NEWS RELEASE
March 8, 2021
For Immediate Release
Investment Corporation
Japan Real Estate Investment Corporation
Yutaka Yanagisawa, Executive Director(TSE code: 8952)
Asset Management Company
Japan Real Estate Asset Management Co., Ltd.
Naoki Umeda, President & CEO
Contact: Masaru Motooka
Executive Officer & General Manager
Planning Department
Phone: +81‐3‐3211‐7951

Announcement of Obtainment of the ZEB Ready Certification(Higashi‐Gotanda 1Chome Building)Japan Real Estate Investment Corporation (“JRE”) hereby announces that one of its properties, Higashi‐Gotanda 1Chome Building, has received a ZEB Ready Certification as well as 5 Stars Certification by
Building‐Housing Energy‐efficiency Labeling System (“BELS”) as described below.
1. Evaluation Results
Property Name
Higashi‐Gotanda 1ChomeBuilding

Location

Certification Rank

ZEB Certification

Shinagawa‐ku, Tokyo★★★★★

ZEB ReadyEvaluator: The Building Center of Japan.

Higashi‐Gotanda 1Chome Building

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The above evaluation is based on the design and renovation plan for the building, assuming that therenovation will be carried out in the future. Therefore, we will determine the actual timing of therenovation work after considering the budget and other factors for the entire portfolio.
2. Overview of BELS and ZEB Ready Certification
BELS is a third‐party certification system in Japan that displays the energy saving performance ofbuildings. From April 2016, real estate companies (and others) are required to strive to display theenergy‐saving performance of buildings based on the Act on the Improvement of Energy
Consumption Performance of Buildings (“Building Energy Efficiency Act”). The concrete display
method is stipulated in the guidelines for energy saving performance display of buildings, BELS isevaluated based on the same guideline, and the evaluation result is represented by the number ofstars (one star “★” to five stars “★★★★★”).
A Net Zero Energy Building (“ZEB”) is a building that aims at zero energy balance with considerably
reduced annual energy consumption by saving as much energy as possible via better heat insulation,
solar shading, natural energy and high‐efficiency equipment, coupled with creating energy byphotovoltaic power generation (or other energy generating methods), while maintaining a
comfortable environment.
In addition, in the BELS certification system, it is possible to obtain certification according to the levelof ZEB, ZEB (energy savings of 100% or more), Nearly ZEB (energy savings of at least 75%), ZEB Ready(energy savings of greater than 50%), and ZEB Oriented (Gross floor area 10,000m2 or more andenergy savings beyond the regulation for each application). It is evaluated in 4 stages.
For details about BELS and ZEB, please refer to the URL below.
* BELS: https://www.hyoukakyoukai.or.jp/bels/bels.html (in Japanese)* ZEB: http://www.env.go.jp/earth/zeb/index.html (in Japanese)
3. JRE’s ZEB Initiative・KPIs for 2030: Own 5‐10 Zero Energy Buildings
JRE has established CO2 reduction targets and environmental Key Performance Indicators (KPIs) for2030 as follows. We agree with the basic approach of the “SDGs (Sustainable Development Goals)”
adopted by the United Nations and continue to proactively address climate change.

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JRE aims for 35% reduction of CO2 emissions by 2030 (Carbon intensity basis / Base year: 2013). The
reduction through ZEB properties will play a significant role in achieving the goal.

JRE has acquired the said ZEB Ready Certification in collaboration with Mitsubishi Jisho Sekkei Inc. We
will further pursue the future possibility to realize ZEBs through renovations of the existing properties
with an aim to achieve the KPIs for 2030.

This is the English translation of the announcement in Japanese dated March 8, 2021.
No assurance or warranties are given for the completeness or accuracy of this English translation.

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