Ichigo Preserves and Improves Real Estate[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes.
Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.

October 5, 2017

IssuerIchigo Office REIT Investment Corporation (8975)
1-1-1 Uchisaiwaicho, Chiyoda-ku, Tokyo
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/english
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Wataru Orii, President
Inquiries: Hiroto Tajitsu, Head of Business Administration
Tel: +81-3-3502-4891

Ichigo Office REIT Portfolio Occupancy (Flash Data) – September 2017

TotalOffice
OtherCentral Tokyo
Tokyo
Metropolitan
By Area Area
Four Major
Regional Cities
Other RegionalCities
No. of Assets
No. of Tenants
Leasable Area
Leased Area
By Asset
Type

August 2017
(Final: A)

September 2017
(Flash: B)

Difference(B) - (A)

98.4%
98.5%
97.7%
98.7%

98.1%
98.1%
97.7%
98.5%

-0.3%
-0.4%
–-0.2%

98.5%

97.9%

-0.6%

98.0%

98.3%

+0.3%

97.5%

97.1%

-0.4%

85922
262,706.91m2
258,457.40m2

85919
262,700m2
257,700m2–-3

Notes:
1. The above figures are month-end and have not been audited.
2. Leasable Area is the total space of the individual properties that is available to beleased and is subject to minor adjustments due to refurbishing or individual rental
contract terms.
3. Central Tokyo refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa
Wards. Tokyo Metropolitan Area refers to Tokyo (excluding the six wards above),
Kanagawa, Chiba, and Saitama Prefectures. Four Major Regional Cities refers toOsaka, Nagoya, Fukuoka, and Sapporo.

1Explanation of Changes
Occupancy decreased for Office, Central Tokyo, Tokyo Metropolitan Area, and Other
Regional Cities due to lease terminations at the Ichigo Kanda Nishikicho Building,
Ichigo Kawasaki Building, and Ichigo Kumamoto Building, and increased for Four
Major Regional Cities due to a new tenant at the Ichigo Nagoya Building. Ichigo Office
REIT is working towards a rapid lease-up of the three buildings with new vacancies.
Value-Add Actions
Ichigo Office REIT believes that contributing to a sustainable society and environmentis a fundamental social responsibility and is central to the long-term growth of its
corporate value. Ichigo Office REIT was awarded the highest-ranking “Green Star” inthe 2017 Global Real Estate Sustainability Benchmark (GRESB) Real Estate
Assessment and Four Stars in the GRESB Rating (maximum five stars) newly
introduced last year. (For details, please refer to the September 7, 2017 release “Ichigo
Office REIT Awarded GRESB Green Star Ranking.”)
GRESB emerged in 2009 from a collaboration of the world’s largest pension funds inorder to define ESG concepts and frameworks for the real asset sector that have now
become the global standard for the industry. A record 850 companies and real estate
funds participated in the GRESB Real Estate Assessment this year.
In recent years, buildings’ environmental footprint and energy efficiency have become
increasingly important for prospective tenants. Ichigo Office REIT will continue to work
both to increase tenant satisfaction via tailored tenant services and contribute to asustainable society.
For more details on GRESB, please visit gresb.com

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