Notice Concerning Acquisition of Property
February 10, 2011 Real Estate Investment Trust Unit Issuer: TOKYU REIT, Inc. 1-12-1, Dogenzaka, Shibuya-ku, Tokyo, 150-0043, Japan Masahiro Horie Executive Director (Securities Code: 8957) Investment Management Company: Tokyu Real Estate Investment Management Inc. Representative: Masahiro Horie Representative Director & President, Chief Executive Officer Inquiries: Yosuke Koi Senior Executive Officer, Chief Financial Officer & General Manager, Investor Relations TEL: +81-3-5428-5828 Notice Concerning Acquisition of Property TOKYU REIT, Inc. (“TOKYU REIT”) today announced that it has executed a purchase agreement in connection with the acquisition of real estate. Brief details are as follows. 1. Acquisition Details ① Type of Acquisition: Real estate ② Property Name: Tokyu Ginza 2-chome Building ③ Acquisition Price: ¥5,010,000,000 (Excluding acquisition-related costs, property tax, city planning tax and consumption tax) ④ Contract Day: February 10, 2011 (Thursday) ⑤ Scheduled Acquisition Day: February 15, 2011 (Tuesday) ⑥ Seller: Tokyu Corporation ⑦ Financing: Cash on hand 2. Rationale This property is an office building that meets TOKYU REIT’s fundamental investment and acquisition policies as outlined in its Articles of Incorporation, and the decision to undertake this acquisition was made in an aim to further enhance TOKYU REIT’s property portfolio. The Ginza area where the property is located is an area possessing a strong brand image, and boasts being one of the foremost flourishing commercial areas in Japan. Companies which value their brand image, such as apparel, advertisement and cosmetics companies, and offices of affiliated companies or business partners of major manufacturers located in Ginza, are concentrated there. Although the specific location of the property is slightly inferior in terms of volume of commercial activity in comparison to its surroundings, it is conceivable that it has a high level of appeal to companies which favor a Ginza address.
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