CONTENTS

MESSAGE FROM THE PRESIDENT 02 MESSAGE FROM THE PRESIDENT As a core company of the Tokyu Fudosan Holdings Group, 03 HISTORY OF TOKYU LAND CORPORATION We are creating a town to solve social issues through 05 ABOUT TOKYU FUDOSAN HOLDINGS GROUP value creation by cooperation. 06 GROUP’S MEDIUM- AND LONG-TERM MANAGEMENT PLAN

07 URBAN DEVELOPMENT THAT PROPOSES NEW LIFESTYLES

07 THE GREATER AREA CONCEPT 09 LIFE STORY TOWN

11 URBAN DEVELOPMENT

25 RESIDENTIAL

33 WELLNESS

43 OVERSEAS BUSINESSES

47 REAL ESTATE SOLUTIONS Tokyu Land Corporation is a comprehensive real estate company the aging population and childcare through the joint development of with operations in urban development, residential property, wellness, condominiums and senior housing. In September 2017, we celebrated overseas businesses and more. We are a core company of Tokyu the opening of the town developed in the Nakamachi Fudosan Holdings Group. Since our founding in 1953, we have Project, our first project for creating a town which fosters interactions 48 MAJOR AFFILIATES consistently worked to create value by launching new real estate between generations. 49 HOLDINGS STRUCTURE businesses. We have expanded our business domains in response to For the expansion of the scope of cyclical reinvestment business, changing times and societal changes, growing from development to we are expanding the applicable areas of the cyclical reinvestment 50 TOKYU GROUP PHILOSOPHY property management, real estate agency and, in particular, a retail business to infrastructure, hotels, resorts and residences for business encouraging work done by hand. These operations now run students, in our efforts to ensure the expansion of associated assets independently as Tokyu Community Corporation, Tokyu Livable, Inc. and the increase in profitability. In 2017, we entered the businesses of and Tokyu Hands, Inc., subsidiaries within our Group. By shifting our developing logistic facilities and residences for students. We are also main source of revenue from real estate sales to the leasing of space expanding businesses in the United States, where economic growth in office buildings, commercial facilities and the like since 2000, we is expected to continue going forward. have overcome the bursting of the bubble economy and the Global I am convinced that new value creation through cooperation is Financial Crisis. We also made an early entry into the real estate the best way to respond with agility to changing social issues and securitization business, building a strong REIT and private fund to continue to be valued by society. As a core company of Tokyu business based on stable revenue. Fudosan Holdings Group, we will accelerate our efforts to create Aspiring to play a central part in the medium- and long-term Group synergies and keep seeking new business opportunities and management plan, Value Frontier 2020: To Become a Corporate Group enhancing our business models, thereby aiming for strong growth. that Continues to Create Value, which serves as the guideline for the To achieve sustainable growth as a company, above all, we have Group, we are currently pursuing businesses based on our strengths, to be a strong and vibrant organization. In 2017, we were recognized namely our stable earnings power and our strong development under the 2017 Certified Health and Productivity Management capabilities backed by an impressive track record. Our target year Organization Recognition Program. Without resting, we will continue to is 2020, when the Olympic and Paralympic Games will be held in exert our leadership in promoting health and productivity management . In FY2017, we launched the Medium-Term Management Plan and workstyle reforms. In addition, to retain our reputation among for 2017 to 2020 as Stage 2 of Value Frontier 2020. Toward FY2020, customers and society as a group that has come to be associated with we are promoting urban development that proposes new lifestyles and comfort and reliability, we will also maintain our focus on bolstering expansion of the scope of cyclical reinvestment business as growth corporate governance and compliance. strategies. We will continue to create, propose, and actively convey our ideas For the urban development that proposes new lifestyles, we are about new ways of living, working and spending time. We aim to working to add to the appeal of Shibuya under the Greater Shibuya Area exceed expectations that Tokyu Land Corporation continue to take on Concept. Under this concept, we promote area-wide development and challenges and make an endless effort to evolve. management in Shibuya as our home turf as well as its surrounding areas. We are also focusing our efforts on town development which President Yuji Okuma promotes interaction between generations and lifestyle continuity from one generation to the next, an initiative to tackle the issues of

01 View from Parkfront (completed in May 2017) 02 History of Tokyu Land Corporation

CHRONICLE CHRONICLE CHRONICLE CHRONICLE 1950s-1960s 1970s-1980s 1990s-2000s 2010s-

Seeking to be a Great Local Brand As a Comprehensive Lifestyle Producer From Residential Development to Urban Development To an Era of Group Co-Creation Starting with garden cities, we focused on urban development A corporate group that creates lifestyles through After the collapse of the bubble economy, TLC shifted its revenue Anticipating change, we sustained growth in Shibuya, Daikanyama, and other locations business diversification base from sales to leasing business. through Group co-creation.

1923 1970 1993 2010

Sale of Den-en-chofu, ’s TLC expands its business Tokyu Stay begins operation, TLC completes Phase I Project first garden city plan, begins. by entering the property the first urban medium- of Futako Tamagawa Rise, one management business, with to long-term stay hotel of the largest private mixed- the establishment of Tokyu (Kamata, Tokyo). use redevelopment projects Community Corporation. in Tokyo. Tokyu Stay Kamata (recent photo) 1953 1976 1993 2011

Tokyu Corporation spins off TLC establishes Tokyu Hands, TLC opens Setagaya Abeno Q's Mall opens as one of its real estate division into Inc., entering the retail Business Square, the first the largest shopping malls in Tokyu Land Corporation (TLC). business under the concept of skyscraper office building Osaka Prefecture. encouraging work done by hand in the Tokyu Group. as a pioneer in the DIY industry.

1955 1982 1994 2012

Construction of Daikanyama TLC starts development of TLC starts supplying houses Tokyu Plaza Omotesando Tokyu Apartment (Japan's Asumigaoka New Town, one of for Kimi no Mori, Japan’s opens as a first luxury rental apartment the largest town development first residential golf course cultural center that colors complex for foreign nationals) projects in Japan, which country club. -jingumae Crossing. is completed. focuses on harmony with nature. 1956 1984 2002 2013

TLC opens Shibuya sales TLC opens Palau Pacific Completion of the Ichiban-cho Tokyu Fudosan Holdings office (predecessor of Tokyu Resort, a full-fledged overseas Tokyu Building, Tokyu's first Corporation is established to Livable, Inc.), the industry’s resort developed in an office building development reinforce the management first full-scale entry into the environmentally-friendly project financed through base for creating synergy real estate intermediary manner. securitization. within the Group. business. 1958 1985 2004 2015

TLC completes construction of TLC establishes Tokyu Sports TLC starts operating Grancreer, Tokyu Plaza Shibuya closes, Tokyu Skyline, the industry’s Oasis Inc. In the following year, marking the opening of ending its 49 years of history, first condominium project. the company opens the first Tokyu’s first senior housing for the redevelopment of members-only fitness club development in anticipation Shibuya. that proposes healthy lifestyles of an aging society (Azamino, (Esaka, Osaka). ). 1965 1988 2007 2016

TLC opens the Shibuya Tokyu TLC starts operating Tokyu Completion of Tokyu Plaza opens as Building, a trend-setting retail Harvest Club. The company Building, a large-scale the eastern base of the Tokyu complex. opens the first membership office building that caters to Group, marking its full-scale resort hotel, which proposes contemporary business needs. entry into the Ginza area. new ways of enjoying leisure (Tateshina, Nagano).

03 04 Our Group Group’s Medium- and Long-Term Management Plan About Tokyu Fudosan Holdings Group Value Frontier 2020: As a corporate group that continues to create value, the Tokyu Fudosan Holdings Group creates and proposes lifestyles by going To Become a Corporate Group that Continues to Create Value beyond the bounds of physical frames. Under Tokyu Fudosan Holdings Corporation, the Group operates in the seven segments of Urban Development, Residential, Property Management, Real Estate Agents, Wellness, Tokyu Hands, and Innovation Business, The Tokyu Fudosan Holdings Group strives to achieve sustainable growth and long-term improvement of its corporate value with the leading roles played by the six core operating companies: Tokyu Land Corporation, Tokyu Community Corporation, Tokyu under the medium- and long-term management plan, Value Frontier 2020: To Become a Corporate Group that Continues to Create Livable, Inc., Tokyu Hands, Inc., Tokyu Housing Lease Corporation, and National Students Information Center Co., Ltd. We continue Value. The target year for this plan is 2020, which will be a landmark year in economic activity for Tokyo. It marks the year by to provide new value to our customers by taking advantage of the Group’s comprehensive capabilities and challenging DNA, which which the areas around will have undergone a dramatic transformation through redevelopment projects, as well has been passed on since the development of Den-en-chofu, which we worked on with the aim to create an ideal community. as the year in which the Tokyo Olympic and Paralympic Games will be held.

2014-2016 2017-2020 2021-

Medium- and Long-Term Management Plan Entering a New Stage Value Frontier 2020: To Become a Corporate Group that Continues to Create Value

TWO FUNDAMENTAL POLICIES

Expansion of associated assets Creation of new demand

STAGE 1 STAGE 2 Previous Medium-Term Management Plan New Medium-Term Management Plan

Urban Property Real Estate Innovation Residential Wellness Tokyu Hands Development Management Agents Business

Creating prosperous Shining a new light on Providing lifelong Connecting customers Providing rich time Making life fun Developing new fields Medium-Term In the Medium-Term Management Plan for 2017 to 2020, Stage 2 of the Value Frontier 2020, we are promoting cities alive with people housing support for buildings and real estate and experiences ・ Tokyu Hands ・ Overseas businesses Management Plan three growth strategies by taking advantage of the Group’s comprehensive capabilities while continuing the and customers ・ Development in Tokyo ・ Condominiums ・ Brokerage service ・ Senior life ・ hands be ・ Custom-built houses two basic policies of expanding associated assets and creating new demand. and renovation 2017-2020 ・ Offices ・ Residences ・ Condominiums ・ Consignment sales ・ Resorts ・ Other specialty stores Greenification ・ Commercial facilities ・ Student residences ・ Buildings ・ Real estate sales ・ Fitness ・ ・ Investment management ・ Senior housing ・ Public facilities ・ Real estate solutions ・ Urban hotels 1 2 3 ・ Management of rental ・ Contracted welfare Expansion of the scope Targets housing services Urban development that Reinforcing stock of cyclical reinvestment (FY2020) proposes new lifestyles utilization business Three Growth Strengthening of The Greater Shibuya Expansion of the Strategies property management Operating profit ¥93 billion Area Concept investment areas >> P. 7 business

The Group’s Strength and Ideal Lifestyle community Strengthening of Strengthening of with alteration of the business in the Net profit* ¥42 billion real estate agents generations >> P. 9 United States The Group’s strength is its ability to provide products and services tailored to customers’ life stages using wide-ranging business development Debt equity ratio and long-term, continuous contact with customers. We strive to achieve our ideal by combining our varied products and services and providing Approximately 2.3 Reinforcing the value that integrates the physical and non-physical. Strengthening measures to generate synergy effects among businesses management foundations Debt/EBITDA ratio that support the growth Approximately 10 strategies Optimization of Group management assets / ESG Management Group strengths The ideal

* Profit attributable to owners of parent Life stage Schooling Employment Retirement

styles for new work Proposals Business Portfolio Core Businesses Office buildings: Offices offered by TLC / INFIELD / Business-Airport the sale of properties and products Proposal and creation of lifestyles that go beyond A Corporate Group that Continues to Create Value Work styles Part-time job Contracted welfare services: Ewel referrals We have built a business portfolio that Asset Utilization Business Dramatic Growth in the Stock Office management enables us to flexibly respond to social Reform and Reinforcement Utilization Business Nasic Tokyu Community issues and changes in the business Urban Property Real Estate

Condominium management new home styles Proposals for environment in a group-wide manner. We Residential Development Management Agents Rental housing position Urban Development, Residential, Rental housing: Tokyu Housing Lease for students Property Management, and Real Estate Home styles New condominiums: BRANZ Agents as our four core businesses. The Mature Growth Markets Markets Wellness business, which has a favorable Previously-owned housing, renovation, and remodeling: Increase Group Added Value New Core Business Future Growth Tokyu Livable / Tokyu Re・design business environment, will be our fifth Drivers Senior housing: Grancreer core revenue source by FY2020.

ways of play styles Proposals for new Innovation Shopping: Tokyu Hands / Tokyu Plaza / Q's Mall Tokyu Hands Wellness Business (Overseas Businesses) Fitness: Tokyu Sports Oasis Play styles Hotels: Tokyu Stay Tokyu Land Corporation, the core company of the Group, operates four of the seven businesses of the Group, Resorts: Tokyu Harvest Club / Tokyu Snow Resort / Tokyu Golf Resort namely Urban Development, Residential, Wellness, and Strategic Businesses Innovation Business (Overseas Businesses).

05 06 Urban Development that Proposes New Lifestyles The Greater Shibuya Area Concept HARAJUKU Sta. The area around Shibuya, where we have been headquartered, is surrounded by highly distinctive towns such as Aoyama, GREATER 9 Omotesando, Harajuku, Ebisu, and Daikanyama, which are connected in a complex manner. It is an attractive area with a variety SHIBUYA 16 of urban functions, including places for working, playing, learning, relaxing, and engaging in creative activities. We have positioned this area as an important base for the Group, by designating it as the Greater Shibuya Area. AREA 15 8 MEIJI-JINGUMAE Sta. 14

ENTERTAINMENT CITY SHIBUYA

Under the Greater Shibuya Area Concept, we are proceeding with urban development that OMOTESANDO Sta.

highlights the unique features of the Group, ranging from the development of individual Fukutoshin Line projects to area management, and administration and operation, in an area where the major 18 12 properties of the Group are concentrated. We promote development aimed at expansion from 5 specific locations to the creation of a sustainable town with infinite potential. We will create a Tokyu Hands town that captivates people with attractive content, to make Shibuya the best place to visit in Japan. In the redevelopment projects 11 Shibuya Store in Shibuya, which are said to be greatest in 100 years, we are working to realize Entertainment City Shibuya as a member of the SHIBUYA Sta. Tokyo Metro Hanzomon Line Tokyu Group, to further increase the potential of this area featuring a cluster of IT companies, a rich residential area, major clusters Tokyu Department Store of commercial facilities and culture, and superior access. Head O ce Bunkamura SHIBUYA109 4 Concentration of IT firms 1 Growth of creative industry REDEVELOPMENT PROJECTS 6 19 2 3 13 Abundant residential properties Keio Inokashira Line 1 2 3 Including Embassies and foreign residents 4

Opening: FY2019 / FY2027 (tentative) JR Major hub of commercial and 5 SHIBUYA CAST cultural activity Opening: April 2017 Tokyu Den-en-toshi Line 7 A district that attracts new trends

JR Saikyo Line 6 Good access Opening: Fall of 2018 (tentative) Links up to 8 lines (JR and private train lines) Rendering Rendering Rendering 7 Shibuya Daikanyama R Project Opening: Fall of 2018 (tentative) Dogenzaka 1-chome Shibuya Station Nampeidai Project Shibuya-station Front District Sakuragaoka Exit District (tentative name) Note: 4 to 7 above are projects mainly conducted Completion: Autumn of 2019 (tentative) Completion: FY2023 (tentative) Completion: 2019 (tentative) by .

EBISU Sta. 10 Tokyu Toyoko Line COMMERCIAL FACILITIES 17 8 9 10 11 12

■■ Redevelopment project DAIKANYAMA Sta. ■ Commercial facility ■ Office building ■ Property owned by API API: Activia Properties Inc.

Q Plaza Harajuku Tokyu Plaza Omotesando TENOHA DAIKANYAMA Shibuya Beam Glassarea Aoyama Harajuku

OFFICE BUILDINGS We have renovated a We have created 16 18 19 48-year-old building facing incubation facilities that 13 14 15 16 17 Fire Street in Shibuya for connect Shibuya to the business start-ups. We world as a place for have made it a place for implementing acceleration creative office work in programs provided by Rendering Shibuya, as the cultural Plug and Play Tech Center, Membership satellite offices Renovated Office Building center of Tokyo. We have Plug and Play Shibuya a global company. We will Business-Airport Aoyama ASIA BUILDING created a community lounge powered by TLC promote collaborations (Spline Aoyama Tokyu Building) Completion of renovation: June 2017 and meeting room with Opening: November 2017 with start-ups in earnest See page 15 for details. sophisticated designs. in Shibuya. Shibuya Minami Tokyu Building Shin-Aoyama Tokyu Building Minamiaoyama Tokyu Building Spline Aoyama Tokyu Building Ebisu Business Tower

07 08 09 and where avariety oflife storiesare created. diverse lifestyles and well-being. We aim to create a community that realizes urban life withinteractions between generations with adecliningbirthrate, theproblem ofdementia, andweakcommunityties, inoureffortsto cater tosocialneeds related to focus on residences (tangiblemeasures). We therefore address socialissuesrelated tohousing, suchastheagingpopulation lifestyle proposals. Inthisproject, weaddcommunitymanagementandotherintangiblemeasures tojointdevelopment witha Under theconceptofanewstoryforeachlifestyle, weoperate LIFESTORY TOWN, aproject for creating acommunitybasedon STORYLIFE TOWN Urban Development thatProposes NewLifestyles 1st project and intangibleelements. We propose newlifestyles through communitydevelopment thatcombinesresidences, tangibleelements, Residences Student Residences Tangible development) elements(joint ［ Senior Housing Condominiums Residential ］ Residences Completion: July 2017 BRANZ CITY Setagaya Nakamachi Setagaya Nakamachi Project Condominiums Tangible elements Commercial Facilities Equation ofLIFESTORY TOWN Leisure Facilities (Lifestyle communitywithalteration ofgenerations) (Lifestyle ［ Others ］ Resorts Offices Hotels Creating acommunitywhere new storiesare created Opening: July 2017 (SeniorResidence) Grancreer Setagaya Nakamachi → Seepage29(Residential) andpage35(Wellness) for details. Senior Housing September 2017(Care Residence) Intangible elements Property Management Supermarket Operation Childcare Intangible elements Lifestyle communitywith alteration ofgenerations New businessdomains Proposal oflifestyles Real EstateAgents Internet of Things Internet Wellness etc. as aProvider ofSolutionstoSocialIssues Four BusinessDomainsof Tokyu LandCorporation OVERSEAS BUSINESSES WELLNESS communities, andmeasures for saving energy andprotecting theenvironment. control, countermeasures againstaging offacilities, revitalization oflocal We alsocontributetolocal communitiesthrough initiatives suchasdisaster in agingofthepopulationwithdecliningbirthrates anddiversifying lifestyles. we create residences inresponse tochangesofthetimes, suchastheprogress In ourResidential business, whichisaimedatsheddingnewlightonhousing, RESIDENTIAL URBAN DEVELOPMENT creation there inthe1980s, whileprotecting theenvironment andlocal culture. contributing tolocal communities, having startedresort development andjob and Indonesia. Inaddition, inPalau, atourism-basedcountry, wehave been businesses. We promote overseas expansion withafocus ontheUnitedStates we viewtheprogress ofglobalizationasanopportunitytoexpand our for cultivating new fields, Businesses) In theInnovation Business(Overseas the appealofresort facilitiesaswell asotherinitiatives. We alsorespond totherapidly growing inbounddemandby addingto customers’ healthy life-span inacross-sectoral manner. of thecomingsuper-aging societyearly on, weprovide servicestoextend our the fieldsofleisure, health, andseniorlife. Asacompany thatbecame aware Our Wellness businessisaimedatproviding richmomentsandexperiences in their respective areas, includingtheGreater Shibuya Area. a widevariety ofurbandevelopment projects for maximizingthepotentialof business, whichisaimedatcreating bustlingtowns. We are implementing improve thevalue of Tokyo asaglobalcitythrough ourUrbanDevelopment While theglobalurbancompetitiongrows increasingly fierce, weworkto 10

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT URBAN DEVELOPMENT

Creating prosperous cities alive with people

Since the development of Den-en-chofu, on which we worked in a pioneering manner to create an ideal town, we have been constantly promoting urban development in harmony with nature by being attentive to the needs of towns and people. We provide offices that are friendly to workers and the environment, and commercial facilities as landmarks of towns, and operate the investment management business by making effective use of prime assets across Japan. Our urban development projects integrate these businesses. We work to create prosperous cities alive with people by envisioning towns that are attractive to the people who live there, work there, and have fun there. Tokyu Land Corporation will continue to take on challenges to continue creating ideal towns throughout the ages.

Development Commercial Investment in Tokyo Offices Facilities Management

11 12 13 Development Location: Dogenzaka, Shibuya-ku, Tokyo Floorspace: Approx. 58,970m2 that attracts peoplefrom all over theworldwithitswarm hospitality. facility thatsupportsvisitors, will alsobeintroduced here. This project aimstomake Shibuya atown Shibuya, suchasabus terminalwithanairportlimousinebusstationaswell asatouristsupport the lower and mid-level floors. Urban functions that enhance the international competitiveness of areas. High-grade offices are planned fortheupperfloors, and commercial facilities areplanned for on theformer siteof Tokyu PlazaShibuya, whichwas thewesterngateway toShibuya, andinadjacent Under the concept of a Adding totheappealofwesterngateway toShibuya withwarm hospitality Dogenzaka 1-chomeShibuya-station Front DistrictUrbanRedevelopment in Tokyo ,Warm redevelopment Japanfrom projects Dogenzaka1-chome are underway developing townsthataddtotheirappeal–thisiswhatoururbanredevelopment isall about. areas. Allowing all urbanresidents toleadprosperous everyday lives intheirownstylesand be greatest in100years, andtheurbanredevelopment oftheHamamatsucho& Takeshiba competitiveness through projects suchastheredevelopment projects inShibuya, saidto host city for the 2020 Olympic and Paralympic Games. We are working to improve its urban There hasbeenaheightenedinterest in Tokyo asaglobalcityfollowing itsselectionasthe Floors: B4F-18FCompletion:Autumn of FY2019(tentative)

246 Shibuya MarkCity

Inokashira Line SHIBUYA SHIBUYA Planning 109 Zone

Hachiko

West Exit West

Shibuya Sta. Shibuya

East Exit East

Fukutoshin Line Fukutoshin Yamanote Line Yamanote Rendering Rendering Completion: 2019(tentative) Floors: B1F-21F Floor space: Approx. 46,954m2 Tokyo Location: Dogenzaka, Shibuya-ku, Shibuya. develop companiesbornin offices andother facilities to also introduce incubation comfortable spaces. We will will provide workers with the roof floorandagreen terrace oneachfloor. Theopenofficebuilding 21 above-ground floors andonebasementfloor, witha green garden on Tokyu LandCorporation was located. The result will beabuildingwith including the Shin-Nampeidai Tokyu Building, where the head office of building, which is ararity in Shibuya, by rebuilding four buildings The NampeidaiProject isaproject for creating alarge-scale office Constructing agreen, large-scale officebuildinginShibuya (tentative name) Nampeidai Project SHIBUYA

Den-en-toshi Line Planning Zone

Inokashira Line

246 SHIBUYA SHIBUYA 109 Cerulean Tower

Mark City Shibuya

Hachiko

West Exit West Shibuya Sta. Shibuya

Rendering

Yamanote Line Yamanote East Exit East Completion: FY2023(tentative) Floors: Floor space: Approx. 252,870m2 Location: Sakuragaoka-cho, Shibuya-ku, Tokyo childcare facilities. facilities, servicedapartments, and including internationalmedical global lifestyle supportfacilities addition, wewill alsodevelop to andfrom Shibuya Station. In will alsobeoffered inthisarea, whichprovides barrier-free access Spaces for commercial facilities and offices andcondominiums 2.6-hectare siteextending from thesouthwest area ofShibuya Station. required for living, working, andhaving funisunderway ona A redevelopment project for creating an area with all the elements and havingfun A fulfilling area withall theelements required forliving, working, District Redevelopment Shibuya StationSakuragaoka Exit Opening: 2020(tentative) Floors: DistrictAB2F-39F Floor space: Approx. 200,000m 2 Location: , Minato-ku, Tokyo to be approximately 200,000m2 the overall facilitiesisplanned manner. The totalfloorarea of be establishedinanintegrated Metropolitan Government will trade centerrunby the Tokyo facilities thatnurture thecontentindustryinJapanandan development strategy promoted by thegovernment. Private sector project undertheNationalStrategic SpecialZones, anurban international businesshub. This project isdesignatedasaspecific In theHamamatsucho& Takeshiba districts, weare developing an unequaled intheworld Aiming todevelop aninternationalbusinesshubthatis (tentative name) Takeshiba UrbanRedevelopment Project District C:4F District B:B2F-32F B4F-37F District A: TAKESHIBA

.

Sta. Daimon Daimon

Yamanote Line Inokashira Line

Expressway Tokyo Metropolitan Kaigan DoriSt./ Hamamatsucho Sta. 246 Kyu Shiba

SHIBUYA Dori St. Dori

Garden Takeshiba Takeshiba Rikyu 109 Cerulean Tower Mark City Shibuya Hachiko Planning Planning Zone

Zone

Shiki Theatre Exit West

Takeshiba Sta. Sta. Shibuya

Y

u

r

i

k

East Exit East

a Rendering

m

Fukutoshin Line Fukutoshin o

m

Yamanote Line Yamanote

e

Pier Takeshiba L i n e 14

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 15 Actions forsmiles building smiles to cleanuptheareas around buildings. office buildings. Wealsotake partin regularactivities in which beekeeping is performed on the roofs of communities. Oneexample is theMitsubachi Project, We carry outactivitiestodeepenourtieswithlocal local communities Activities forcontributingto Offices many different modesofworking, helping tenantssucceedintheirbusinesses. fifth Business-Airport officein .with Theseworkspacesoffernewstylescompatible Aoyama, , Tokyo, andMarunouchi. In December 2017, we are planning to open the and thepromotion ofdiversity. We currently operate Business-Airport atfour locations in Tokyo: social needsofcompanies, suchasthedesire toboost theproductivity ofbusiness professionals Business-Airport is a collection of membership satellite offices that we created in response tothe Membership satellite offices:Business-Airport requires, includingsafety, basic functionsabuilding Offices offered by Tokyu LandCorporation We promise toofferthe security, andcomfort. Support employees' needsthroughout thebuildings. business conceptofbuildingsmiles, weofferhighqualityofficebuildingsthat reflectsthe that anofficespace represents anotherlivingspacetothepeoplewhoworkthere. Underthe The officeiswhere business professionals spendmostoftheir day. Forthis reason, webelieve tenants by listeningtotheir feedback andconsidering We deepentieswithour Connect their needs. newsletter. for ourtenants, andtheOFFICEtoinformation that offers information aboutcourtesy services information through OFFICEtoCLUB, awebsite We provide officeworkers withcourtesy courtesy services Information and to create comfortable spacesthatenergize people. buildings more environmentally friendly. Ouraimis of greenery. The useofnatural energy alsomakes sunlight, feel the wind, and take in refreshing views People feel enrichedwhenthey are abletobaskin the wind, andgreenery Spatial designsthatuselight, of value thatgoesbeyond We provide agreat range basic functions. Color Business-Airport Roppongi Fire Stationandachieve solidresults. firefighting competition organized byShibuya disasters. Every year, weparticipateina keep disaster suppliesinpreparation for In addition to monitoring daily security, we when disasterstrikes Business continuity offices weoperate. our properties, andensure thecomfort ofthe in order tomaintain and improve thevalue of We are alsocommittedtotraining ourstaff power ofourpeople Eyes, enthusiasm, and Rendering enjoy thevistasoffour seasons. tenants, providing themwithaplacewhere they can rooftop, there isaroof garden thatisopenonly to that can be used for a variety of purposes. On the setting. The topfloorhasa6-meter-wide terrace themselves orholdmeetingsinamore natural office workers with places where they can refresh both sidesofeachfloor. Thesebalconiesprovide feature of thisbuildingisthesetofbalconieson premium sitealongAoyama DoriStreet. The greatest The Shin-Aoyama Tokyu Buildingislocated ona Offices thatgenerate ideasandsmiles Shin-Aoyama TokyuBuilding

Completion: January2015 Floors: B1F-11F Floor space: Approx. 9,691m2 Location: MinamiAoyama, Minato-ku, Tokyo Chiyoda Line Chiyoda

Omotesando Sta. Completion: May 2017 Floors: B4F-21F Floor space: Approx. 67,000m2 Location: Uchisaiwaicho, Chiyoda-ku, Tokyo their communication. productivity ofofficeworkers andimproving Hibiya Parkfront isaimedatboostingthe are designinganewJapaneseworkstyle, Green Work StyleProject, through whichwe As thefirst property establishedwithinour sense ofcomfort they wouldfindinapark. building hasgreenery throughout itsinterior spaces, providing peoplewiththe is features inapremium location adjacenttoHibiya Park. The concept ofthebuilding We have establishedthishigh-grade officebuildingwiththelatest environmental Designing aJapaneseworkstylewithlushgreenery Hibiya Parkfront an officeinthepark. InadditiontocommandingaviewofHibiya Park, theoffice Zenkoji Temple Aoyama Kitamachi Tokyu Building Shin-Aoyama Danchi

Ginza Line/Hanzomon Line

Aoyama Dori St. Sta. Hibiya Parkfront

Ginza Line Chiyoda Line

Uchisaiwaicho Sta. Uchisaiwaicho

Mita Line Mita Hibiya Dori St. Dori Hibiya Dori St. Sotobori Dori St. Kokkai 16

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 17 ◆ *Square metervalues inthetableindicate thetotalfloorarea ofeach. *Square List ofOfficeBuildings Minato-ku Chuo-ku Chiyoda-ku

Portfolio ofActivia Properties Inc. SQUARE Tamachi East Building CROSS PLACE Hamamatsucho Shiodome Building Hamamatsucho Square Luogo Shiodome A-PLACE Shimbashi CenterPlace Shimbashi TokyuBuilding A-PLACE Shinagawa Higashi A-PLACE Shinagawa Shinagawa East Shinagawa TokyuBuilding A-PLACE Aoyama A-FLAG KOTTO DORI Shin-Aoyama TokyuBuilding Spline Aoyama Tokyu Building Minamiaoyama TokyuBuilding St Luke’s Garden Tower Honcho Tokyu Building Clover Nihombashi Nihombashi Front Nihombashi Maruzen Tokyu Building Hitachi Transport System Building TLC Akasaka Building TokyuBuilding Sanban-cho TokyuBuilding Ichiban-cho TokyuBuilding Uchisaiwaicho TokyuBuilding Kasumigaseki Place Kasumigaseki TokyuBuilding Hibiya Parkfront ◆ ◆ ◆ ◆ ◆ ◆ ◆ Tamachi Sta. Tamachi Sta. Daimon Sta. Hamamatsucho Sta. Hamamatsucho Sta. Shimbashi Sta. Shimbashi Sta. Shimbashi Sta. Shimbashi Sta. Shinagawa Sta. Shinagawa Sta. Shinagawa Sta. Shinagawa Sta. Gaiemmae Sta. Omotesando Sta. Omotesando Sta. Gaiemmae Sta. Omotesando Sta. Sta. Mitsukoshi-mae Sta. Nihombashi Sta. Nihombashi Sta. Nihombashi Sta. Kyobashi Sta. Akasaka-mitsuke Sta. Ichigaya Sta. Hanzomon Sta. Hanzomon Sta. Shimbashi Sta. Tameike-sanno Sta. Tameike-sanno Sta. Uchisaiwaicho Sta. Approx. 7,520m2 Approx. 6,238m2 Approx. 12,999m2 Approx. 115,931m2 Approx. 23,947m2 Approx. 8,243m2 Approx. 7,144m2 Approx. 8,776m2 Approx. 15,070m2 Approx. 21,114m2 Approx. 3,938m2 Approx. 10,105m2 Approx. 20,592m2 Approx. 9,958m2 Approx. 3,358m2 Approx. 9,691m2 Approx. 7,501m2 Approx. 11,994m2 Approx. 100,713m2 Approx. 11,739m2 Approx. 1,127m2 Approx. 29,265m2 Approx. 17,474m2 Approx. 11,724m2 Approx. 51,492m2 Approx. 14,597m2 Approx. 13,766m2 Approx. 19,867m2 Approx. 14,376m2 Approx. 1,118m2 Approx. 19,191m2 Approx. 67,000m2 Osaka Area Metropolitan Tokyo Suburbs ofthe Bunkyo-ku Toshima-ku Setagaya-ku Shinagawa-ku Shibuya-ku Iwata TokyuBuilding TokyuBuilding Gate TowerUmeda Osaka Nakanoshima Building A-PLACE Kanayama Building Chiba TN Omiya MT Building Housquare Yokohama A-PLACE Bashamichi Mejirozaka ST Building A-PLACE Futako TamagawaRise Tower Office Futako Tamagawa RiseOffice A-PLACE GotandaEkimae A-PLACE Nishi Gotanda Tokyu Building TokyuBuilding Shin-Meguro TokyuBuilding TowerOsaki Wiz Ebisu EastBuilding Ebisu PrimeSquare Tower A-PLACE EbisuHigashi A-PLACE EbisuMinami TLC EbisuBuilding Unosawa TokyuBuilding Business TowerEbisu A-PLACE Nikko Shibuya NampeidaiBuilding Shibuya CenterPlace Shibuya Square B Shibuya Square A Shibuya Dogenzaka Tokyu Building Shibuya Place A-PLACE Shibuya Konnoh Shibuya Shin-minamiguchiBuilding Shibuya Minami Tokyu Building ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Ebisu Sta. Ebisu Sta. Ebisu Sta. Ebisu Sta. Yoyogi Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Shibuya Sta. Hommachi Sta. Shinsaibashi Sta. Sta. Yodoyabashi Sta. Kanayama Sta. Chiba Sta. Omiya Sta. Nakagawa Sta. Bashamichi Sta. Edogawabashi Sta. Ikebukuro Sta. Futako-Tamagawa Sta. Futako-Tamagawa Sta. Gotanda Sta. Gotanda Sta. Meguro Sta. Meguro Sta. Meguro Sta. Osaki Sta. Ebisu Sta. Ebisu Sta. Ebisu Sta. Approx. 12,168m2 Approx. 10,298m2 Approx. 17,038m2 Approx. 28,260m2 Approx. 4,202m2 Approx. 6,538m2 Approx. 7,293m2 Approx. 2,625m2 Approx. 9,999m2 Approx. 12,149m2 Approx. 4,445m2 Approx. 4,332m2 Approx. 9,014m2 Approx. 19,902m2 Approx. 6,785m 2 Approx. 10,878m2 Approx. 22,003m2 Approx. 34,249m2 Approx. 12,783m2 Approx. 20,590m2 Approx. 9,749m2 Approx. 24,809m2 Approx. 14,009m2 Approx. 5,240m2 Approx. 4,709m2 Approx. 157,016m2 Approx. 106,752m2 Approx. 5,961m2 Approx. 5,783m2 Approx. 4,150m2 Approx. 9,713m2 Approx. 22,369m2 Approx. 54,364m2 Approx. 6,139m2 Approx. 32,021m2 Approx. 5,321m2 social awareness environmental & the bestclass Properties with CO2 emissions. To date, atotalof17ourproperties have received theDBJ Green BuildingCertification. generations are required tomeet. For example, they offermeasures tocountertheheatislandphenomenon, andtohelp reduce Office buildingsdeveloped by Tokyu LandCorporation far exceed environmental standards thatofficebuildingsinthecoming DBJ Green BuildingCertification 15 9 3 stars 4 stars 5 stars 3 Square Hamamatsucho Tokyu Building Minamiaoyama Tokyu Building Spline Aoyama Properties withexcellent environmental &socialawareness Properties withexceptionally highenvironmental &socialawareness considerations (Green Building). recognize properties withenvironmental andsocial Development BankofJapanInc. (DBJ) inApril2011to DBJ Green BuildingCertification was established by 16 10 4 1 Tower Ebisu Business Building Shimbashi Tokyu Tokyu Building Shin-Aoyama *Plan certification (tentative name) (Office Building) Redevelopment Project Takeshiba Urban Rendering 17 11 5 2 Square Tower Ebisu Prime Tokyu Building Uchisaiwaicho Building Maruzen Tokyu Nihombashi *Plan certification Hibiya Parkfront 12 6 Tokyu Building Shibuya Minami Nihombashi Front The 23wards of Tokyo 13 7 1 Shibuya-ku 2 Building Honcho Tokyu Nihonbashi Tokyu Building Kasumigaseki 1 6 17 Shinagawa-ku 8 1 9 Minato-ku 10 3 Chiyoda-ku 1 2 1 15 14 4 8 1 7 4 5 Building Ichigaya Tokyu Tokyu Building Shin-Meguro Chuo-ku 6 1 3 18

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 19 Main Brands Always It’s You. Commercial Facilities Landmark Commercial Facilities Our Wish for BetterCityLiving Tokyu Plaza Always for you, Always withyou. AlwaysIt's You. With ourthoughtsinthesewords, wewill take thenext stepforward. Creating andnurturingtheplaces intowns thatyou can love. Conceiving ideasfrom perspectives ofyou whocome totown. the townsofwhichthey are thecenter. we have integrated ourfacilitieswithineachcommunityandcontributedtothedevelopment of we continuetocherishourapproach toMachi-Zukuri (communitydevelopment), through which facilities business by examining issues from the perspective of the customer. At the same time, a range of commercial facilities all over Japan. We will continue to operate our commercial and othertowns, blazinganewpathintheindustry. Sincethen, wehave developed andoperated In the1960s, webeganoperating Tokyu Plazaurbancommercial facilitiesinShibuya, Kamata, An UrbanShoppingComplex Suited to EachUniqueCommunity Q Plaza A Friendly ShoppingMall Seeking CloseLocal Ties Q’s Mall by Tokyu LandCorporation Shopping centers offered A DynamicShoppingComplex with All theMajorSpecialtyStores Market Square Location: Ginza, Chuo-ku, Tokyo Floorspace: Approx. 50,000m2 – onebefittingatown for adults–thatwill spread all over theworld. roof floorandotherenvironmental measures. Thebuildingwill continuetogive risetoanewlifestyle Environmental Green Evaluation System (SEGES) in 2016, in recognition of thewall greening of the new relaxing location for thepublic. The building was certifiedas an urbanoasisundertheSocialand class, trendy shops. Inaddition, anexpansive space is offered on thesixth floorand rooftop to create a Creative Japan: The worldbecomesexciting from here. The 13-story facility contains a variety ofhigh- We opened Tokyu Plaza Ginza in Ginza, the largest commercial area in Japan, under the concept of A newlandmarkthataddstotheappealofGinza, atownoftradition andinnovation Tokyu Plaza Ginza GINZA Floors: B5F-11FOpening:March 2016

Yamanote Line Hibiya Line Hibiya Tokyu Plaza Ginza

Yurakucho Sta. Yurakucho Mullion Crossing Sukiyabashi

Ginza Line Ginza Sta. Ginza Tokyo Expressway

Wako Sotobori Dori St. GATE GINZA MARRONNIER

Chuo Dori St. Mitsukoshi

Dori St. Dori Harumi Harumi 20

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 21 Location: Tamagawa, Setagaya-ku, Tokyo Opening:April2017 attractive lifestyles. area, thebuilding suggestswideroptionsfor enjoying daily life and property. With anewcategory ofrestaurants andfirst shopsinthe advantage oftherichnatural environment ofthearea around the open spacessuchastheterrace andawidedryarea by taking Under theconceptofexperiencing richspaceandtime, wecreated the Futako Tamagawa Rise Shopping Center and other facilities. at Futako Tamagawa, atown thatisbustlingduetotheopeningof We have openedthefourth commercial facilityoftheQPlazabrand ambience An urbancommercial facilitywithopenspacesand anorganic Q PlazaFutakotamagawa Q’s Mall BaseMorinomiya Tokyu PlazaOmotesandoHarajuku Q PlazaHarajuku (tentative name) Ikebukuro CinemaComplex Project 1-chome between categories. and cinemaswhere diverse cultures coexist beyond theboundaries thus create greater prosperity inIkebukuro, atown withmany theaters which will beamongthelargest inthe Tokyo Metropolitan Area. We will occupied by a cinema complex with 12 screens and approx. 2,500 seats, floor tothethird aboveground floor. Itsmid-level andupperfloors will be distinctive shops are planned for the lower floors, from the first basement Station. Commercial floors ofapprox. 1,000tsubo(approx. 3,305m2)for constructed onSunshineDoriStreet ontheEastExitsideofIkebukuro 9,917m2), whichwill beamongthelargest buildingsinthearea, will be A commercial building with a rentable area exceeding 3,000 tsubo (approx. One ofthelargest commercial buildingsintheIkebukuro EastExitArea Location: Higashi Ikebukuro, Toshima-ku, Tokyo Opening:FY2019(tentative) Futako Tamagawa RiseShopping Center Terrace Market Rendering Market Square Kawasaki East Rendering Nagata-ku 1 8 Setagaya-ku 9 10 Tokyo Hyogo 11 2 Shibuya-ku 3 Ota-ku 1 2 4 5 Takarazuka-shi 19 Yokohama /KawasakiSagamihara Minato-ku 7 Amagasaki-shi Chiyoda-ku 1 8 3 Kanagawa 6 1 2 4 0 1 5 Chuo-ku 1 6 1 Minoh-shi 1 7 2 Osaka 1 Kita-ku Abeno-ku 22 23 Chuo-ku 26 24 27 25 ◆ ◇ Major facilitiesintheKansaiArea Major facilitiesinthe Tokyo Metropolitan Area

20 19 18 05 04 03 02 01 27 26 25 24 23 22 21 17 16 15 14 13 12 11 10 09 08 07 06 Activia Properties Inc. Limited proprietary rightoflandisowned wholly orpartially by Owned wholly orpartially by Activia Properties Inc. Q’s Mall Amagasaki Market Square Nakayamadera Tokyu PlazaShinnagata Q PlazaEbisu Shibuya Beam Q PlazaHarajuku Tokyu PlazaOmotesandoHarajuku Tokyu PlazaGinza Ekimo Tennoji Q’s Mall Abeno Q PlazaShinsaibashi Ekimo Namba Q’s Mall BaseMorinomiya Ekimo Umeda Q’s Mall Minoh Market Square Sagamihara Market Square Kawasaki East Saclass Totsuka TokyuPlaza Totsuka Northport Mall Tokyu PlazaKamata Q PlazaFutakotamagawa Terrace Market Futako Tamagawa RiseShoppingCenter Futako Tamagawa RiseShoppingCenter Decks TokyoBeach Glassarea Aoyama Tokyu PlazaAkasaka ◇ ◆ ◇ ◇ ◇ ◇ Nakasuji, Takarazuka-shi Kobe-shi Wakamatsucho, Nagata-ku, Udagawacho, Shibuya-ku Jingumae, Shibuya-ku Jingumae, Shibuya-ku Ginza, Chuo-ku Osaka-shi Abenosuji, Abeno-ku, Osaka-shi Abenosuji, Abeno-ku, Osaka-shi Shinsaibashisuji, Chuo-ku, Namba, Chuo-ku, Osaka-shi Osaka-shi Morinomiyachuo, Chuo-ku, Osaka-shi Kakuda-cho, Kita-ku, Nishijuku, Minoh-shi Shioe, Amagasaki-shi Kawasaki-shi Fujimi, Kawasaki-ku, Yokohama-shi Tostukacho, Totsuka-ku, Yokohama-shi Tostukacho, Totsuka-ku, Yokohama-shi NakagawaChuo, Tsuzuki-ku, Nishi Kamata, Ota-ku Tamagawa, Setagaya-ku Tamagawa, Setagaya-ku Tamagawa, Setagaya-ku Daiba, Minato-ku Minami Aoyama, Minato-ku Nagatacho, Chiyoda-ku Ebisu, Shibuya-ku Sagamihara-shi Shimokuzawa, Chuo-ku,

22

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 23 Management the infrastructure industryasanewinvestment target. Corporation hasastake. Inadditiontoofficebuildings, commercial facilities, and residences, we are enhancingourinitiatives in by third parties, and management entrusted by specific purpose companies or special purpose companies in which Tokyu Land We respond todiverse investor needsinanumberofways, suchasthrough private placementfunds, managemententrusted Asset managementcompany: Tokyu LandCapitalManagementInc. Real estateprivate funds “ia” istheLatinword for “place.” Asset managementcompany: TLC REIT ManagementInc. Three REITs offered by Tokyu LandCorporation Investment Broad places Broad +ia Broadia Comfortable places Comfort +ia Comforia people Places whichactivate Activate +ia Activia and inspectionofequipment, cleaningmanagement, andsecurityservices. Building managementinvolves comprehensive management operations aimedatensuringthe safety ofbuildingoperations, suchasthemanagement handling themanagementandmaintenance ofbuildings. Property managementinvolves leasingmanagementoperations aimedatincreasing theassetvalue ofreal estatesuchasby attracting tenants and Holdings Group possesses. We aimtomaximizeinvestor value, takingadvantage ofthewidevariety ofassetsandcomprehensive supportsystem Tokyu Fudosan Comprehensive capabilities oftheGroup Facility Management PM /Facility Development Listed REIT Listed REIT placement Private REIT investment needs through initiatives suchastheinfrastructure industry. investment market. At thesametime, wewill continueresponding tothediversifying range of continue creating newinvestment opportunitiesasweworktofurtherrevitalize thereal estate major citiesacross thecountry, withthemajoritybeingin Tokyo Metropolitan Area. We will such asofficebuildings, commercial facilities, and residences. Theseassets are operated in We establishedourinvestment managementbusinessby makingeffective useofprimeassets Broadia Private REIT, Inc. Managing body Comforia Residential REIT, Inc Managing body Activia Properties Inc. Managing body Hotel Management PM Healthcare /LogisticfacilityHotel Others Housing Office building/Commercial / facility Major investment targets Healthcare Others Housing Major investment targets (Includes hoteltenants) Commercial facility Office building Major investment targets Senior HousingManagement TOKYU E-LIFE DESIGN Inc. DESIGN E-LIFE TOKYU PM /BM ・ ・ ・ ・ ・ Managed real estatedeveloped by TLC Managed real estatedeveloped by TLC andothers COMFORIAHigashi- StationFront, COMFORIAEsaka QPlazaEbisu, andothers ShiodomeBuilding Tokyu PlazaOmotesandoHarajuku Real EstateAgents Retail Sales -

stable power supply. social contributionthrough regional development and reinvestment business, wewill commitourselves to As ameasure for expansion of thescopecyclical rental housing, offices, andcommercial facilities. we expect growth potentialandstability, by targeting fund managementfor excellent properties, for which of ourexperience ofhaving continuedlong-term, stable including solarpower generation by takingadvantage We are operating renewable energy businesses, Renewable energy our comprehensive real estatedevelopment activities. experience andexpertise wehere cultivated through demand for efficientlogistics bytakingadvantage ofthe and Kasukabe-shi, Saitama. We will respond tosocial art warehousing specifications inKuwana-shi, Mie scale multi-tenantlogisticfacilitieswith state-of-the- currently proceeding withthedevelopment oflarge- logistic facilitydevelopment businessin2017. We are demand for advanced logisticfacilities. We entered the The expansion ofe-commerce hasresulted ingrowing Development oflogisticfacilities companies. by bringing together Group companies and external Tohoku by increasing thenumberofvisitors tothearea contribute torevitalizing theregional economy of airport on a concession basis. The Tokyu Group will Corporation. This isJapan’sfirst privatization ofan established by seven companies, including Tokyu to Tohoku for airtravelers. The company was jointly began operating the Sendai Airport as the gateway In July 2016, SendaiInternationalAirportCo., Ltd. Airport concession aggressively operate businesses in airports, logistic facilities, renewable energy plants, and others to expand our earnings power. Management Planfor 2017to2020, the Tokyu Fudosan HoldingsGroup targets theinfrastructure industryfor newinvestment. We In the Initiatives intheinfrastructure industry parks by Ishikatsu ExteriorInc. management, andoperation of Inc., andtheconstruction, facilities by Tokyu SportsOasis operation ofpublicsports Community Corporation, the of publicfacilitiesby Tokyu management andoperation all over Japan, includingthe We operate diverse businesses of theinfrastructure industry. of businessesineachdomain Group operates awiderange Tokyu Fudosan Holdings Group Businesses expansion of the scope of cyclical reinvestment business, which is one of our growth strategies under the Medium-Term ISHIKATSU EXTERIORINC. Solar powerplant(Kagawa) Kasukabe LogisticsCenter(tentative name) Sendai Airport(pierbuilding) - DaishiPark Management andoperation - PlanetariumoftheGotandaCultural Center (ECOPA Stadium) - Ogasayama Nature andSportsPark Stadium - YonettyOzenji Operation ofpublicsportsfacilities - Members’ Office BuildingoftheHouseCouncilors - Terminal buildingofKitakyushu Airport Public facilitiesmanagementandoperation - Futako Tamagawa Park Park construction Rendering Rendering Rendering (Kanagawa) (Kawasaki) (Shizuoka) andothers Solar powerplant(Nara) Kuwana Project (tentative name) (domestic arrival lobby, first floor) Sendai Airport andothers (Tokyo) andothers (Fukuoka) (Tokyo) andothers (Tokyo) Rendering Rendering 24

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT RESIDENTIAL

Shining a new light on housing

Our history goes back to the development of Den-en-chofu in 1923. We developed Daikanyama Tokyu Apartment in 1955, Japan's first luxury rental apartment complex for foreign nationals. All of the rooms were Western-style, which was rare at the time. We developed Tokyu Skyline in 1958, the industry’s first condominium. In each era, we have worked to develop innovative residences that are loved by people. Our aim is to appeal to the sensibilities of residents and make their lives beautiful, even in terms of quality. We will continue to propose outstanding residences and lifestyles, which become better with the passage of time, by responding to societal changes and listening to customer feedback.

Student Senior Condominiums Residences Residences Housing (Wellness)

S . e ls e ai pa et ges r d 35 and 36 fo

25 BRANZ Yonbancho 26 27 Condominiums for safety, lifelong use, andcomfort, wewill continueouruncompromising pursuit ofexcellence inhousingdevelopment. top qualitythroughout theirusefullives. With valuable designshandeddown over timeandourunique, rigorous qualitystandards BRANZ istoensure thefuture value ofbuildingsandtowns thatare filled withtruebeauty. We keep these residences andassets BRANZ represents theculminationofexperience andknowledge incomplex housingthatwehave developed. The aimof Housing thatrefines your life Condominiums andDetachedHousing:BRANZ Support for aBrilliant Life asIndividuals and Design EmbodyingSensibility − − Community Members

SUPPORT

DESIGN other changes. that caters totheneedsoftimes, reflecting theagingpopulation, diverse lifestyles, and renovated condominiums. We thereby promote thedevelopment ofhigh-qualityhousing we offerBRANZbrand condominiums, establishedin2006, andtheMAJESseriesof extensively Since the1950s, wehave developed for-sale housingthatisbeloved by customers. Currently, − −

Taking onChallenges inPursuit of Innovation-Oriented Quality − Unparalleled Homes −

QUALITY

VALUE − −

Location: Roppongi, Minato-ku, Tokyo Floors: B3F-27F/83units MAJES TOWERROPPONGI condominium buildingwithatruly highsenseofrare value duetoitslocation inthecenterof Tokyo. popular urbanareas in Tokyo. With MAJES, weofferacondominium featuring aprestigious designsuited for thelocality by fully renovating a this businesstoreflect thesocialimportanceof existing residential stockandthegrowing demand for pre-owned condominiumslocated in We operate abusinessofproviding upgraded andrenovated condominiumsthatsetsandusapartfrom ordinary renovations. We launched original product plan, from theunique perspective ofBRANZ. questionnaires, andvisitthehomesofcustomers. Byreferring tocustomers’ opinionsontheseactivities, weofferMEUP, our BRANZ VOICE isoneofourinitiatives for listeningtocustomerfeedback. For example, weholdgroup interviews, conduct BRANZ owners. Group, weofferafull range ofservicesto capabilities of Tokyu Fudosan Holdings services. Drawing upon the comprehensive after-sales services, avariety of courtesy need before they move intotheirnewhome, provide customers with the information they to widearray ofhospitalityandservice. We an owner of BRANZ, you will gain access The momentyou concludeacontract as BRANZ SUPPORT Recreating supreme residences inenviable locations Highly Renovated Condominiums:MAJES BRANZ VOICE (explanatory sessionfor prospective tenants) BRANZ Friendship Party further upgrade thelifestyles ofthepeoplewholive inBRANZresidences. sense ofbeautytothemovements ofusers. Selectelementsoffunctionalbeauty shapes thatenhancethedaily lives ofthepeople who live there andeven addsa capabilities ofBRANZ. Asaresult, weultimately discovered newsophisticated for daily life from a unique perspective, reflecting theknowledge and comprehensive customer needs. Drawing uponcustomerfeedback, weexamined theideal functions functional beautywithusabilityandsophistication, whichanticipatestheessenceof MEUP isouroriginalproduct plancreated from BRANZ VOICE. MEUPproposes MEUP: Functional beautythatenhancesyour daily life Location: Moto-, Minato-ku, Tokyo Floors: 3F-5F/41units MAJES MOTO-AZABU GARDENS

Tour ofcommunal areas for newowner ofBRANZ 28

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 29 BRANZ CITY Setagaya Nakamachi senior housingfacility. through Grancreer Setagaya Nakamachi, anannexed addition, multi-generational interactions are facilitated the widesiteishighly attractive topeopleraising kids. In residential districtinSetagaya-ku. The roomy spaceat approx. 33,000 m2site in a Category 1 low-rise exclusive An idealresidential complex hasbeencompletedatan to thenext generations andlifestylecontinuityfrom onegeneration Town development whichpromotes interaction between Floors: B1F-4F/252unitsCompletion:July 2017 Location: Nakamachi, Setagaya-ku, Tokyo ICHIBANCHO Floors: B1F-12F/56unitsCompletion:January2017 Location: Ichibancho, Chiyoda-ku, Tokyo the highest-class condominiumsthatweoffer. while alsopursuing vintagegenuinenessandtradition. Itisoneof meticulous attentiontodetails, suchaslightingandlandscaping, location. When creating theexterior andcommunalareas, wepaid BRANZ The HouseIchibanchowas completed inthisprime residential districts in Japan, Ichibancho has a special meaning. Among theaddresses intheBanchoarea, oneofthehighest-class Luxury condominiumataprimelocation inthecenterof Tokyo BRANZ The HouseIchibancho SETAGAYA NAKAMACHI Floors: B1F-5F/33unitsCompletion:December 2018(tentative) Location: Roppongi, Minato-ku, Tokyo Floors: B1F-26F/96unitsCompletion:February 2017 Location: Chuo-ku, -shi, Hokkaido BRANZ TOWER AimuSapporo OdoriKoen BRANZ TOWER UmedaNorth BRANZ Roppongi Iikura-Katamachi Floors: B1F-50F/653unitsCompletion:November 2019(tentative) Location: Kita-ku, Osaka-shi, Osaka Rendering Rendering BRANZ Futako-TamagawaBRANZ Terrace Floors: 1F-6F/79unitsCompletion:January2019(tentative) Location: Tamagawa,Setagaya-ku, Tokyo GOOD DESIGNAWARD large-scale condominium. shared facilitiesallocated inawell-planned mannerina Tenjinbashisuji 6-chome, whichfeatures awidevariety of with the green environment. Another is BRANZ CITY for anaffinitywithnature , abuildingthatresonates is BRANZCITY Kugahara, whichwedeveloped aiming for thebetter. InFY2017, four ofour projects won. One in recognition of“GoodDesigns”thatenhanceourlives which ishostedby JapanInstituteofDesignPromotion, to beselectedaswinners oftheGoodDesignAward, Condominiums by Tokyu LandCorporation have continued Floors: B1F-12F/278unitsCompletion:December 2016 Location: Unoki, Ota-ku, Tokyo BRANZ CITY Kugahara Completion: January2017 Floors: 1F-15F/420units Location: Kita-ku, Osaka-shi, Osaka 6-chome Tenjinbashisuji BRANZ CITY Rendering 30

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 31 Housing solutionsinresponse tochangingtimes living withasenseofsecurity. of thelocal residents, aimingtoallow all local residents tocontinue efforts, weprovide comfortable livingplaces in response totheneeds local preparedness bases and new communities. Through these redeveloping themintocommunity-based condominiums. We create We respond tothedemandreconstruct agingapartmenthousingby contribute tolocal communities, creating safe, secure towns. are theareas in Tokyo overcrowded withwoodenhouses. We promote redevelopment projects, bothtoimprove preparedness measures andto There are many areas thatneedtoberedeveloped, eithertoenhancepreparedness capacity ortorevitalize thelocal community. Typical examples response tolocal needs, suchastheredevelopment ofareas around stationsandthecreation ofcommunities. issues, weworktocomprehensively create value by involving towns andlocal areas. We revitalize towns by providing solutionsin People’s lifestyles changewiththetimes, resulting instrong demandfor newresidential concepts. To address diverse social Rendering oftheoverall redeveloped district Reconstruction projects Completion: January2015 Floors: B1F-17F/110units Location: Tamagawa,Setagaya-ku, Tokyo Futako Tamagawa BRANZ Completion: June2016 Floors: 17F/150units Kakogawa-shi, Hyogo Location: Kakogawa-cho, Kakogawa-eki-mae BRANZ Completion: December 2020(tentative) Floors: B2F-21F/253units Kanagawa Sakae-ku,Location: Yokohama-shi, Project District Redevelopment Second DistrictUrban Ofuna StationNorth

Redevelopment projects wall greening. We also focus our efforts on eco-friendly measures such as roof and condominiums intheworldwhichENEFARM hasbeenintroduced. smart condominiumsthatsave on energy andcosts, andthefirst by the Ministry of Economy, Trade and Industry as Smart Mansions, We develop state-of-the-art condominiums, suchasthosecertified Considerations fortheenvironment and energy conservation Completion: September 2015 Floors: B1F-18F/356units Location: Katsushima, Shinagawa-ku, Tokyo Katsushima BRANZ CITY Shinagawa Completion: January2014 Floors: B1F-31F/360units Kawaguchi-shi, Saitama Location: Kanayama-cho, Kawaguchi Gate TowerSouth Completion: January2013 Floors: B2F-42F/689units Location: Ohashi, Meguro-ku, Tokyo Air TowerCross

Residences Residences Completion: March 2017 Floors: 1F-15F/192units Location: Hiroshiba-cho, Suita-shi, Osaka acquisition ofproperties, tomanagementandoperation oftheresidences, inagroup-wide manner. Center, a Tokyu Fudosan HoldingsGroup company, weprovide servicesranging from thedevelopment ofstudentresidences and and anincreasing rate ofstudentswhoreceive agraduate education. Working togetherwithNationalStudentsInformation the times, reflecting theincreasing rate ofwomenwho receive highereducation, growing numberofinternationalstudents, We entered thebusinessofdeveloping studentresidences in2017, to cater tothehousing needsthatcontinuetochangewith Floors: 1F-6F/167unitsCompletion:January2018 (tentative) Location: Nagasaki, Toshima-ku, Tokyo Shiinamachi CAMPUS VILLAGE COMFORIA Esaka (valuable time), Quality(highqualityfeeling), Safety (aplacefor peaceofmind), andService(attentiontothefeelings ofresidents). more than just containers. They offerahighlevels ofcomfort that exceeds expectations withthe four advantages ofLocation suitable for peoplewhoenjoy free, prosperous lifestyles inurbanareas, were created basedontheconceptthatresidences are COMFORIA isaseriesofurbanrental residences produced by Tokyu LandCorporation. These leasedresidences, whichare Student secure livingenvironment forstudentsasthe future leaders ofsociety. Residences thatpropose amodernstudentlifestyleandsafe CAMPUS VILLAGE For asuperiorlevel oflivingcomfort Urban Rental Residences: COMFORIA Completion: March 2017 Floors: B1F-12F/99units Location: Shinjuku, Shinjuku-ku, Front COMFORIA Higashi-Shinjuku Rendering COMFORIA Shibuya WestCOMFORIA Completion: October2015 Floors: B1F-14F/123units Location: , Meguro-ku, Tokyo Floors: 1F-8F/232unitsCompletion:January2019 (tentative) Location: Shimo, Kita-ku, Tokyo ProjectKita-ku (tentative name) Shimo3-chome Completion: January2012 Floors: B1F-32F/761units Location: Shinjuku, Shinjuku-ku, COMFORIA Shinjuku Eastside (Annex: 1F-4F) Rendering 32

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT WELLNESS Providing rich time and experiences

In Japan, a super-aging society, expectations have increased for the health and longevity industry. Our wellness business covers a wide range of fields including leisure, senior living, and health. As a comprehensive wellness business operator, we aim to help each generation to live vibrantly in their own style while creating diverse Urban Contracted Senior Life Resorts Fitness Welfare business opportunities through inter-domain cooperation. By taking advantage of our various facilities and Hotels Services services, we encourage healthy lifestyles, provide residences where senior citizens can live with a sense of security, and promote other measures for creating rich times and rich experiences.

33 34 35 Location: Midori-ku, Yokohama-shi, Kanagawa Completionandopening:FY2019 (tentative) to promote interactions betweenresidents andvisitors. senior housing. We will alsodeepencommonarea management supermarket, andotherfacilities, inadditiontocondominiums and we will develop ahomecare servicesoffice, anursery, asmall Development. Intheplanningzonethatconsistsoftwodistricts, city government of Yokohama, Tokyu Corporation, Urban andNTT of thelargest jointdevelopment projects inMidori-ku withthe At Tokaichiba, Midori-ku, Yokohama-shi, weare workingonone Aiming tocreate asustainabletown solutions thatconnectall generations andmake them smile. business domains, wepromote inter-domain collaborations toprovide with adecliningbirthrate? Bytakingadvantage ofourwiderange of generation asvalues becomediversified andthepopulationages What lifestyles andtown development will bedemandedby thenext Condominiums andseniorhousing Tokaichiba Project Senior Life SETAGAYA NAKAMACHI BRANZ CITY Setagaya Nakamachi of seniorhousing. our experience and expertise developed asthe pioneer comprehensive developer inthefield with residents by helpingthemtocreate richtimesandnewways oflivinghappily basedon each person tolive intheirownstyle, regardless oftheirage. We continueto move forward safe, comfortablelives ofseniorcitizens. At thecore oftheseactivitiesisourdesire toenable Through thedevelopment oftownsandhousing, weprovide comprehensive supportforthe Location: Nakamachi, Setagaya-ku, Tokyo Completionandopening:2017 town where many generations can continue to live comfortably with a sense of security. functions for several generations ofresidents. Here wepursue thecreation ofanideal Community Plaza, ashared facilitythatisopentothelocal community, hassupport between generations andlifestylecontinuityfrom onegeneration tothenext, the facility. Planned under the theme of Nakamachi, acondominium, andGrancreer Setagaya Nakamachi, aseniorhousing The project is a joint development project for the construction of BRANZ CITY Setagaya Creating anideallifestyle Setagaya Nakamachi Project town developmentwhichpromotes interaction Grancreer Setagaya Nakamachi Rendering (including theperiodfor demolition) * Fixed-term leasehold:UntilFebruary 28, 2061 Land: Leased* (including theperiodfor demolition) * Fixed-term leasehold:UntilJanuary31, 2054 Land: Leased* with nursing care supportsoresidents can ageinplace. even thoughthey are private spaces, andcare residences offer senior residences that feature high-qualityservices business mission statement of Tokyu Fudosan Holdings Group. Remaining truetoour years of experience, and the extensive capabilities of the expertise inhousingdevelopment cultivated through many We have created Grancreer by takingadvantage ofthe Senior housing:Grancreer (including theperiodfor demolition) * Fixed-term leasehold:UntilJuly 31, 2088 Land: Leased* 13 1 9 5 Senior Housing Grancreer Aobadai 2-chome Care Residence Grancreer Seijo Senior Residence Grancreer Setagaya Nakamachi Grancreer Azamino Building: Ownedby theoperator Building: Ownedby theoperator Building: Ownedby theoperator My own style, foralltime, we

14 10 6 2 Grancreer Seijo Building: Leased Land: Notowned by theoperator Grancare Azamino Grancreer Utsukushigaoka Building: Leased Land: Leased Creer Residence Sakuradai

Line Den-en-toshi Tokyu Subway Green Line Green Subway Municipal Yokohama 8 Aobadai 15 11 7 3 9 10 Building: Leased Land: Notowned by theoperator Grancreer Bajikoen Building: Leased Land: Notowned by theoperator Care Residence Grancreer Fujigaoka Grancreer CenterMinami Building: Leased Land: Notowned by theoperator 16 Senior Residence Grancreer Fujigaoka Fujigaoka 11 15 Subway Blue Line Blue Subway Municipal Yokohama 7 Azamino 5 14 Center Minami Tama-Plaza 6 Keio Inokashira Line Inokashira Keio Seijogakuen-mae Tokyu Oimachi Line Oimachi Tokyu Tamagawa (including theperiodfor demolition) * Fixed-term leasehold:UntilFebruary 28, 2061 Land: Leased* Futako- 16 4 2 8 12 Assisted-Living 13 Yoga Care Residence Grancreer Aobadai 2-chome Lifenix Takaido Building: Ownedby theoperator Land: Leased Grancreer Aobadai Care Residence Grancreer Setagaya Nakamachi Building: Leased Land: Notowned by theoperator 1 3 12 Sakurashinmachi 4 Takaido Building: Ownedby theoperator Odakyu Odawara Line Odawara Odakyu JR Yamanote Line Yamanote JR Shibuya Hanzomon Line Hanzomon Metro Tokyo Shinjuku

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OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 37 Location: Kyoto-shi, Kyoto Opening: 2014 Tokyu Harvest ClubKyoto Takagamine & VIALA nationwide. They enjoy atotalofapproximately 24,000members. each region. The facilitiesare hotelsfor members only, andare available at24locations a variety ofresort businessesthattake advantage oftherichnatural environment of of owning aresort villaandthecomfortofstayingatahotel. Sincethen, wehave operated Tokyu Harvest Clubwas launchedin Tateshina in1988, basedontheconceptofpleasure Membership resort hotels: Tokyu Harvest Club Resorts global needsandimproving thelevel ofsatisfactionourguestsinJapan. featuring regional characteristics. Bytakingadvantage ofourstrengths, weare catering to and othercountries, weare workingtoeffectively highlighttheappealofJapanese resorts strategies. Asacompany thatoperates adiverse range offacilitiesatleadingresorts inJapan on the demand from inbound tourists as a tourism-based country is one of Japan’s growth In lightofthesignificant increase inoverseas visitors toJapanin recent years, capitalizing Location: Atami-shi, Shizuoka Opening:2013 Tokyu Harvest ClubAtami Izusan& VIALA Rendering Location: Kitasaku-gun, Nagano Opening:July 2018(tentative) way toenjoy Karuizawa. facilities, andtheGreen Field, alushgreen openspace. The resort offers anew public bathingarea withanopen-airbath, anindoorswimmingpool, three dining such asaloungewithanopenceilingthatprovides aviewofMt. Asama, alarge In this5-hectare openspace, wewill establishavariety ofcommonfacilities, for awidevariety ofactivitiesthatcommandsapanoramic viewofMt. Asama. resort areas in Japan. It will be located next to Karuizawa Taliesin, a resort hotel A newHarvest Clubwill beopenedinKaruizawa, oneofthemostwell-established Many openspacesthatoffernew ways toenjoyKaruizawa Tokyu Harvest ClubKaruizawa & VIALA Location: Kobe-shi, Hyogo Opening: 2010 Tokyu Harvest ClubArimaRokusai & VIALA Rendering project, wewill addvalue inthearea. of thearea andthebeautifulnature. Through this presence takingadvantage ofthecharacteristics world, weare creating auniquehotelwithstrong provide hospitality to customers from all over the one oftheHyatt brands, tooperate thishotel. To the westcoast. We have contracted Hyatt Regency, most sought-after resort destination, Onnason, on We are constructingalarge resort hotel inOkinawa’s in cooperation withthelocal community Development ofaforeign-affiliated luxuryhotel Hyatt Regency Seragaki IslandOkinawa Location: Republic ofPalau Opening: 1984 water bungalows inMicronesia. to customerneeds, for example, by introducing thefirst years ofhistory. We addtothehotel's appealby catering Pacific Resort, aluxury resort hotel, boasts more than30 area andcontributetothe local community. OurPalau we have beenstrivingtoprotect theenvironment ofthis the UNESCO World Heritage List. For more than 40 years, ocean area, including the Rock Islands, was inscribed on We have along-established relationship withPalau, whose a stunningview A hotellocated ata World HeritageSitecommanding Palau Pacific Resort Overseas Resorts Resort Complexes Resort Hotels Opening: Summerof2018(tentative) Location: Onnason, Kunigami-gun, Okinawa Rendering Location: Chino-shi, NaganoOpening:1978 value onatouchofclass. adventure. We actively provide newserviceswhileplacing introducing newleisure facilitiessuchasglampingandforest this facilityundertheconceptofMorigurashi response toneedsatthetime. In2017, wepartially renovated resort, hotels, andotherfacilitiesonthis664-hectare sitein mid-1970s, weopenedcountryhouses, agolfcourse, aski Tokyu Resort Town Tateshina boasts a long history. In the people toenjoy playing, staying, andeatinginthesameplace, Among ourmultipleall-in-one resort complexes thatallow An experience-based newresort life TokyuResort Town Tateshina (living inaforest), Rendering 38

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT Ski Resorts We operate ski resorts at nine locations across Japan, operating all but one of them ourselves. such as NISEKO Mt. RESORT Grand HIRAFU. These resorts can be enjoyed by anyone, and offer a nice variety of facilities and a choice of courses. They can also be used as summer resorts for a wide range of activities. URBAN DEVELOPMENT Grandeco Snow Resort (Ura Bandai) Tangram Ski Circus (Madarao) Tambara Ski Park Ski Jam Katsuyama

Golf Courses Our golf courses have a 40-year history, stretching back to 1975 when the Oita Tokyu Golf Club was opened. NISEKO Mt. RESORT Grand HIRAFU Currently, we operate a variety of golf courses, taking advantage of the natural terrain at 23 locations across Adding to the appeal of the Niseko brand Japan (including three facilities for which operation is outsourced). We provide optimal services for individual The Niseko area in Hokkaido is globally known for its international ski resorts customers with various golfing needs. that boast the first powder snow. We have been involved in the development of resorts in Niseko since 1985. In recent years, we have been promoting the appeal of the area to people all over the world through our experience-based resorts, where visitors can enjoy themselves year-round. For example, we highlight the appeal of Niseko as a summer retreat, in addition to a ski resort. We will continue contributing to the development of Niseko by capitalizing on

the growing demands of inbound tourists. RESIDENTIAL

Location: Kutchan-cho, Abuta-gun, Hokkaido Opening: 1961 Nasu Kokusai Country Club Kiminomori Golf Club Asakura Golf Club Arita Tokyu Golf Club

Tokyu Harvest Club Resort Hotels Overseas Resorts Golf Courses Ski Resorts

01 Tokyu Harvest Club Karuizawa & VIALA 26 Hyatt Regency Seragaki Island Okinawa 38 Palau Pacific Resort 01 Nasu Kokusai Country Club 01 NISEKO Mt. RESORT Grand HIRAFU (scheduled to open in July 2018) (scheduled to open in Summer of 2018) 02 Itakura Golf Course ◆ 02 Grandeco Snow Resort (Ura Bandai)

02 Tokyu Harvest Club Urabandai Grandeco 27 Hotel NISEKO Alpen Palau 03 Tsukuba Tokyu Golf Club 03 Hunter Mountain Shiobara 03 Tokyu Harvest Club Nasu 28 Hotel Grandeco (Urabandai) 04 Sashima Country Club 04 Mt. JEANS Nasu 38 04 Tokyu Harvest Club Nasu Retreat 29 Hotel Tangram Madarao 05 Summit Golf Club ◆ 05 Tambara Ski Park 05 Tokyu Harvest Club Kinugawa 30 Tateshina Tokyu Hotel 27 06 Omigawa Tokyu Golf Club 06 Tangram Ski Circus (Madarao) 01

06 Tokyu Harvest Club Madarao 07 Shibayama Golf Club 07 Tateshina Tokyu Skiing Area WELLNESS WELLNESS

07 Tokyu Harvest Club Kyu-karuizawa Resort Complexes 08 Kiminomori Golf Club 08 Fujimi PANORAMA Resort ◆

08 Tokyu Harvest Club Kyu-karuizawa Annex 31 Tokyu Nasu Resorts 09 Otakijo Golf Club 09 Ski Jam Katsuyama 09 Tokyu Harvest Club Tateshina 32 Madarao Tokyu Resort 10 Katsuura Tokyu Golf Course

10 Tokyu Harvest Club Tateshina Annex 33 Tokyu Resort Town Tateshina 11 Asakura Golf Club 06 29 32 16 06 11 Tokyu Harvest Club Tateshina Resort 34 Tokyu Resort Town Katsuura 12 Tsurumai Country Club

12 Tokyu Harvest Club Katsuura 35 Amagi Tokyu Resort 01 07 08 13 Kawasaki Kokusai Ikuta-Ryokuchi Golf Course ◆ 15

13 Tokyu Harvest Club Hakone Myojindai 36 Tokyu Resort Town Hamanako 09 10 11 30 33 14 Tateshina Tokyu Golf Course 14 07

14 Tokyu Harvest Club Hakone Koshien 37 Katsuyama Tokyu Resort 15 Mochizuki Tokyu Golf Club 02 01 04 02 28 15 Tokyu Harvest Club VIALA Hakone Hisui 16 Madarao Tokyu Golf Club 04 37 22 03 04 31 16 Tokyu Harvest Club Atami Izusan & VIALA 17 Amagi Kougen Golf Course 03 05 05 05 20 19 09 17 Tokyu Harvest Club Ito 18 Kansai Country Club 02 03 26 18 Tokyu Harvest Club Amagi Kogen 19 19 Yoshikawa Country Club 13 23 24 18 19 Tokyu Harvest Club Yamanakako Mount Fuji 20 12 34 20 Miki Yokawa Country Club 06 20 Tokyu Harvest Club Shizunami Kaigan 21 Arita Tokyu Golf Club 21 25 13 14 15 12 07 21 Tokyu Harvest Club Hamanako 22 Oita Tokyu Golf Club 22 23 09 08 22 Tokyu Harvest Club Ski Jam Katsuyama 18 35 16 23 Aso Tokyu Golf Club (Closed for business) 08 17 10 11 23 Tokyu Harvest Club Kyoto Takagamine & VIALA 21 36 17 OVERSEAS BUSINESSES

24 Tokyu Harvest Club Arima Rokusai & VIALA ◆ Facility whose operation is outsourced to 25 Tokyu Harvest Club Nanki Tanabe Tokyu Resort Service Co., Ltd.

39 40 41 locomotive syndrome andmeasurement ofphysical fitness, whichare given by JuntendoUniversity. services, suchastheindustry’sfirst useofwearable devicesinswimmingpools, andorganized seminars ontheprevention of the provision ofOASIS LINK, ahealthmanagementappoffered atall ofourclubs, aswell astheplanninganddevelopment ofICT supporting healthy living. We promote awidevariety ofactivitiesthatcontributetoextending healthy life expectancy, including Remaining truetoitscorporate message, Where peopleandmomentsshine, Tokyu SportsOasisaimstobethetopcompany Where peopleandmoments shine List of Tokyu SportsOasisClubs(37clubs) Fitness Region Kanto We provide richexperiences tocustomers, capitalizing on thestrengths ofouraffiliates, includingtheirmanagement capabilities. Our Wellnessaffiliates Kanagawa Saitama Tokyo Resort Facility Management Fitness ClubManagement Fitness: Tokyu SportsOasis from full-scale exercise tocompleterelaxation. Kansai region. We provide We operate Tokyu SportsOasis, ourmembers-only fitnessclubs, mainly inthe Tokyo metropolitan area andthe Yokosuka Club Totsuka Club Kohoku Club Musashi-Kosugi Club Hon-Atsugi Club Urawa 24Plus Kawaguchi Club Minami-Koshigaya Club Minami-Osawa 24Plus Musashi-Koganei Club Yukigaya Club Tamagawa Club St Luke’s Garden Club Honkomagome Club Kanamachi 24Plus Akatsuka 24Plus Jujo Club Aoyama Club Shinjuku 24Plus RAFEEL Ebisu Health SalonforAdults Women-Only 30-minuteHealthandBeautyClass Region Kansai Region Kanto Region Kanto healthy lifestyles Resort Property SalesandBrokerage TOKYU RESORT CORPORATION Hiroshima Hyogo Osaka Kyoto Tokyo Kanagawa Contracted WelfareServices Hiroshima Club Club Sumiyoshi Club Sayama Club Tsurugaoka 24Plus Abeno Club Shinsaibashi WEST24Plus Shinsaibashi EAST 24Plus Umeda Club Ibaraki 24Plus Esaka 24Plus Morinomiya Q'sMall Club Suminodo 24Plus Katsuragawa Club Rakutive Akabane Fit Azamino Fit Aobadai and cater to customer needs with a variety of programs ranging TOKYU E-LIFE DESIGN Inc. DESIGN E-LIFE TOKYU Senior HousingManagement Hotel Management thereby contributing torevitalizing companies, andeventually, society. health andproductivity management, welfare, andmarketing, ithelpseachperson tolive happilyand with asenseofsecurity, Ewel, Inc. provides essentialservices asanoutsourcer ofwelfare services. Byproviding solutionsindiverse settings, including From Tokyu Stay Kyoto Ryogaemachi-Dori (two hotels), andFukuoka by 2018. first hoteloutsideof Tokyo. We plantoopenhotelsin Kyoto (twohotels), Sapporo Tokyo, openedinaprimelocation nearKabukiza Theatre. In2017, weopenedour who stayforonenightoralongtime. In2016, Tokyu Stay Ginza, our17thfacilityin kitchenettes, undertheconceptofahotelspacethatiscomfortableforguests is convenient for consecutive orextended stays, suchaswasher-dryer and Tokyu Stay provides all thecomforts ofhome. We provide equipmentthat List of Tokyu Stay Hotels(17existing hotelsand6plannedtobenewly opened) A hotelspacethatisahomeaway from home Contracted Hotels Services Urban (tentative name) Tokyu Stay Sapporo Odori (tentative name) Tokyu Stay Kyoto Shinkyogoku (tentative name) Tokyu Stay Hakata-Eki Minami (tentative name) Tokyu Stay Sapporo OdoriHigashi in front ofSengakuji Station TokyuStay Tokyu Stay Kyoto Ryogaemachi-Dori Hotels tobenewly opened Welfare desirable toessential services experiences for customers through theprovision oftotalwelfare solutions. meet theneedsofcompanies, employees, andsocietythrough Ewel, Inc. We strive tocreate more enrichedlife We provide welfare outsourcing services, medical examination agency services, andotheragencyservicesto Contracted Welfare Services:Ewel Urban Hotels: Tokyu Stay the rapidly growing demandfor accommodationsandsightseeingin central Tokyo. for inbound tourists. Aswehave seenthegreatest numberofforeign touristsinJapan, weare responding to We operate urban-style hotels, which can be used for many purposes, ranging from business to sightseeing, Rendering Winter of2018 Autumn of2018 Summer of2018 Spring of2018 February 2018 November 2017 Opening (tentative) TokyuStay Takanawa Shinjuku Area Ikebukuro and Nihombashi Area Ginza and Rendering Tokyu Stay Suidobashi TokyuStay Tokyu Stay Ikebukuro Tokyu Stay Nishi-Shinjuku Tokyu Stay Shinjuku Tokyu Stay Monzen-Nakacho Tokyu Stay Nihombashi Tokyu Stay Shimbashi TokyuStay Tsukiji Tokyu Stay Ginza Tokyu Stay Sapporo OdoriHigashi Rendering Shinagawa Area Shibuya and Tokyu Stay Ginza Tokyu Stay Gotanda Tokyu Stay Kamata TokyuStay Yoga Tokyu Stay Meguro-Yutenji Shin-Minamiguchi Tokyu Stay Shibuya Tokyu Stay Shibuya Tokyu Stay Aoyama Premier 42

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 43 projects, and real estateinvestments. communities and theenvironment, with residential landdevelopment, redevelopment expanded our operations abroad, responding to local needs and contributing to local subsidiary inChina2007, followed by IndonesiaandtheUnitedStates in2012. We have strong reputation, supplying more than4,500detachedhomes. We established alocal first foray intoIndonesia, where wehave steadily developed over the years andbuilt a development inGuam, andbeganasurvey ofhotelsitesinPalau. In1975, wemade our Our Overseas Businesses started in 1973, when we first launched residential Expanding thereal estatebusinesstotheworld BUSINESSES OVERSEAS Indonesia The United Palau China States Location: New York Sitearea: Approx. 2,600m2Floors: B2F-47FUse:Offices andshopsCompletion: 2018(tentative) the U.S. Green BuildingCouncil. a building issettoobtainGoldlevel certificationrating system underLeadership(LEED), administered inEnergy andEnvironmentalby Design buildings, wetookthe environmental impactintoconsideration when thespecifications andequipmentofthebuildingwere designed. The Architecture Prize. Ahigh-grade officespacethat isappropriate for thelocation isbeing created. In responseto growing demand for green this isthefirst development newofficein50 years. The projecthasadoptedadesign by architectNorman Foster, winnerofthePritzker class business districts in the world. The planning zone faces Park Avenue, a premier avenue in the Plaza District. Because of strict regulations, A project for developing amulti-purposebuildingisunderway inthePlazaDistrictofManhattan, New York, renowned asoneofthehighest- The first development project on Park Avenue in 50 years 425 Park Avenue The United States specific projects asaninvestor. aggressively acquiring and developing offices andapartments, as well as by participatingin in LosAngeles, New York, Houston, andothercities. We have expanded ourbusinessby subsidiary. Working through thissubsidiary, wehave beenpromoting real estateinvestment than otherdeveloped countries. In2012, weestablished Tokyu LandUSCorporation, ourlocal The UnitedStatesboasts vast territory and apopulation that hasbeenrisingatahigherrate Rendering Rendering Rendering Rendering 44

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT 45 Completion: February 2016 Use: Condominium Total numberofunits:586 Location: SouthJakarta, Jakarta SpecialRegion Sitearea: 15,245m2 SETIABUDI SKY GARDEN Commencement of construction: August 2015 Use: Condominium Total numberofunits:Approx. 3,000(tentative) Location: BumiSerpong DamaiDistrictSitearea: Approx. 53,000m2 Expanding BRANZoverseas BRANZ BSD in harmony withthelocal environment andclimate. technologies, we will deliver comfortable, stylish residences that are the conceptofoverall district. Bymakingfull useofJapanese a totalof3,000units. We have adoptedTheLivingColors ofNature as overseas country. This isalarge-scale development project supplying are thefirst Japanesedeveloper to expand anin-housebrand toan a green area thatis25kilometers from thecenterofJakarta. We we have developed inJapan, has been underway in the BSD district, A project for developing acondominiumoftheBRANZbrand, which Indonesia — The first trial by aJapanesecompany for aforeign-affiliated developer. 2012. In2017, wewere chosenby BCIAsiaasoneofthe Top Ten Developers inIndonesia, afirst residences tothesepeople, weestablishedPT. Tokyu LandIndonesia, ourlocal subsidiary, in of wealthy residents thanks toitsremarkable economicdevelopment. To provide high-quality impressive reputation basedontrust. Inrecent years, Indonesiahasseenan emerging class in thecountrythosedays, westeadily continueddevelopment over theyears, andbuilt an We madeourfirst foray intoIndonesiain1975. Inspiteofunstablepoliticsandsocialuncertainty Rendering SAKURA REGENCY 3 BRANZ Simatupang Start ofsupply: August 2015 Use: Detachedhousesfor sale Total numberof units:467 Location: Bekasi, West Java Province Sitearea: 112,553m2 Commencement of construction: March 2016 Use: Condominium Total numberofunits:381(tentative) Location: SouthJakarta, Jakarta SpecialRegion Sitearea: Approx.15,000 m2 structure, afirst for Indonesia, wecreate newlifestyles toJakarta. also plan to introduce equipment made in Japan. Under this residents by harnessingtheexpertise ofJapanesecompanies. We Indonesia merge witheachother. We will improve traffic lines for our desire tomake thiscondominiumaplacewhere Japanand management. We adoptedwater asthedesignconcept, reflecting are responsible for development, construction, design, salesand and thecenterofcity. Inthisproject, Japanesecompanies South Jakarta, whichoffers easyaccesstotheinternationalairport We are developing acondominiuminthedistrictofSimatupang, in Aiming tomake newproposals withanallJapanstructure Rendering Rendering all Japan Business bases The UnitedStates Asia the Group companies have been working together to further enhance the presence of the Group in our overseas markets. Tokyu Fudosan HoldingsGroup Companiesundertake awiderange ofinitiatives inothercountries. To create more value, 1 Tokyu LandCorporation 5 1 6 09 07 1 1 10 2 4 08 1 3 1 1 Overseas BusinessExpansionofthe Tokyu Fudosan HoldingsGroup 04 Tokyu Livable, Inc. 05 01 03 0 2 06 Tokyu Hands, Inc. 1 7 a lifestyle culture for customers through newoutletsinSingapore. The company appliestheexpertise ithasdeveloped inJapancreating invest intheJapanesereal estatemarket. company runsbusinessesthatseektoencourage thewealthy inAsiato From itsbasesinShanghai, HongKong, Taiwan, andSingapore, this assets intheUnitedStates, andfacilityoperation inChinaandPalau. including housingdevelopment inIndonesia, investment inmultiple The company operates businessesacross adiverse range ofdomains, 1 8 Taiwan China Palau Singapore States The United Indonesia Hong Kong Shanghai New York Los Angeles Jakarta 04 03 02 01 05 06 18 17 16 15 14 13 12 11 10 09 08 07 Tokyu Livable HongKong Branch a local subsidiary Tokyu Livable (Shanghai), Inc., apartment for Japanesenationals Operation of Towa Kogu, aserviced a local subsidiary Tokyu LandCorporation (Shanghai)Ltd., a local subsidiary Tokyu Livable (Taiwan), Inc. Palau Pacific Resort Redevelopment ofmulti-purpose building New York office ofthelocal subsidiary Office andrental housingbusiness a local subsidiary Tokyu LandUSCorporation, Serviced apartmentbusiness business Condominium anddetachedhousing a local subsidiary PT. Tokyu LandIndonesia, Tokyu HandsSuntecCityStore Tokyu HandsOrchard Store Tokyu HandsJurong EastStore Investment inOrangeTee HoldingsPteLtd. with OrangeTee.com Pte. Ltd. Business partnership 46

OVERSEAS BUSINESSES WELLNESS RESIDENTIAL URBAN DEVELOPMENT REAL ESTATE SOLUTIONS Major Affiliates As a comprehensive real estate company, Tokyu Land Corporation operates a broad range of businesses related to the living We operates a solution business that builds upon the expertise of our established real estate businesses. In an environment. The company responds to customer needs through a network of Group companies that are active across diverse business, such as custom home building, renovation, landscape gardening, fitness club operation, employee benefit outsourcing effort to pursue optimal solutions in the utilization and management of real estate, we seek to enhance the value services, investment management, and resort facility operation. of our customers’ assets through a range of real estate strategies that are essential to corporate management, including a corporate real estate (CRE) service, real estate appraisal, and the preparation of J-REIT data. Tokyu Homes Corporation Tokyu Sports Oasis Inc. Ishikatsu Exterior Inc. Established: 1991 Established: 1985 Established: 1972

This company is a comprehensive housing This company operates membership fitness This company boasts a total engineering solution provider that undertakes the clubs mainly in the Tokyo Metropolitan Area system that integrates artisan techniques CRE consulting services construction of new buildings, renovation, and Kansai Area. with planning and design capabilities. interior finishing, housing care, and other businesses. We provide consulting services geared towards the optimal asset structure of corporate real estate (such as head office buildings, sales and production bases, welfare facilities, and idle land plots). Real estate held by companies is classified from the managerial and financial perspective to enhance their value, improve property management, reduce real estate management cost, and implement other measures. We provide one-stop solutions to create new corporate value, drawing upon the real estate expertise in Ewel, Inc. TLC REIT Management Inc. Tokyu Land Capital Management Established: 2000 Established: 2009 Inc. real estate business that we have developed over the years and the comprehensive capabilities of Tokyu Fudosan Holdings Group. (Former TLC Comforia Investment Management Inc.) Established: 2007

As an employee benefits outsourcer, This This company was founded to manage The company manages privately placed company provides consistent solutions three REITs within Tokyu Fudosan Holdings funds of diverse asset types and operates Proposals of CRE Optimization of in consulting, system construction, Group. Under the new organizational Broadia Private REIT, Inc., a privately placed owned real estate strategies by institutional operation, and individual structure, it can provide more effective REIT with a diversified portfolio. properties services. management. Tokyu Land Corporation Creating new Strategic Effective purchases corporate value utilization of and sales of real estate Tokyu Land SC Management Tokyu Stay Co., Ltd. Tokyu Resort Service Co., Ltd real estate Corporation Established: 1985 Established: 1979 Established: 2009

This company engages in operation, This company operates extended-stay This company is a general resort management, planning, and consulting hotels mainly in the Tokyo area. It responds management company that manages resort related to commercial facilities. to customer needs by providing services, facilities. It offers resort entertainment Real estate appraisal based on the concept of a hotel space that is proposals and creates opportunities for a home away from home. inspiring and exciting experiences. The rise in foreign investment in Japanese real estate has made it necessary to introduce global real estate appraisal standards within the Japanese market. We have been involved in real Tokyu Resort Corporation Tokyu E-Life Design Inc. PT. Tokyu Land Indonesia estate appraisal for over 50 years, ever we were registered as a Established: 1978 Established: 2003 Established: 2012 real estate appraiser in 1965. Taking advantage of the expertise we have acquired over the years, our real estate appraisers This company helps customers enjoy their This company manages and operates This company runs an urban real estate conduct consultations in a fair manner is rooted in a global resort life with new commissioned sales senior housing and fee-based assisted business that covers residential real estate and brokerage services for resort villas nursing homes, making use of its expertise sales, the leasing of owned property, perspective. and resort condominiums nationwide, in in housing development and facilities and the management and operation of addition to Tokyu Harvest Club membership operation. properties in Indonesia. resort hotels. J-REIT database system

TOREIT is the online database containing all properties owned Tokyu Land US Corporation Tokyu Land Corporation Established: 2012 (Shanghai) Ltd. by investment corporations listed on J-REIT. The system reflects Established: 2007 the views of developers and real estate appraisal, earning it high marks from various quarters as a user-friendly system. It has This company runs businesses in the United This company runs a real estate consulting been well-received by predominantly financial institutions, think States, including real estate development business in China. It is steadily expanding in and lease management businesses, focused this enormous market by applying the real tanks, real estate companies, and appraisers. on real estate investment. estate experience and expertise TLC has developed in Japan.

47 48 Holdings Structure

Tokyu Fudosan Holdings Group consists of Tokyu Fudosan Holdings Corporation, a holding company that was established in October 2013, six core operating companies (Tokyu Land Corporation, Tokyu Community Corporation, Tokyu Livable, Inc., Tokyu GROUP SLOGAN Hands, Inc., Tokyu Housing Lease Corporation, and National Students Information Center Co., Ltd.), and other consolidated subsidiaries. More than 20,000 employees from more than 100 Group companies work to create value in the Group.

Tokyu Fudosan Holdings Corporation

Tokyu Community Tokyu Housing Lease National Students Tokyu Land Corporation Tokyu Livable, Inc. Tokyu Hands, Inc. Corporation Corporation Information center Co., Ltd.

Tokyu Homes Corporation Community One Co., Ltd. Tokyu Livable Staff Hands Lab Inc. Tokyu Corporate Housing Nasic I Support Co., Ltd. Corporation Management Inc. Tokyu Sports Oasis Inc. Marimo Community Tokyu Hands Singapore Hokuwa Construction, Inc. Co. Ltd Livable Asset Pte. Ltd. Residential Partners Ishikatsu Exterior Inc. Sigma Japan Co., Ltd. Management Inc. Co., Ltd. TS Community Corp. Ewel, Inc. Homic Co., Ltd. Tokyu Livable (Shanghai), GROUP PHILOSOPHY Tokyu Bldg. Maintenance TLC REIT Management Inc. Inc. Nasic Educational Solution Shonan Community Co., Ltd. Tokyu Land Capital Tokyu Livable (Taiwan), Management Inc. Dai-Ichi Building Service Inc. We hold this philosophy in common as we work together Inc. Tokyu Land SC Management Corporation Yoga District Heating And to create and support the Tokyu Group. Cooling Co., Ltd. Tokyu Stay Co., Ltd. Tokyu Re・Design Tokyu Resort Service Corporation Co., Ltd Mission Statement: We will create a beautiful living environment, where each person can pursue TC Forum Corp. Tokyu Resort Corporation individual happiness in a harmonious society. Infield Co., Ltd. Tokyu E-Life Design Inc. Shindai-Byoin Parking PT. Tokyu Land Indonesia Service Management Policy: Work independently and in collaboration to raise Group synergy and establish Tokyu Land US a trusted and beloved brand. Corporation

and others • Meet current market expectations and develop new ones. • Manage in harmony with the natural environment. • Pursue innovative management from a global perspective. Segment • Value individuality and make the most of each person.

Urban Development Property Management Real Estate Agents Tokyu Hands Urban Development Urban Development Through these means, we will fulfill our corporate social responsibilities.

Residential Guidelines for Action: Fulfill your responsibilities. Collaborate to enhance each other’s abilities. Reinvent yourself with a global awareness. Wellness

Innovation Business As of October 1, 2017

COVER DESIGN The cover illustration of this report expresses the diverse business domains of Tokyu Land Corporation as a creator of cities and lifestyles. COMPANY INFORMATION Oedo Line BRANZ The House 425 Park Avenue Tokyu Plaza Ginza Ichibancho Trade Name Tokyu Land Corporation (Japanese name 東急不動産株式会社) Shibuya Redevelopment Hibiya Parkfront Aoyama Dori St. Headquarters TK Minami-Aoyama Building, 6-21,

Minami Aoyama 2-chome, Minato-ku, Tokyo Aoyama-ItchomeSta. ine n L Registered mo nzo 21-2, Dogenzaka 1-chome, Shibuya-ku, Tokyo Ha e/ headquarters address Lin Headquarters za Gin Established December 17, 1953

Capital ¥57,551,699,228 Gaienmae Sta. Overseas Urban Resorts Fitness Senior Life Development in Tokyo Commercial Oces Residential Businesses Hotels Facilities Employees 641 (as of April 1, 2017)

Access 2-minute walk from Aoyama-Itchome Station on Tokyo Metro Website Ginza Line, Hanzomon Line, and Toei Oedo Line Corporate Website Edited and published by: Public Relations Office, Planning Policy Department, Tokyu Land Corporation

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