June 27, 2024
FOR IMMEDIATE RELEASETokyo Tatemono Co., Ltd.

The First Participation in Overseas Logistics Facility
Development Projects: Implementation of Two Projects in
Strategic Locations
Established a subsidiary in Thailand: Tokyo Tatemono (Thailand) Ltd.
Tokyo Tatemono Co., Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director, President & Chief
Executive Officer: Hitoshi Nomura; hereinafter “Tokyo Tatemono”) hereby announces that it hasestablished a subsidiary in Thailand, namely “Tokyo Tatemono (Thailand) Ltd.” (hereinafter, “TokyoTatemono Thailand”)*1 and will participate in new logistics facility development projects in Thailand
through this company.
Moving forward, Tokyo Tatemono Thailand, in cooperation with SCX Corporation Company Limited (HeadOffice: Bangkok, Thailand; hereinafter, “SCX”),subsidiaries of the market-leading Thai real-estatedeveloper SC Asset Corporation Public Company Limited(Head Office: Bangkok, Thailand; hereinafter,“SC”), will implement two logistics facility development projects provisionally named the Metrocat Project
and the Laem Chabang Project (hereinafter, the “Projects”). The Projects are Tokyo Tatemono's firstoverseas logistics development projects.
*1

Commencement of operations on April 1, 2024Project location map[Points of this news release]
・ Tokyo Tatemono Thailand was established in order to further expand business opportunities
and the scale of business in Thailand.
・ Tokyo Tatemono participated in its first two overseas logistics facility development
projects in Thailand.

In order to capitalize on business opportunities in the fast-growing Southeast Asia region, Tokyo Tatemono
established Tokyo Tatemono Asia Pte. Ltd. (Head Office: Singapore; hereinafter, “Tokyo Tatemono Asia”)
in 2014 and has been engaged in condominium development and office development businesses inThailand since 2018. Recently, through Tokyo Tatemono Thailand, a joint business agreement has beensigned with SCX, in relation to the Projects. Tokyo Tatemono will implement the Projects by making themost of the logistics facility development know-how it has accumulated in Japan, and that SC and SCX
have in Thailand, Tokyo Tatemono will continue to scale and seek further business expansion
opportunities within the Logistics sector and beyond.

● Background
Thailand is the second-largest country in ASEAN in terms of GDP after Indonesia, and it is expected toexperience robust demand for real estate over the medium to long term due to stable economic growthbacked by the development of transportation infrastructure and a recovery in tourism. Thailand's ecommerce market is also the second largest among ASEAN countries after Indonesia, and is projected toquadruple from 2021 to 2026. In addition, Thailand's geographic location at the center of ASEAN'stransnational transportation network (economic corridors) and the concentration of manufacturingindustries present the potential for growth in the logistics market.

● Overview of new company
NameTokyo Tatemono (Thailand) Ltd.

Location

548 One City Center, 37th floor, Ploenchit Road Lumpini, Pathumwan,Bangkok 10330, Thailand

Representative

Noriaki Handa, Managing Director

Date of establishment

February 16, 2024

Date of business
commencement

April 1, 2024

Business

Investment in real estate development business in Thailand, etc.

● Projects characteristics
1. Metrocat Project (tentative name)
The property is strategically located on the main Bangna-trad Road, a leading logistics hub close to
Suvarnabhumi International Airport, close to Bangkok CBD. With easy access to the Bang Na Expressway,which connects to Bangkok CBD, it is an area with strong demand for storage warehouses and distribution
centers for e-commerce and consumer goods. The property is planned to have a total of five warehousebuildings and 15 lots, including a multi-tenant logistics facility and a BTS*2 warehouse to meet the demandof tenant companies.
*2Abbreviation for build to suit, a logistics facility developed to meet the needs of a specific customer.

Location

Samut Prakan Province, Thailand, approximately 30 km from Bangkok CBD

Site areaApprox. 147,073 m2Total floor area

5 buildings, total of approx. 78,252 m2

Structure and scale

Steel-framed single-story building

Building use

Warehouse (5 buildings, 15 lots in total)

Completion datePhase 1 (Buildings A and B) opening January 2025

(planned)

Phase 2 (Building C) opening April 2025
Phase 3 (Building D) opening December 2025
Phase 4 (Building E) opening February 2026

Project site

Building layout plan

2. Laem Chabang Project (tentative name)
The property is situated close to the Laem Chabang Deep Sea Port, the largest international trading port
in Thailand, and is within the Eastern Economic Corridor (hereinafter, “EEC”), a special economic zone
being promoted by the Thai government. With the Thai government's policy to promote the EV industry,
there is an increasing number of new automobile-related factories entering industrial parks within theEEC, and there is growing demand for logistics facilities to store bonded warehouses and related parts forexport purposes. The property is planned to have a total of three warehouses with a total of 10 lots.
Location

Approximately 10 km from Laem Chabang Port, an international trading
port in Chonburi Province, Thailand

Site area

Approx. 81,329 m2Total floor area

3 buildings totaling approx. 46,602 m2

Structure and scale

Steel-framed single-story building

Building use

Warehouse (3 buildings, 10 lots in total)

Completion date (planned)

Phase 1 (Building A) opening February 2025
Phase 2 (Building B) opening May 2025
Phase 3 (Building C) opening January 2026

Project site

Building layout plan

● About the partner companies
SCX is a subsidiary of SC,a partner company with which Tokyo Tatemono is jointly conducting a
condominium development business in Bangkok, Thailand. As strategic business partners, bothcompanies have agreed to continue discussions to jointly conduct new projects.
SC, a leader in high-quality and innovative real estate development, operating under the brand philosophy"For Good Mornings," SC focuses on developing high-quality residential properties, including single-family
homes, townhouses, and condominiums. In addition, SC engages in recurring income businesses such as
warehouses, hotels, and office buildings. SC's dedication to excellence is reflected in their meticulous
attention to detail, commitment to sustainable development, and customer-centric approach. Thesevalues have made SC a trusted brand among homebuyers and investors, establishing it as one of the mostrecognized names in the Thai real estate market.
SCCompany nameSC Asset Corporation Public Company Limited

Head office1010 Viphavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District,location

Bangkok, Thailand

Established

1995

Business

Residential development (condominiums, detached houses, townhouses)

Representative

Nuttaphong Kunakornwong, CEOSCXCompany name

SCX Corporation Company Limited

Head office1010 Viphavadi Rangsit Road, Chatuchak Sub-district, Chatuchak District,location

Bangkok, ThailandEstablished

2019

Business

Development, operation, and management of commercial real estate, including
logistics facilities, hotels and offices

Representative

Rachod Nantakwang, Managing Director

● Projects in Thailand[Condominiums]① The ESTELLE Phrom Phong (Sukhumvit 26 Project): 157 units, completed in February 2022
② Tait Sathorn 12 (Sathorn Project): 238 units, completed June 2023
③ Atmoz Oasis Onnut (Onnut Project): 1,110 units, completed December 2023
④ Reference Sathorn Wongwianyai (Reference Project): 818 units, scheduled for completion inOctober 2024
⑤ Kave Coco Bangsaen (Kave Coco PJ): 974 units, scheduled for completion in February 2025
[Office Building]⑥ Quant Sukhumvit 25 (Sukhumvit 25 Project): Leased floor area: approx. 7,280 ㎡, completed inAugust 2023

④ Reference Sathorn Wongwianyai(Joint Venture with SC Asset)⑥Quant Sukhumvit 25