January 21, 2021 Press Team:

Developing Income-generating Real Estate by

Leveraging the Mitsubishi Corporation Group’s Overseas Network

Construction of the “Meguro-ku Aobadai Project” (Tentative Name) Begins

Mitsubishi Corporation Urban Development, Inc. (MCUD1) is pleased to announce that on January 21, 2021, construction began in Aobadai, Meguro-ku, Tokyo, on the “Meguro-ku Aobadai Project” (tentative name), a rental housing development project. This project will be developed as part of its PRE support2 for foreign clients. MCUD will continue to engage in the development business, in order to provide the market with quality income-generating real estate that 2 meets the needs of investors, by making full use of its CRE/PRE support , in addition to its development know-how regarding income-generating real estate, as well as the domestic and overseas networks and information capabilities of the Mitsubishi Corporation Group.

1: Headquarters: Chiyoda-ku, Tokyo; Representative: Hiroki Itokawa 2: PRE support: Support for the effective use of “Public Real Estate” CRE support: Support for the effective use of “Corporate Real Estate”

■ Overview of Development (1) Location The property is conveniently located within walking distance of Daikanyama Station on the Tokyu Toyoko Line, as well as Nakameguro Station on the Tokyu Toyoko Line and Tokyo Metro Hibiya Line. It is situated in one of Japan’s leading residential areas with a sophisticated streetscape unique to the Daikanyama area, and in a rare location that provides a concentration of facilities typifying the surrounding area. (2) Facility Plans The rental housing complex is for high-income earners with a total of 19 units, two stories above ground and four below, making the most of the characteristic slope on the southern side of the building, with the main approach retaining the rich natural scenery of the old Yamate Street. In addition, the facility will also have a concierge service and a fitness gym to add even more color and comfort to the lives of the residents. (3) Scheme MCUD proposed the effective use of the land by leveraging the unique overseas network of the Mitsubishi Corporation Group, which led to the commercialization of this project. After concluding a land lease agreement, MCUD will develop the rental housing complex as income-generating real estate.

Address Aobadai, Meguro-ku and Sarugakucho, Shibuya-ku, Tokyo

Access Tokyu Toyoko Line, approx. 5 minutes’ walk from Daikanyama Station Tokyu Toyoko Line and Tokyo Metro Hibiya Line, approx. 6 minutes’ walk from Nakameguro Station Site area Approx. 5,959.26m2 Total floor area Approx. 4,977.04m2

Structure/scale Reinforced concrete 2 floors above ground and 4 floors below ground, 19 units Design/construction TAISEI CORPORATION

Completion date January 2023 (scheduled)

Rendered Image of the Completed Building

Inquiries Mitsubishi Corporation Urban Development Inc. Corporate Planning Dept., Public Relations TEL: 03-6212-0610