July 7, 2024

MORI TRUST CO., LTD.

Mori Trust Joins a Project to Develop
Luxury Detached Housing Units for Salein Bangkok, Thailand
First investment by Mori Trust in the ASEAN region
Mori Trust Co., Ltd. (Head Office: Minato-ku, Tokyo; President: Miwako Date)announced that in collaboration with Major Development Public Company
Limited (Major), a real estate developer based in Thailand, it joined "Malton
Gates Krungthep Kreetha 2," a project to develop luxury detached housing units
for sale in the eastern suburbs of Bangkok, Thailand (“Project” below), on July4, 2024. This constitutes the first time Mori Trust has invested in the ASEAN
region and joined an overseas project to develop luxury detached housing unitsfor sale.

「Malton Gates Krungthep Kreetha 2」 image

First time to join a project in Bangkok, Thailand
The ASEAN region is projected to continue demonstrating increases inpopulation and income going forward. In Bangkok, Thailand in particular, thedevelopment of infrastructure and areas along railway lines is progressing, andhousing needs in the suburbs are growing. The Krungthep Kreetha area, where
the Project will be carried out, has excellent access by virtue of being within a
15-km radius of the Central Business District (CBD) and a 10-km radius of
Suvarnabhumi Airport. The surrounding area hosts the likes of international
schools and commercial facilities, making it an area of Bangkok with particularlyhigh demand for housing.

First time to join a project to develop detached housing units for sale
In Thailand, the demand for housing with more private space has increased
following the COVID-19 pandemic. Under the Project, Mori Trust intends todevelop and sell in units a gated community that consists of a total of 44detached housing units and has security and privacy ensured. The area perhouse is generously sized at approximately 400 m2 to 600 m2. Additionally, inthe community, Mori Trust will provide a comfortable living space in a quiet
suburban living environment by enhancing shared amenities such as aclubhouse, swimming pool and co-working space. Sales of the housing units arescheduled to begin in 2025, with total sales are estimated to be approximately
9 billion yen.
After commencing its overseas investment business in 2016, Mori Trust has
been examining a wide range of investment destinations. Last year, itsannounced its “Advance2030” medium- to long-term vision, and is currently
working on expanding its business further, including making overseas
investments.

Comments from Petrada Poolvoralaks, CEO of Major Development PCL.
I am extremely delighted and grateful for theopportunity

topartner

with

Mori

Trustspearheaded by CEO Ms. Miwako Date whom
I have great admiration and respect for.
This partnership represents a monumental
leap forward for our company.

Major

Development is unwavering in its commitment
to upholding the pinnacle of Craft and Quality
excellence, and we are elated that Mori Trust has chosen to make theirinaugural overseas luxury residential investment with us.

Comments from Miwako Date, President of Mori Trust Co., Ltd.
It is a great pleasure for us to partner withMajor Development. I am also very excited by
the launch of this project, which is Mori
Trust's first investment in ASEAN and also ourfirst overseas luxury residential development
project. We are making steady progress toachieve our new medium to long-term vision"Advance 2030". Without limiting ourselves tocertain areas or types of asset, we will continue to aggressively expand ouroverseas business.

■About the project to develop luxury detached housing units for sale
⑴ Overview of Plan
NameMalton Gates Krungthep Kreetha 2

Location

Krungthep Kreetha, Bangkok

Site Area

26,953.6 ㎡

Total Number of Units

44 units

Shared Facilities

Clubhouse, guest lounge, swimming
pool,

co-working

space,

sharedkitchen, fitness room, etc.
Sales Commencement Timing

During 2025

⑵ Peripheral Map

About Major Development Public Company Limited https://www.mjd.co.th/Since 1999, Major Development has been a leader in high-end residential realestate development.

As a holding company, it oversees subsidiaries thatprovide comprehensive real estate services, including sales and recurringincome.

With over 60 completed projects, they are dedicated to "Crafting

Lifescape to Excellence" and delivering "Best In Class" products and services.

About Mori Trust Co., Ltd. https://www.mori-trust.co.jp/
Mori Trust Co., Ltd. is a comprehensive real estate developer engaged inlarge-scale complex development in Japan’s central city areas and in anationwide hotel & resort business. In its three main businesses of “RealEstate Business,” “Hotel & Resort Business” and “Investment Business(Japan/overseas),”ithas

developed

64buildings,residences

andcommercial facilities in Japan and overseas as well as 35 hotel & resort
facilities (as of March 2024).
Mori Trust will continue to promote projects that enhance Japan's
international competitiveness through efforts such as urban development
and hotel development that preserves and utilizes historic buildings thatserve as tourist attractions.
Mori Trust Group’s Main Track Record of Overseas Investment
245 Park Avenue（New York）
Asset Type: Office, Store

15 Necco Street（Boston）
Asset Type: Lab & Office, Store

601 Massachusetts Avenue（Washington, D.C.）
Asset Type: Office, Store