Improvement of Portfolio in Leasing Business

Moving forward, we will continue to promote the development of mixed-use facilities and acquisition of property in and along Tokyu Lines.

Real Estate Leading Area*1 TOKYU EBITDA*1

(Unit: 1,000 m2) (Billion yen) 1,600 1.6 Approx. 1,410,000 m2 50 2.3 times 41.0 Other 1,200 240 40 times Approx. 880,000 m2 30 800 160 810 Commerce 20 17.8 400 580 10 360 Offices 0 140 0 *2 End of2011 FY2011年度 FY2019 FY2011FY2011 FY2019FY2019 (results)(result)*2*2 (results)(result) *1: The Company’s portion *2: Before opening of

15 As of March 31, 2020 Total Floor Space of Major Properties Past Development Track Record 2 Project name Total floor area (m ) (Leasing Business) 1 Queen's Square Yokohama 496,386 ※1※3

2 Futako Tamagawa Rise 293,108 ※1※3

SHIBUYA SCRAMBLE 3 181,000 ※1※3 SQUARE(East building)

4 Shibuya Hikarie 144,546 ※1※3

SHIBUYA SCRAMBLE Tama Plaza Terrace Shibuya Hikarie* Shibuya Mark City* * SQUARE(East building)* 5 Shibuya Mark City 138,620 ※1※3 October, 2010 April, 2012 March, 2001 February, 2000 September, 2018 November, 2019

6 SHIBUYA STREAM 116,000 ※1※3 Chuo-rinkan Saginuma Mizonokuchi Futako-tamagawa Shibuya

7 Cerulean Tower 104,154 ※2※3 Minami-machida Tama-plaza Yoga ※1※2 8 Setagaya Business Square 94,374 ※3

9 Tokyu Capitol Tower 87,428 ※3

10 Carrot Tower 77,754 ※1※3

Futako Tamagawa Rise* Tokyu Saginuma Building PhaseⅠ; November, 2010 Setagaya Business Square* Nagatacho September, 1978 PhaseⅡ; June, 2015 September, 1993 Meguro

Musashi-kosugi Yokohama Hiyoshi Kamata Oimachi Minatomirai Haneda Airport Queen's Square Yokohama* Motomachi- June, 1997 Chukagai *Property sectionally owned or co-owned Musashi Kosugi Tokyu JR Tokyu Meguro Tokyu Capitol Tower with other company Square*April, 2013 Building* March, 2002 July, 2010

*1 Property sectionally owned or co-owned with other company *2 Property belonging to our consolidated SPC *3 Property's total area, including areas used for other purposes 16 Overview of SHIBUYA SCRAMBLE SQUARE Phase I (East Bldg.)

Overview of Building

 Site area: approx. 15,300 m2  Primary uses: Offices, stores, observation facility, (entire station area) parking, etc.  Floor area: approx. 181,000 m2  Size: 47 stories above ground and 7 basement levels  Height: approx. 230 m  Opening: November 2019

Observation Deck Facilities

One of Japan’s largest outdoor spaces (approx. 2,500 square meters) Highest in Shibuya: approx. 230 meters Viewing space that will provide a feeling of being in the sky

Offices High-quality offices covering a leasable area of approx. 73,000 sq. meters, one of the largest in the area around Phase I East Building Communication Facilities

Base for future collaboration where a variety of people will interact with each other to generate seeds that will in turn generate social value

Commerce Large commercial facilities with a store area of approx. 30,000 Commercial Facility Floor sq. meters

Phase II Phase II West Building Central Building

Outdoor Observation Deck Facilities, “SHIBUYA SKY” Logos and Images: Copyright Shibuya Station Area Kyodo Building operators

17 Effects of Shibuya Redevelopment

Greater convenience has been provided by improving accessibility of the urban core including the area around Shibuya Station, and visitor numbers have increased in connection with he expanded high-grade office floor area supplied.

Improved Accessibility Around Shibuya Station Impact for Tokyu’s Businesses  Vertical and horizontal movement around Shibuya Station has  Increase office floor area managed by Tokyu and vacancy rate become more convenient in Shibuya Ward Offering a steady supply of floor area to the Shibuya district in response to vigorous demand Urban Core Ped.traffic via deck (thousand Approx. m2) 8.43% 2 Station Ped.traffic 150,000 m 9% underground 150

100 5% Shibuya Scramble

Miyamasuzaka - Square 50 1%

East/Central / Dogenzaka Approx. 1.92% Shibuya West Tower Shibuya 20,000m2 Hikarie Fukuras Towards Shibuya 0 -3% Mark City

- 2012/3 2020/3 Ue Ue Shibuya ward verage vacancy rate of office Source: MIKI Tokyo Office Market Data

Ginza Transfer Line Concourse ■Shibuya Station (Toyoko Line / Den-en-toshi Line） Average daily passengers JR Lines Increase of approx. 110,000 passengers per day

JR 1st (10,000 Floor people) Approx. 1.21 million Concourse Approx. 1.1 million passengers 120 passengers

Den-en-toshi Toyoko Line 80 Line Fukutoshin Hanzomon Line Line 40

0 2012/3 2020/3 18 Shibuya in Around 2027

Before development Shibuya 2-Chome-17 District SHIBUYA STREAM Opening: FY2024(Plan) Opening: September 2018

Shibuya Hikarie Shibuya Station Sakuragaoka Exit Block* Opening: April 2012 Completion: FY2023(Plan)

SHIBUYA SCRAMBLE SQUARE East building Opening: November 2019

SHIBUYA SCRAMBLE SQUARE Central building・West building Opening: FY2027(Plan) Shibuya FUKURAS* Opening: November 2019 Hachiko Square Shibuya Mark City * Tokyu Land Corp. participates in an association

Images: Copyright Shibuya Area Management 19 Greater SHIBUYA (Wider SHIBUYA Area) Plan

Define Greater SHIBUYA as the area within a radius of 2.5 km of Shibuya Station and promote urban development as an area instead of as a point, to enhance the attractiveness of Shibuya and sustain growth.

Greater SHIBUYA Area within radius of 2.5 km Major real estate property list from Shibuya Station New National Shibuya Cast Open on Stadium April 28, 2017

Shibuya Scramble Square (Former Shibuya Station District) Yoyogi Park Harajuku Open in November 2019 and 2027 Aoyama NHK Omote- Shibuya Fukuras sando (Former Dogenzaka 1- Shibuya Hikarie chome Ekimae District) Open on Shoto Complete in October 2019 April 26, 2012 The University of Aoyama Gakuin University Shibuya Station Tokyo Jissen Women's University Shibuya Bunkamura Kokugakuin University

Shibuya Stream Ikejiri Open on Noh Theatre Hiroo September 13, 2018 Daikan- yama University of the Sacred Heart Shibuya Solasta Shibuya Bridge Ebisu (Former Nanpeidai Naka- Project) Open on September 13, 2018 meguro Complete on March 29, 2019

Shibuya Station Sakuragaoka Exit District Complete in FY2023

We actively generate business opportunities with a large-scale redevelopment x creative content industry x city tourism x accumulation of fascinating resources.

20 Redevelopment of the Area Around Shibuya Station (Plan view)

・An urban core that will make it convenient to move up and down in Shibuya, whose terrain is shaped like a mortar ・The urban core is a vertical space that is open to streets and moves people from basement levels and decks to floors above ground. Elevators and escalators connect multi-layered urban structures.

SHIBUYA SCRAMBLE SQUARE East building Shibuya Hikarie

SHIBUYA SCRAMBLE SQUARE Central/West building

Shibuya Hikarie (1) JR Line ticket gate Ginza Line (1) ticket gates (2)

1Ｆ

渋谷川

Ｂ3Ｆ

Ticket gates of the Toyoko Line and Fukutoshin Line on the Shibuya Hikarie side

Ｂ5Ｆ Urban Core

Illustration of an area around the future East Exit Urban Core SHIBUYA SCRAMBLE SQUARE(2)

Images: Copyright SHIBUYA SCRAMBLE SQUARE

21 Status of Property Ownership Around Shibuya Station ● SHIBUYA CAST* As of March 31,2020 Apr. 2017 ／ 34,981㎡ ● Bunkamura ● : Owned by Tokyu Corp. or its subsidiary ● : Owned by Tokyu REIT Sep. 1989 ／ 31,990m2 ● MAGNET by SHIBUYA109* Primary uses Oct. 1987 ／ 11,780m2 - Office – Shops - Apartments ● : Planned project ● Tokyu Department Store HONTEN Completion ／ Total floor area ● Shibuya Sumitomo Shintaku bldg. 2 ● Shibuya 2-Chome-17 * Property sectionally owned or co-owned (Flagship store)* Nov. 1967 ／ 61,460m ,etc. June 1962 ／ 3,270m2 District* with other company 2 FY2024 (plan)／44,560m ● TOKYU REIT Shibuya Udagawa-cho Primary uses 2 Fukutoshin Line Square July 1998 ／ 1,530m - Office – Shops - Parking etc. ● QFRONT JR Line Tokyo Metro Oct. 1999 ／ 6,690m2 Hanzomon Line ● cocoti ● KALEIDO Shibuya Miyamasuzaka ● SHIBUYA 109* Mar. 1979 ／ 16,290m2 Sep. 2004 ／ 11,850m2 Jan. 1992 ／ 4,475m2 Tokyo Metro ● TK Shibuya Higashiguchi bldg. ● Shibuya Mark City* Ginza Line Feb. 1966 ／ 1,480m2 Feb. 2000 ／ 138,620m2 Den-en-toshi Line SHIBUYA SCRAMBLE SQUARE Primary uses - Commercial facilities ● Shibuya Takugin bldg.* ● Shibuya Nichiei bldg. (Shibuya Station Block) Jan. 1983 ／ 4,820m2 Apr. 1985 ／ 2,120m2 - Office - Shibuya Excel Hotel Tokyu ● Shibuya Kyowa bldg.* ● Towa Miyamasuzaka Bldg. 2 2 ● Top Hill Namiki bldg. Sep. 1980 ／ 8,500m Feb. 1988 ／ 1,150m May 1989 ／ 1,068m2 Route 246 ● Shibuya Hikarie* Apr. 2012 ／ 144,550m2 ● Cerulean Tower 2 Primary uses Mar. 2001 ／ 105,950m Toyoko Line - Office - Tokyu Theatre Orb Primary uses - ShinQs - Hikarie Hall Meiji Street - Nohgakudo (Noh theater) ● Shibuya Higashiguchi bldg.* ● East Shibuya bldg. 2 2 - Office - Cerulean Tower Tokyu Hotel Jan. 1980 ／ 17,040m Mar.1985 ／ 1,650m ● Shibuya 2-chome bldg.* ● Takizawa bldg. JR Line ● Tokyu Nampeidai-cho bldg. Feb. 1971 ／ 1,770m2 Jan. 1982 ／ 1,101m2 July. 1992 ／ 7,000m2 500m ● TOKYU REIT Shibuya R bldg. ● Tokyu Sakuragaoka-cho bldg. 2 June. 1987 ／ 6,500m2 Mar. 1990 ／ 7,290m ● 100BANCHI Sep. 1976 ／ 1,056m2 ● SHIBUYA STREAM* ● SHIBUYA SCRAMBLE SQUARE ●Phase I (East Bldg.) Sep. 2018 ／ 116,000㎡ （Shibuya Station Block*） Nov.2019／ 181,000m2 ● Sakuragaoka Cherry Garden 2 Primary uses FY2027 (plan) ／ 276,000m2 Aug. 1981 ／ 3,415m - Office – Hall - Shops ● SHIBUYA BRIDGE - SHIBUYA STREAM Primary uses Excel Hotel Tokyu - Office - Shops Sep. 2018 ／ 5,642㎡ - Parking etc. - Observation facility - Parking etc. ● LOG ROAD DAIKANYAMA Apr. 2015 ／ 3,200m2

Map : MarketAnalyzer (Giken Shoji International Co., Ltd.), GSI website（https://www.gsi.go.jp/kikakuchousei/kikakuchousei40182.html ） 22 Office Market of Shibuya Area

Source: MIKI Tokyo Office Market Data Average vacancy rate of office Shibuya Five central wards of Tokyo （unit：%） 6 Vacancy Rate March 2020 1 Chuo-ku 1.14 % 4 3.03 2 Chiyoda-ku 1.33 % 1.92 3 Shinjuku-ku 1.64 % 2 4 Minato-ku 1.70 % 1.52 1.5 5 Shibuya-ku 1.92 % 0

Average rent of office

Shibuya Five central wards of Tokyo （unit：yen） 26,000 Rent of Office March 2020 25,000 1 Shibuya-ku 25,425 yen 24,000 23,000 2 Chiyoda-ku 24,470 yen 22,000 3 Minato-ku 23,090 yen 21,000 4 Chuo-ku 20,196 yen 20,000 5 Shinjuku-ku 19,986 yen 19,000

23 Effects of Futako-Tamagawa Redevelopment

New functions added by redevelopment Expansion of the Company's Business Office Hotel Cinema Complex ■Futako-Tamagawa Rise SC Tenant sales 45.0 (Unit : billion yen) 40.0 Exceeded 35.0 40.0billion yen 30.0

25.0 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 ■Average number of passengers using (Unit : Thousand people) Futako-Tamagawa Station a day Effects on the town 180 163 ■Increase in population 160 Increase of 60,000 (within a 1 km radius of Futako-Tamagawa Station) 140 people (58.2%) Increase of approx. 5.0％ 120 103 April 2015 April 2020 100 43,312 people 45,289 people 2010/3 2011/3 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 ■Office area ■Rise in land price (Property's total area, including areas (Unit : Thousand square meters) co-owned with other company) (price at a point 200 ｍ from Futako-Tamagawa Station) 90 Rise of approx. 59.2％ 70 Approx. 80,000㎡ If the land price in 159.2 50 January 2015 is 100 in January 2020 30

10 2012/3 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 24 Effects of Minami-machida Grandberry Park Opening

An increase in visitors from a wide area was seen in connection with the opening of Minami-machida Grandberry Park.

Expanded trading zone Effects of the Opening of In addition to the core trading zone within a 10-km radius of Minami-machida Grandberry Park the location, visitors within a 20-km zone were strategically  Visitor data one month after the opening of Minami-machida targeted Grandberry Park (based on the number of passengers passing through ticket gates) Year-on-Year Station Name Train Lines Change Hachioji Nagatsuta JR Yokohama Line 299% increase

Chuo-Rinkan Odakyu Enoshima Line 250% increase Futako Machida Tamagawa Mizonokuchi JR Nambu Line 252% increase Kawasaki Shibuya JR / Keio / Tokyo Metro Lines 152% increase

Minami- To Haneda Machida Airport  Comparison of Visitor Numbers Associated with Redevelopment (One-month Comparison) Yokohama Approx. 1.94 Ebina (10,000 people) million visitors 200 (Nov. 2019) 10 km ≈ 30 minutes by car 354% increase 150 Fujisawa Approx. 540,000 20 km ≈ 100 60 minutes visitors by car (Nov. 2015) 50

0 Grandberry Mall Grandberry Park 25 Future Development Plans

Tokyu Corporation will continue to steadily develop Shibuya, areas served by Tokyu Area and other sites based on its growth strategy.

イメージ Shinjuku TOKYU MILANO Shin-tsunashima station District Shibuya 2-Chome-17 District Redevelopment Plan Urban Redevelopment Project Type 1 Urban Redevelopment Project Type 1

Site area: Approx. 4,600 m2 Site area: Approx. 3,890 m2 Site area: Approx. 3,460 m2 Floor area: Approx. 88,000 m2 Floor area: Approx. 37,560 m2 Floor area: Approx. 44,560 m2 No. of Floors: 48 aboveground floors, 1 No. of Floors: 29 aboveground floors, 2 No. of Floors: 23 aboveground floors, 2 penthouse, 5 basement levels basement level basement levels Height: Approx. 225 meters Height: Approx. 100 m (high-rise Height: Approx. 120 m Uses: Accommodation facility, section) Uses: Offices, shops, parking theater, cinema complex, Uses: Apartments, public facilities, facilities, etc. shops, etc. shops, etc. Opening: FY2024 (planned) Opening: FY2022 (planned) Opening: FY2023 (planned)

* is participating in the project * Tokyu Corporation is participating in the project as a consortium member as a consortium member 26 Development of Suburban Areas along Den-en-Toshi Line We aim for the sustainable development of the suburban areas along the Den-en Toshi Line in cooperation with governments, including the Yokohama City government and Kawasaki City government.

Yokohama City Kawasaki City

Den-en-toshi Line

Chuo-Rinkan Fujigaoka Tama-plaza Saginuma Shibuya

Fujigaoka Tama-plaza Saginuma

Partners: Yokohama City, Showa University Partners: Yokoyama City Partners: Kawasaki City Promoting the integrated development of Promoting tangible and intangible initiatives aimed Promoting a redevelopment project to facilities in front of the station, a hospital, at implementing work functions in suburban create a regional hub in front of the station and a park residential areas with a view to lateral development (The Miyamae Ward office and other public toward train lines with Tama-plaza as a model functions will move into the area) district

Set up of satellite office Hosting a seminar on CO-NIWA Tama-plaza starting a local Redevelopment conceptual image (inside DRESSER WISE business as a second Tama-plaza) career, etc. Illustration of the development

27 Utilizing Railroad Facilities Effectively As of March 31, 2020

Use of space under elevated Station premises, close to station (etomo) Utilization of railway premises railways Operating etomo facilities, community-based retail Actively using space that has been created Attracting restaurants having outstanding facilities directly connected to the station; aiming to after railways moved underground to enhance features and developing service functions, attract people to the station and the town the attractiveness of areas along Tokyu lines including nurseries, necessary for the town • etomo Chuo-Rinkan • LOG ROAD DAIKANYAMA • Underneath Naka-meguro Station • etomo Jiyugaoka , etc. • Trainchi Jiyugaoka • Underneath Ikegami Line Gotanda Station • GAKUDAI KOUKASHITA , etc. 12 facilities, 151 shops 2 facilities, 18 shops

Elevated railways

Moved Station premises, underground Use of space under elevated railways close to station (etomo) Utilization of railway premises

Nurseries and after-school day-care beneath elevated railways

Actively promoting the development of child-care facilities, etc. underneath elevated railways close to stations to realize the concept of “The most popular rail service areas in Japan for living: Areas served by Tokyu’s railway lines”

28 Relocation related Facilities As of March 31, 2020 Rental apartment business Senior residences business Other businesses

Development of three brands to meet Living environments of high quality that Tokyu Consultation service facilities in front of diverse lifestyle needs Group has developed through its services for stations to solve residence-related STYLIO – High-quality, close to the senior citizens in the areas served by Tokyu problems station lines (senior residences with services, nursing (Concierge of Residence and Living) STYLIO With – Community-based rental care services) properties Major facilities STYLIO X – conceptual rental properties Major facilities • Meguro • Tokyu Welina Ookayama Major Properties • Tama Plaza - STYLIO Shinagawa Oi Park Front • Ohana Tama Plaza - STYLIO Kajigaya - STYLIO With Kamiikedai Welina: 2 facilities 232 (units) 5 facilities Welina Care: 3 facilities 189 (units) Total: 30 facilities and 1,214 rooms Ohana: 10 facilities 459 (capacity)

STYLIO Shinagawa Oi Park Front Tokyu Welina Ookayama Concierge of Residence and Living Meguro 29 Real Estate Business Vietnam

Export an urban development package to fastgrowing Vietnam, leveraging our expertise cultivated in the Tokyu Tama Den-en-toshi area.

Binh Duong  Execution entity Province Urban development in Becamex Tokyu Co., Ltd. Binh Duong (2012 Established) Binh Duong New City  Location Route 13 Vietnam, Binh Duong Province, “Binh Duong New City” (Project area: approx. 110 hectare) Thu Dau  Mot City Profile of Binh Duong Province, Vietnam - Located 30 km north of the center of Ho Chi Minh City, Binh Duong Province is one of the key economic zonesin of Vietnam - The government of Binh Duong Province is proactive in Moonlight promoting business, and Binh Duong Province is one of the leading economic growth sectors in the country. Residences - With an influx of Japanese and other foreign companies into the industrial parks in recent years, the area is noted for its development potential  Overview of Binh Duong New City - Total development area: approx. 1,000 hectare Ho Chi Minh City - Development amalgamating government, industry, academia, housing and leisure © OpenStreetMap contributors - Aiming at population of 125,000 people  Status of Binh Duong New City Development (completed) (including development by other companies) Real Estate Sales and Management in Ho Chi Minh １ Binh Duong Province Administration Center ■Real Estate Sales ２ Becamex Hotel In Ho Chi Minh City etc , the Company ３ Head office of Becamex IDC participated in the joint project for ４ Convention and exhibition hall condominiums with the local developer. ５ Binh Duong Province Fire Department ■Real Estate Management ６ Binh Duong TV Established a comprehensive real estate management company jointly with ７ South Korea’s Chamber of Commerce and Industry Tokyu Community Corp. in March 2019, entrusting this company with ８ Social Insurance Bureau of Binh Duong management of offices, commercial ９ Binh Duong Development Investment Fund/ bank facilities, etc.

30 Urban Development in Binh Duong New City Condominiums for sale, Detached house commercial facilities Condominiums for sale

Name: HARUKA terrace Name: SORA gardens Ⅱ HARUKA residence Name: MIDORI PARK The VIEW 2 Total no. of residential units: 557 Total no. of residential units: 604 Building area: approx. 300 m – Building area: Building area: Total no. of residential units: 134 approx. 55 m2 –101 m2 approx. 35 m2 –102 m2 (phase Ⅰ – Ⅲ ) Start of sales: April 2019 Start of sales: September 2018 Start of sales: January 2020(phase Ⅲ)

Commercial Facilities Commercial Facilities Bus

Name: hikari Name: KAZE SHUTTLE Name: MIDORI PARK SQUARE Shop floor area: approx. 1,600 ㎡ Bus Services: total 6 lines , 11 routes Shop floor area: approx. 460 m2 No. of plots: 14 units Nearby commercial facilities shuttle bus No. of plots: 3 units Opening date: January 2015 Opening date: commenced full-scale Opening date: October 2019 (Plan to expand at the end of 2020) operation as of December 2014 31 Residential Business in Thailand

Dwellings built for sale in Bangkok Bangkok (Dwellings for sale business) ■ Overview of Business The Company is developing the dwellings for sale business in Bangkok in cooperation with the local major developer. ■ Project Implementing Body Three companies, including Siri TK One Company Limited, a joint venture. Sriracha (Dwellings for rent business) ■ Overview of Property

No. 1 No. 2 No. 3

The Base Name taka HAUS XT Ekkamai Sukhumvit 50

Number of 269 units 537 units 415 units Dwellings for rent offered to Japanese in Sriracha units ■ Overview of Sriracha Planned 2020 - Approximately 100 km southeast of Bangkok. 2019 2019 completion (plan) - Many Japanese companies have moved. One of the largest Japanese towns in the world. ■ Overview of Business - Supplying rental apartments to Japanese expatriates and their families as the main customers. ■ Project Implementing Body Saha Tokyu Corporation Co., Ltd. (Established in 2014) ■ Overview of Property 1.Name: HarmoniQ Residence Sriracha Number of units: 180 (2LDK: 122 m2, 3LDK: 122 m2 – 139 m2) Opening date: April 2016 2.Name: GREEN LIFE Sriracha Number of units: 75 (1BR: 51 m2, 2BR: 68 m2) Opening date: January 2020 Renewal open HarmoniQ Residence Sriracha taka HAUS in Bangkok

An environment in which families can live their lives safely and comfortably is provided. 32 Yanchep District Land Development in Western Australia Commence an employment promotion project (enticement of companies and education facilities, etc. and leasing and sale of plots), in addition to the ongoing development and sales business of residential land, in Yanchep located in the suburbs of Perth, the fourth largest city in Australia where population is growing. Local subsidiary ・Yanchep Sun City PTY.LTD. ・ST Andrews Private Estate PTY.LTD. Housing development joint venture Area being developed approx. 2,100 hectares (owned by Tokyu Corporation and its subsidiary) Northern Territory ■ Railway: Arrives within 11km to the south

■ Freeway: Arrives within 16 km to the south Western Australia Queensland ■ Main road: Opened in November 2008 ● Brisbane South Australia Yanchep Perth New South ● ● Wales ● Sydney Extension of Joondalup Line Adelaide ● Victoria Butler* ● Melbourne Joint project for urban development (facilities for Clarkson Marmion Avenue cooperation among industry, government and academia) （highway） Tasmania Progress and Future Plans Joondalup 1995: Signed an MOU with the government of Western Australia

Joondalup Line Mitchell 1999: Signed a Strategic Cooperation Agreement (SCA) with the (railway) Freeway government of Western Australia （highway） 2004: Entered a joint venture on the development of residential lots 2006: Launched a joint employment promotion project 2012: Shopping center opened by a local partner 2013: The joint venture on the development of residential lots was selected as the best project in all of Australia 10km Perth 2020: The government of Western Australia starts work on © OpenStreetMap contributors the extension of the railway to Yanchep Station. 2022: Yanchep Station is plan to open. 33