December 1, 2021
FOR IMMEDIATE RELEASE
Activia Properties Inc.
21-1 Dogenzaka 1-chome, Shibuya-ku, Tokyo
Nobuhide Kashiwagi
Executive Director(Code: 3279)
Asset Management Company
TLC REIT Management Inc.
Masaoki Kanematsu
President & CEO
Inquiries
Kazuyuki Murayama
General Manager of Strategy Department
Activia Management Division(Tel: +81-3-6455-3377)

Notice Concerning Change in Specified Related Corporation
Activia Properties Inc. (“API”) announces a change in a specified related corporation of TLC REITManagement Inc. (“TRM”), to which API entrusts its asset management. Details are as follows:1.

Reason for the change
The total amount paid to SPADE HOUSE Limited Liability Company by API for acquisition of trust
beneficiary interests in real estate, etc. (real estate, real estate leasehold rights and surface rights being hereincollectively referred to as real estate, etc.) (“Trust Beneficiary Interest In Real Estate, Etc.”) in the past three
years from the last day of the fiscal period ended May 31, 2019 (the 15th fiscal period from December 1, 2018
through May 31, 2019) was equivalent to 20% or more of the total amount paid or received by API foracquisition or transfer of real estate, etc. and Trust Beneficiary Interests In Real Estates, Etc. during the said
period. Thus, SPADE HOUSE Limited Liability Company has fallen into “specified related corporation”(corporation engaged in the transactions set forth in Article 29-3, Paragraph 3, Item 2 of the Order for
Enforcement of the Financial Instruments and Exchange Act).
But the concerned criteria was not met for the past three years from the last day of the fiscal period ended
November 30, 2021 (the 20th fiscal period from June 1, 2021 through November 30, 2021) and thus no longer
falls into “specified related corporation”.

2.

Overview of the specified related corporation
NameAddress
Management
Amount of capital
Establishment
Net Assets
Total Assets
Major Shareholder

SPADE HOUSE Limited Liability Company
Nihonbashi 1-chome Building, 4-1, Nihonbashi 1-chome,
Chuo-ku, Tokyo
Takanori Mishina¥1 million (as of March 31, 2021)
September 12, 2007
- (Note)- (Note)- (Note)1

Business Description

1. Acquisition, possession and disposition of real estate trust
beneficiary interests
2. Acquisition, development, possession, disposition, leasing andmanagement of real estate
3. Acquisition, possession and disposition of shares and interestsof corporations of which the purpose is related to each item
listed above
4. Any other related businesses to each item listed above

Relationships with API and TRM
Capital relationship
SPADE HOUSE Limited Liability Company is a SPC, in which
Tokyu Land Corporation, the 100% parent company of TRM,
holds anonymous association (tokumei kumiai) interests.
Personnel
Nonerelationship
Business relationship
SPADE HOUSE Limited Liability Company is the seller of thetrust beneficiary co-ownership interest (30%) in Tokyu PlazaGinza (Land) which API holds as of today.
Related party status
SPADE HOUSE Limited Liability Company is not a related
party of API, but is a related party of TRM under TRM’s internal
rules and the Act on Investment Trusts and Investment
Corporations.
(Note) Not disclosed because the permission of the specified related corporation was not obtained.
3.

Outlook
There is no impact of the change on the management performance of API for the fiscal period ending May
31, 2022 (the 21st fiscal period, from December 1, 2021 to May 31, 2022).

*Website of API: https://www.activia-reit.co.jp/en/2