January 10, 2020
Company name:
Representative:

Inquiries:
Tel:

ES-CON JAPAN Ltd.
Takatoshi Ito, President &Representative Director(TSE 1st Section, code: 8892)
Minoru Nakanishi, Senior
Managing Director+81-3-6230-9308

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 on and concluded a sale andpurchase agreement for the transfer of the following real estate for sale it owns to ESCON JAPAN REIT
Investment Corporation (ESCON REIT). Details are as follows.
1. Details of Assets to Be Transferred
The total transfer price will be 10,373 million yen as described below and the total gain from transfer isscheduled to be 2,809 million yen. Moreover, the gain from transfer will not be disclosed individually foreach property.
Location
1) Yamato-Takada-shi,
Nara Prefecture(tonarie Yamato-Takada)*
2) Sakai-shi,
Osaka Prefecture(tonarie Toga-Mikita)*
3) Sakai-shi,
Osaka Prefecture(LIFE Daisen)

Site area(total floor area)

Transfer price(million yen)

Commercial facility(Land, building)

17,740 m2 (19,609 m2)
ownership ratio 50%

4,150

Commercial facility(Land, building)

10,435 m2 (11,771 m2)
ownership ratio 50%

3,490Commercial facility(Land)

9,264 m2

2,733

Type

10,373Total*The remaining 50% ownership for each 1) Yamato-Takada-shi, Nara Prefecture (tonarie YamatoTakada) and 2) Sakai-shi, Osaka Prefecture (tonarie Toga-Mikita) is scheduled to be transferred toChuden Real Estate Co., Inc. as announced on November 29, 2019.

2. Overview of Buyer
Trade name
ESCON JAPAN REIT Investment CorporationAddress
The Okura Prestige Tower 20F, 2-10-4, Toranomon, Minato-ku, TokyoRepresentative
Satoshi Omori, Executive Officer
Masato Yamanaka, Supervisory Officer
Satoshi Ugajin, Supervisory Officer
Relationship withCapital relationship
ES-CON JAPAN owns 4.76% of ESCON REIT’s investment
ES-CON JAPAN
units issued and outstanding.
Personal relationshipOne employee of ES-CON JAPAN serves as the executive
officer of ESCON REIT.
Business relationship
ES-CON JAPAN provides support such as the acquisition ofassets through the conclusion of a sponsor support
agreement with ESCON REIT.
Status of relationship
Not applicablewith related parties-1-3. Schedule of TransferDate of resolution at board of directors’ meeting
Date of conclusion of contract
Date of delivery of property

January 10, 2020
January 10, 2020
February 4, 2020

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
as sales and profits for the current fiscal year ending December 2020, and the transfer will have no
impact on the financial results for fiscal year ending December 2019. Said sales and profits are includedin the plans for FY2020 in the Third Medium-Term Management Plan recently announced, and there is nochange to the plans for FY2020 at present.
(Reference) Portfolio List of ESCON REIT
Property nametonarie Minami-senri
Asumigaoka Brand-New Mall
Nishi-shiroi Ekimae Plaza
tonarie Seiwadai
Pare Marche Nishiharu
LAMU Kitatsumori
K’s Denki Kurashiki
Acquired
assetsK’s Denki Oyumino
Nitori Tsuchiura
Nitori Imaichi
K’s Denki Nishi-kobe
Sanyo Marunaka Mitani
Tsutaya Sakai-minami
MaxValu Kikyougaoka-higashi
Fukuoka Kasuga Project(unit: million yen)
Location
Suita-shi,
Osaka Prefecture
Chiba-shi,
Chiba Prefecture
Shiroi-shi,Chiba Prefecture
Kawanishi-shi,
Hyogo Prefecture
Kitanagoya-shi,
Aichi Prefecture
Osaka-shi,
Osaka Prefecture
Kurashiki-shi,
Okayama Prefecture
Chiba-shi,
Chiba Prefecture
Tsuchiura-shi,
Ibaraki Prefecture
Nikko-shi,
Tochigi Prefecture
Kobe-shi,Hyogo Prefecture
Kobe-shi,Hyogo Prefecture
Sakai-shi,
Osaka Prefecture
Nabari-shi,
Mie Prefecture
Kasuga-shi,
Fukuoka Prefecture

Current total (A)tonarie Yamato-Takada(ownership ratio 50%) (1.1)
tonarie Toga-Mikita(ownership ratio 50%) (1.2)

TypeAcquisition price

Land, building

7,200

Land, building

3,200

Land, building

451

Land, building

3,290

Land, building

4,610

Leasehold land

1,270

Leasehold land

2,121

Leasehold land

2,710

Leasehold land

999

Leasehold land

363

Leasehold land

2,133

Leasehold land

1,430

Leasehold land

946

Leasehold land

477

Leasehold land

10,40441,607

Yamato-Takada-shi,
Nara Prefecture
AssetsSakai-shi,planned
Osaka Prefecture
to be
Sakai-shi,
acquired LIFE Daisen (1.3)
Osaka Prefecture
Total portfolio planned to be acquired (B)Total (A+B)-2-

Land, building

4,150

Land, building

3,490

Leasehold land2,733
10,37351,980Leasehold landLand, building
Total

25,58826,391
51,98049.2%
50.8%
100.0%*ESCON JAPAN REIT Investment Corporation has also announced today press releases concerning theacquisition and the issuance of new investment units and secondary offering of investment units.
For more details, please visit https://www.escon-reit.jp/en/-3-