December 25, 2018
Company name:
Representative:

Inquiries:Tel:

ES-CON Japan Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)
Minoru Nakanishi, Senior
Managing Director+81-6-6223-8055

Notice on Transfer of Real Estate for Sale to ESCON JAPAN REIT Investment Corporation
ES-CON Japan Ltd. (ES-CON Japan) announces that it has decided to transfer the following real estate
for sale which it owns as of the listing of ESCON JAPAN REIT Investment Corporation (hereinafter“ESCON REIT”) (scheduled to be listed on February 13, 2019) whose assets are entrusted to be
managed by ES-CON Asset Management Ltd. (hereinafter “ES-CON AM”), the wholly subsidiary of ESCON Japan, as described in “Notice on Approval of Listing of Investment Units of “ESCON JAPAN REIT
Investment Corporation” on the Tokyo Stock Exchange” separately announced today as follows.
1. Details of Assets to be Transferred
The total transfer price will be 13,748 million yen as described below and the total gain from transfer isscheduled to be 2,282 million yen.
Moreover, the gain from transfer will not be disclosed individually for each property.
Site areaLocationType(total floor area)
Kita-nagoya-shi,
11,474 m2
Commercial facility (land, building)
Aichi Prefecture(47,179 m2)
Chiba-shi,
41,288 m2
Commercial facility (land, building)Chiba Prefecture(33,809 m2)
Shiroi-shi,
2,015 m2
Commercial facility (land, building)Chiba Prefecture(1,018 m2)
Chiba-shi,
Land lot of commercial facility (land)
23,379 m2
Chiba Prefecture
Nishi-ku, Kobe-shi,
Land lot of commercial facility (land)
9,610 m2
Hyogo Prefecture
Sakai-shi,
Land lot of commercial facility (land)
4,406 m2
Osaka PrefectureKasuga-shi,
Land lot of commercial facility (land)
3,125 m2
Fukuoka PrefectureTotal

Transfer price(million yen)
4,610
3,200451
2,710
1,430946
401
13,748

2. Overview of Buyer
Trade name
ESCON JAPAN REIT Investment CorporationAddress
2-5 Kanda-Surugadai 4-chome, Chiyoda-ku, TokyoOfficers
Satoshi Omori, Executive Officer
Masato Yamanaka, Supervisory Officer
Satoshi Ugajin, Supervisory Officer
Relationship
Capital relationship
As of the date of this document, ES-CON Japan invests 45.1% inwith listed
NBNS Investment Limited Liability Partnership as a limited liabilitycompanies
partner of NBNS Investment Limited Liability Partnership which owns
37.8% of ESCON REIT’s investment units issued and outstanding.
Personal relationship An employee of ES-CON Japan serves as the executive officer ofESCON REIT.
Business relationship ES-CON Japan provides support such as the acquisition of assets byconcluding a sponsor support agreement with ESCON REIT.
Status of relationship Not applicablewith related parties-1-3. Schedule of Transfer
Date of resolution at board of directors meeting
Date of conclusion of contract
Date of delivery of property

December 25, 2018
December 25, 2018
February 13, 2019 (scheduled)

4. Impact on Financial Results
The impact of the transfer of the real estate for sale on the financial results is scheduled to be recorded assales and profits next fiscal year ending December 2019, and the transfer will have no impact on thefinancial results for the current fiscal year.
Moreover, the impact on the financial results for Fiscal 2019 is currently being examined and will beannounced separately once finalized.

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