<Provisional translation>
October 25, 2016

For Immediate Release
REIT Issuer
Hankyu REIT, Inc. (Securities Code: 8977)
19-19 Chaya-machi, Kita-ku, Osaka
Yoshiaki Shiraki, Executive Director
Asset Management Company
Hankyu REIT Asset Management, Inc.
Yoshiaki Shiraki, President & Representative Director
Contact:
Hiroshi Yoshida
General Manager, IR and Public Relations Department
Email: hankyureit-ir@hankyu-rt.jp

Notice Concerning Relocation of Tenant (New Lease)
Hankyu REIT, Inc. (hereafter “Hankyu REIT”) announces today that a building lease contract was determined
to conclude with a large tenant (hereafter the “Tenant”) that will occupy 35.2% of the total leasable area (10floors) at Sphere Tower Tennozu (hereafter the “Property”), a trust property in which Hankyu REIT has trust
beneficiary interest (quasi co-ownership 33%) in real estate.
Details
1. Background of Leasing
Hankyu REIT has promoted leasing, taking into account the area of Tennozu and characteristics of thebuilding, and a building lease contract was determined to conclude today with the Tenant that considers
the contents indicated in “2. Content of Leasing” as the principal conditions.

The occupancy rate of the Property will become 87.7% as of December 1, 2016 due to the new lease with
the Tenant and is forecasted to increase by 40.9pt from the occupancy rate as of the end of September
2016 (46.9%).
Note: The above forecast of occupancy rate is calculated by considering the relocation of tenants scheduled to be
conducted by December 1, 2016 that have already been decided as of now (3 leases and 1 termination
including the Tenant).

2. Content of Leasing
Tenant name
Property nameLeased floor space
Ratio of total leasable floor space of property
Ratio of total leasable floor space of Hankyu
REIT’s portfolio
Rent
Security deposit
Date of conclusion of contract (scheduled)
Scheduled commencement date of leaseNot disclosed (Note 1)

Sphere Tower Tennozu
23,099.69m (Note 2)
35.2% (Note 3)
0.63% (Note 4)
Not disclosed (Note 1)
Not disclosed (Note 1)
November 1, 2016
December 1, 2016

(Note 1): Not disclosed as no consent has been obtained from the Tenant.
(Note 2):The area proportional to the quasi co-ownership of trust beneficiary interest of the Property (33%) is indicated.
2(Note 3): Calculated based on 8,818.09 m , the total leasable area of the Property as of December 1, 2016. (forecast)2(Note 4): Calculated based on 488,728.20 m , the total leasable area of Hankyu REIT’s portfolio as of December 1, 2016.
(forecast)1

3. Future Outlook
There is no change to the forecast of operational status for the fiscal period ending November 2016 (23rdfiscal period: June 1, 2016 to November 30, 2016) announced in the “Financial results for the fiscal period
ended May 2016” dated July 15, 2016, since the impact of the conclusion of building lease contract withthe Tenant is expected to be minimal.
••

The Japanese original document was distributed to press clubs within the Tokyo Stock Exchange (Kabuto Club), Osaka
Securities Exchange, and the Ministry of Land, Infrastructure, Transport and Tourism, and to the press club of the construction
trade newspaper of the Ministry of Land, Infrastructure, Transport and Tourism.
Hankyu REIT website: http://www.hankyu-reit.jp/eng/2