March 7, 2023
Sumitomo Mitsui Finance and Leasing Company, Limited

SMFL MIRAI Partners Company, Limited
Kenedix, Inc.

ARA Asset Management Limited
SMFL MIRAI Partners, Kenedix and ARA jointly invest

in 50% interest in Singapore commercial building through an ARA-managed fund

Lazada One is a commercial building situated in the vibrant Bras Basah precinct.

SMFL MIRAI Partners Company, Limited (President: Tatsurou Terada; hereafter, “SMFL MIRAIPartners”), a consolidated subsidiary of Sumitomo Mitsui Finance and Leasing Company, Limited(President: Masaki Tachibana; hereafter, “SMFL”), together with Kenedix, Inc. (President & CEO:Taisuke Miyajima; hereafter, “Kenedix”) and fund manager ARA Asset Management Limited (CEO:Moses K. Song; hereafter, “ARA”), an ESR company, have jointly invested in a second property in
Singapore, through an ARA-managed fund.

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The investment is for 50% interest in Lazada One, a commercial building situated in the vibrantBras Basah precinct, a prominent arts, education, and cultural district which has also become apopular corporate user location. Centrally located, Lazada One is adjacent to two subway stationsand enjoys outstanding accessibility, visibility and close proximity to varsities, attracting a young

workforce. For these reasons, some of its principal tenants are leading e-commerce companies, IT
firms such as streaming services provider, and major operator of co-working spaces.
With superior investment management track record in the property market in the Asia-Pacificregion, ARA undertook a large-scale asset enhancement initiative to incorporate sustainability
features and transform the building into an environmentally-friendly property where ventilation,water, and waste are managed with highly energy-efficient equipment. The façade fins weredesigned to reduce solar radiation on the west facing façade by up to 31%. This helps to lower thebuilding’s overall energy consumption. Lazada One received the Green Mark* Platinum certificationfrom Building and Construction Authority of Singapore.

SMFL MIRAI Partners is expanding its investment and financing business in the Asian region incollaboration with Kenedix and its joint shareholder ARA. Owing to the fact that Singapore has acompetitive advantage in Asia and its real estate market is expected to pick up on the back ofeconomic recovery, the three companies decided to jointly invest in Lazada One as the second
property in their partner strategy with ARA being the fund manager, following the acquisition of
the commercial building Capital Square in February last year.

SMFL is expanding and ramping up its investment and financing business in the Asian region

together with SMFL MIRAI Partners. Going forward, SMFL, SMFL MIRAI Partners, Kenedix, and ARA
will capitalise on their respective networks, know-how, and strengths. The three companies in thepartnership will also work together to generate synergies, thereby expanding their investment andfinancing business in Asia and creating new investment opportunities.

*Green MarkA certification scheme for evaluating the environmental performance of buildings. It was launchedin 2005 by the Building and Construction Authority of Singapore. There are four levels of rating,with Platinum being the highest.

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Overview of property
Name

Lazada One

Address

51 Bras Basah, Singapore

Lettable area

259,800sqf（24,135 ㎡）

Structure

11 stories above groundConstructed

1989 (major renovations in 2022)

TenureBuilding: Ownership / Land: Leasehold (93 years remaining)

Overview of SMFL MIRAI Partners
Company name

SMFL MIRAI Partners Company, Limited

Head office

1-3-2 Marunouchi, Chiyoda-ku, Tokyo

Representative

Tatsurou Terada, President

Established

2018

Business

Real estate, environmental energy, other financial services

Overview of Kenedix
Company name

Kenedix, Inc.

Head office2-1-6 Uchisaiwaicho, Chiyoda-ku, Tokyo

Representative

Taisuke Miyajima, President & CEO

Established

1995

Business

Asset management business, Real estate related business and Realestate investment business, etc.

Overview of ARA
Company name

ARA Asset Management LimitedHead office

5 Temasek Boulevard #12-01, Suntec Tower Five, Singapore

Representative

Moses K. Song, Chief Executive Officer

Established

2002

Business

Real estate asset management in Asia and Oceania centring onSingapore, Hong Kong, and mainland China

Enquiries
SMFL

Corporate Communications Dept.

Yamamoto

Tel: +81-3-5219-6334

SMFL MIRAI Partners

Real Estate Business Planning Dept.

Morishita

Tel: +81-3-6695-8210

Kenedix

ESR and ARA

Public Relations & Sustainability
Dept.
Group Corporate Affairs

3Negishi,Takemura
Kathleen
Goh

Email:
kdx_prs@kenedix.com
Email:
kathleen.goh@esr.com