Make The World
More Sustainable[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

IssuerIchigo Office REIT Investment Corporation (“Ichigo Office,” 8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/english

June 6, 2019

Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Hiroto Tajitsu, Head of Administration
Tel: +81-3-3502-4891

Ichigo Office Portfolio Occupancy (Flash Data) – May 2019
April 2019
(Final: A)
Total
OfficeOtherCentral Tokyo
Tokyo
Metropolitan
By Area Area
Four Major
Regional Cities
Other RegionalCities
No. of Assets
No. of Tenants
Leasable Area
Leased Area
By Asset
TypeMay 2019
(Flash: B)

Difference(B) - (A)

99.3%
99.3%
100%
99.8%

99.3%
99.3%
100%
99.8%

––––

99.9%

99.5%

-0.4%

98.9%

98.9%

–

97.5%

97.8%

+0.3%

85921
264,762.27m2
263,008.25m2

85934266,400m2
264,600m2–+13

Notes:
1. The above figures are month-end and have not been audited.
2. Leasable Area is the total area of properties available for leasing. It is subject tominor adjustments due to renovations or variations in rental contract terms.
3. Central Tokyo refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. Tokyo Metropolitan Area refers to Tokyo (excluding the six wards above),
Kanagawa, Chiba, and Saitama Prefectures. Four Major Regional Cities refers toOsaka, Nagoya, Fukuoka, and Sapporo.

1Explanation of Changes
Occupancy decreased for Tokyo Metropolitan Area due to a departing tenant at theIchigo Ikejiri Building, but increased for Other Regional Cities due to a new tenant atthe Ichigo Kumamoto Building. Despite the sale of the Ichigo Fiesta Shibuya Buildingon May 30, 2019, total leasable area increased as a result of acquiring the Ichigo Hakata
East Building on May 31, 2019. For more details on these transactions, please see theMay 29, 2019 release “Acquisition of Office Asset (Ichigo Hakata East Building) andSale of Retail Asset (Ichigo Fiesta Shibuya Building).”
Value-Add Actions
As part of its value-add capex strategy, Ichigo Office has completed its eighth Ichigo
Layout Office at the Ichigo Uchikanda Building. Ichigo Layout Office is a service thatdifferentiates Ichigo buildings from those of its competitors by providing fully-fitted
offices to accelerate tenant move-ins and reduce tenant costs.
The Ichigo Uchikanda Building is located in central Tokyo in Kanda, an area popularamong startups that is adjacent to the Otemachi and Marunouchi central business district.
The new Ichigo Layout Office is a high-quality office space that has been designed tofacilitate open innovation and communication, and features a conference room and work
space with mobile furniture that allows tenants to flexibly change layouts. After a recent
private viewing event, Ichigo Office received interest from a large number of brokers andtenants. Given the significant demand, it is currently leasing the space via an open bidprocess.
Ichigo Office will continue to carry out value-add capex tailored to tenant needs and drive
higher earnings for shareholders.
Ichigo Uchikanda Building – Ichigo Layout Office

9th Floor Office (140m2)

Discussion Space

10th Floor Office (120m2)

Conference Room with Flexible Layout2