
about 50 to 80% of the heat energy• Insulating the rooms on six sides (the floors, walls and the ceilings)• Replacing the sashes and installing internal windows• Installing “ductless total heat exchange ventilation system

Contribute to the longevity of houses and decarbonization by promoting houses withhigh thermal insulation that ensure energy-saving, healthy and comfortable living

Sumitomo Realty & Development Co., Ltd. (17)

Initiatives to Reduce CO2 Emissions
Shinchiku
Sokkurisan

Promoting Decarbonization in Existing Houses

Started providing "Seismic reinforcement technology" and "New solar power
generation service" for peace of mind in renovation of existing detached house Promoting spread of solar power generation in addition to energy saving with high thermal
insulation, and contributing to achieving Japan’s decarbonization target (66% reduction inhousehold sector) through renovation of existing houses.
Shinchiku Sokkurisan × New solar power generation service

Shinchiku Sokkurisan<Image of solar power generation
system installed>

SUMIFU × ENEKARI

Seismic reinforcement construction for peaceof mind

Continuous peace of mind, zero initial cost
Solar power generation equipment
subscription service

Seismic reinforcement construction allows solar
panels over 350kg to be mounted on the roof safely
Dedicated construction supervisors ensure quality
The industry’s No.1 share with a cumulative total
number of units contracted exceeding 150,000 units

24/7 support for equipment repairs andupgrades for the entire period of residency
Zero initial cost and virtually zero running costs
Delivers peace of mind, as electricity will beavailable even during power outages

Sumitomo Realty & Development Co., Ltd. (18)Principal New Development Projects

Principal New Office Building Projects*

Project Name

Location(Tokyo)1 tsubo ≈ 3.3㎡

Gross Floor
Area (Tsubo*)

Completion(Expected)

Tokyo Mita Redevelopment Project(Mita 3- and 4-chome Project)

Minato Ward

60,400Feb 2023

Nishi-shinjuku 5-chome Kita Project

Shinjuku Ward

41,300Mar 2023

Taito Ward

3,000

Jan 2024

Sumitomo Fudosan Shinjuku Minamiguchi Building(Shinjuku Minamiguchi Project)

Shibuya Ward

7,200

Feb 2024

Nakano 2-chome Project

Nakano Ward

30,000Feb 2024

Roppongi Ekimae Project

Minato Ward

9,700

Oct 2024

Shinagawa Ward8,800

Oct 2024

Sumitomo Fudosan Akihabara East Building

Sumitomo Fudosan Osaki Twin Building West
Others

9th Plan Total

33,900

194,300

Sumitomo Realty & Development Co., Ltd. (19)Principal New Development Projects

Principal New Office Building Projects

Tokyo Mita Redevelopment Project(Mita 3- and 4-chome Project)
Location
Completion

Minato Ward,Tokyo

Gross Floor
Area

60,400 tsubo

Feb 2023(Expected)

No. of Floor

42 above ground/
4 below ground*

1 tsubo ≈ 3.3㎡

Nishi-shinjuku 5-chome Kita Project
Location

Completion

Shinjuku Ward,
Gross
Tokyo
Floor Area
Mar 2023(Expected)

No. ofFloor

41,300 tsubo
Office:35 above ground/2 below ground
Residence:35 above ground/2 below ground

Sumitomo Realty & Development Co., Ltd. (20)Principal New Development Projects

Principal New Office Building Projects

Sumitomo Fudosan Shinjuku Minamiguchi
Building (Shinjuku Minamiguchi Project)*

1 tsubo ≈ 3.3㎡

Nakano 2-chome Project

Location

Shibuya Ward,Tokyo

Gross Floor
Area

7,200 tsubo

Location

Completion

Feb 2024(Expected)

No. of Floor

18 above ground/
1 below ground

Completion

Nakano Ward,Tokyo

Gross Floor
Area

30,000 tsubo

Feb 2024
37 above ground/
No. of Floor
2 below ground(Expected)
Sumitomo Realty & Development Co., Ltd. (21)Principal New Development Projects

Principal New Office Building Projects

Roppongi Ekimae Project*

1 tsubo ≈ 3.3㎡

Sumitomo Fudosan Osaki Twin Building West

Location

Minato Ward,Tokyo

Gross Floor
Area

CompletionOct 2024(Expected)

No. of Floor 22 above ground

9,700 tsubo

Location
Completion

Shinagawa Ward,Tokyo

Gross Floor
Area

8,800 tsubo

Oct 2024
14 above ground/
No. of Floor
1 below ground(Expected)
Sumitomo Realty & Development Co., Ltd. (22)Principal New Development Projects

Principal Condominium Projects (Scheduled Delivery in FY2022)*

Units = No. ofunits for sale

Grand Hills Minami Aoyama

City House Koganei Koen

City Terrace Yachiyo
Midorigaoka Breeze Court

Minato Ward, Tokyo

Kodaira, Tokyo

Yachiyo

100 units

740 units

210 units

18 above ground / 2 below ground

9 above ground

15 above ground

City Tower Osaka Honmachi

Umeda Garden Residence

City Terrace Kamisugi

Osaka

Osaka

Sendai855 units

584 units

336 units

48 above ground / 1 below ground

56 above ground / 1 below ground(9th ～ 39th floors）

13 above ground / 1 below ground

Sumitomo Realty & Development Co., Ltd. (23)Principal New Development Projects= No. ofPrincipal Condominium Projects (Scheduled Delivery from FY2023) Units
units for sale*

City Terrace Nakano

City Terrace Sumiyoshi

City Terrace Akabane THE EAST

Nakano Ward, Tokyo

Koto Ward, Tokyo

Kita Ward, Tokyo

119 units

149 units

300 units

6 above ground

14 above ground

15 above ground

City House Yokohama

City Terrace Inagekaigan

Bay City Towers Kobe WEST

Yokohama

Chiba

Kobe

155 units

302 units

346 units

18 above ground

10 above ground27 above ground / 1 below ground

Sumitomo Realty & Development Co., Ltd. (24)