March 24, 2020
Company name:
Representative:

ES-CON JAPAN Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)

Notice on Nagoya City Higashi Ward Shirakabe 4-Chome II Joint Project(Tentative Name) with Chuden Real Estate Co., Inc.
ES-CON JAPAN Ltd. (ES-CON JAPAN) announces the Nagoya City Higashi Ward Shirakabe 4-ChomeII Joint Project (tentative name), the second joint project for condominium development following theNagoya City Higashi Ward Shirakabe 4-Chome Joint Project (tentative name) announced in June 2019,will be conducted with Chuden Real Estate Co., Inc. (location: Nagoya City, Aichi Prefecture;
Representative: Yutaka Watanabe, President and Representative Director; hereinafter referred to as“Chuden Real Estate”) in Shirakabe 4-Chome, Higashi Ward, Nagoya City, on the site acquired by ESCON JAPAN as announced on September 30, 2019. Details are as follows.
The project site is accessible from three stations on two lines: Takaoka Station on the Sakura-dori Line,and Shimizu Station and Amagasaka Station on the Meitetsu Seto Line. The surrounding area isdesignated as the "Shirakabe, Chikara, and Shumoku-cho Townscape Preservation Area," which
preserves the historic streetscape that has inherited the bloodline of samurai residences. Together, ESCON JAPAN and Chuden Real Estate will promote a condominium business maximizing that locational
characteristics of Shirakabe 4-Chome which combines convenience and quality of life.
ES-CON JAPAN concluded a capital and business partnership agreement with Chubu Electric Power
Co., Inc. (hereinafter "Chubu Electric") in August 2018, positioning the Chubu region as a priority
business area alongside the Tokyo metropolitan area and the Kansai region, and opened a Nagoya
branch in March 2019. In December 2019, ES-CON JAPAN launched the abovementioned Nagoya City
Higashi Ward Shirakabe 4-Chome Joint Project (tentative name) in Higashi Ward, Nagoya City, as its
first joint project with Chuden Real Estate, a wholly owned subsidiary of Chubu Electric. Utilizing theknow-how of both companies, ES-CON JAPAN will continue to promote the second joint project as wellas promote businesses that satisfy local communities.
The details of the development project will be disclosed on ES-CON JAPAN’s website and in otherplaces once they are finalized.
Overview of Project Site
Nagoya City Higashi Ward Shirakabe 4-Chome II Project (tentative name)Location
AccessSite area

4-51, 4-52, Shirakabe, Higashi-ku, Nagoya-shi, Aichi
Approx. 15-minute walk from Takaoka Station on the Sakura-dori Line
Approx. 10-minute walk from Shimizu Station on the Meitetsu Seto Line.
1,813.78 m2[Reference (attached)] Press release "Notice on Commencement of Nagoya City Higashi Ward
Shirakabe 4-Chome II Joint Project (Tentative Name) by Chuden Real Estate Co., Inc. and ES-CON
JAPAN Ltd.”<Inquiries Concerning this Press Release> Administration Group PR/IR Manager Tel: +81-3-6230-9308

[Reference (attached)]

Notice on Commencement of Nagoya City Higashi Ward Shirakabe
4-Chome Joint Project II (Tentative Name) by Chuden Real EstateCo., Inc. and ES-CON JAPAN Ltd.
March 24, 2020
Chuden Real Estate Co., Inc.
ES-CON JAPAN, Ltd.
Chuden Real Estate Co., Inc. (Chuden Real Estate) and ES-CON JAPAN Ltd. (ES-CON JAPAN) arecurrently advancing a joint project for condominium development at Shirakabe 4-Chome, Higashi
Ward, Nagoya City. Today, we announce a second joint project for condominium development inShirakabe 4-Chome, Higashi Ward, Nagoya City, will commence on a site acquired by ES-CON
JAPAN on September 30, 2019.
The project site is in a historic residential district for samurai maintained from the Edo era designatedas “Shirakabe, Chikara and Shumoku-cho Townscape Preservation Area,” and as a location has highscarcity value and a preserved aesthetic view along with favorable access to three nearby stations on
two railway lines, namely Takaoka Station on the Sakura-dori Line and Shimizu Station andAmagasaka Station on the Meitetsu Seto Line.
Chuden Real Estate and ES-CON JAPAN will promote the condominium sales business by utilizing
the locational characteristics of Shirakabe 4-Chome, which has both dignity and grace as well as
everyday convenience with retail, educational and other facilities situated within walking distance, tothe fullest.
ES-CON JAPAN and concluded a business partnership agreement with Chubu Electric Power Co.,
Inc. (Chubu Electric) in August 2018 and established a Nagoya branch in March 2019 by positioning
the Chubu region as a core business area comparable to the Tokyo metropolitan area and the Kansai
region.
This is the second project jointly undertaken by Chubu Real Estate and ES-CON JAPAN, both of whichhave been engaged in the real estate business in the Chubu area, and together the companies will
promote businesses that satisfy the local community.
The details of the development project will be disclosed on ES-CON JAPAN’s website and in otherplace once they are finalized.
Overview of Project Site
Nagoya City Higashi Ward Shirakabe 4-Chome II Project (tentative name)Location
4-51, 4-52, Shirakabe, Higashi-ku, Nagoya-shi, Aichi
Approx. 15-minute walk from Takaoka Station on the Sakura-dori Line.
AccessApprox. 10-minute walk from Shimizu Station on the Meitetsu Seto Line.
Site area
1,813.78 m2Overview of Companies
Trade name
Address

Chuden Real Estate Co., Inc.
2-5, Sakae 2-chome, Naka-ku, Nagoya-shi, Aichi

Representative

President & Representative Director Yutaka WatanabeLines of business

Real estate business, construction business, operation of facilities,
environmental greening

Establishment

April 20, 1957

Capital

100 million yen

Shareholder

Chubu Electric Power Co., Inc. (100%)

Trade name

ES-CON JAPAN Ltd.

Address

10-4, Toranomon 2-chome, Minato-ku, Tokyo

Representative

President and Representative Director Takatoshi Ito

Lines of business

Real estate sales business, real estate leasing business, real estateplanning, brokerage and consultation business

Establishment
CapitalShareholder

April 18, 1995
6,275 million yen (as of the end of December 2019)
Chubu Electric Power Co., Inc. (33.2%)*This press release was distributed to Electricity Study Group (Nagoya).
*Website of Chuden Real Estate: https://www.chudenfudosan.co.jp/ (Japanese)
Inquiries to Chuden Real Estate: +81-52-204-1383 (General Affairs Group, Management Department)*Website address of ES-CON JAPAN: https://www.es-conjapan.co.jp/
Inquiries to ES-CON JAPAN: +81-3-6230-9308 (Administration Group PR/IR Manage, Administration Department)