This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
Representative: Yoshihiro Takatsuka, Executive Director
www.ichigo-office.co.jp/en
Asset Management Company
Ichigo Investment Advisors Co., Ltd.
Representative: Hiroshi Iwai, President
Inquiries: Norio Nagamine, Head of Ichigo Office
Tel: +81-3-3502-4891
Ichigo Office Portfolio Occupancy (Flash Data) - February 2022
January
2022
February 2022
Difference
(Final:
A)
(Flash: B)
(B) - (A)
Total
95.8%
95.4%
-0.4%
By Asset
Office
96.8%
96.3%
-0.5%
Type
Other
69.6%
69.6%
-
Central Tokyo
96.0%
94.9%
-1.1%
Tokyo
Metropolitan
96.0%
96.2%
+0.2%
By Area
Area
Four Major
97.4%
97.3%
-0.1%
Regional Cities
Other Regional
93.0%
93.0%
-
Cities
No. of Assets
86
85
-1
No. of Tenants
934
924
-10
Leasable Area
264,709.07m2
264,000m2
Leased Area
253,663.78m2
251,800m2
Notes:
The above are unaudited month-end figures.
Leasable Area is the total area of space available for leasing, and may have small adjustments due to renovations or variations in rental contract terms.
Central Tokyo refers to Chiyoda, Minato, Chuo, Shinjuku, Shibuya, and Shinagawa Wards. Tokyo Metropolitan Area refers to Tokyo (excluding the six wards above), Kanagawa, Chiba, and Saitama Prefectures. Four Major Regional Cities refers to Osaka, Nagoya, Fukuoka, and Sapporo.
1
Explanation of Changes
Occupancy decreased for Office, Central Tokyo, and Four Major Regional Cities due to departing tenants at the Ichigo Kudan 3 Chome Building, Ichigo Kudan Building, and Ichigo Hakata Building, but increased for Tokyo Metropolitan Area due to a new tenant at the Ichigo Kawasaki Building.
The number of assets and leasable area decreased as a result of the February 18, 2022 sale of the Ichigo Akasaka 5 Chome Building. For details on the asset sale, please refer to the February 17, 2022 release "Sale of Portfolio Asset (Ichigo Akasaka 5 Chome Building)."
Value-Add Actions
As part of its ongoing efforts to increase tenant satisfaction and drive earnings via value-add capex, Ichigo Office recently completed renovation work of the common areas - including the elevator hall, hallway, and restrooms - at the Win Gotanda Building 2. Although there was a departing tenant, the renovation work has contributed to the successful lease-up of the vacant space.
Ichigo Office will continue to work to increase tenant satisfaction and the competitiveness of its assets to drive higher earnings for shareholders.
Win Gotanda Building 2
2
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Disclaimer
Ichigo Office REIT Investment Corporation published this content on 04 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2022 06:25:02 UTC.
Ichigo Office REIT Investment Corp is a real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Company mainly invests in office buildings in central Tokyo, other metropolitan areas and other major cities nationwide. Its property portfolio includes Ichigo Nishisando Building, Ichigo Mita Building, Ichigo Uchikanda Building, Ichigo Shin-Yokohama Building, Ichigo Nishi Ikebukuro Building, Ichigo Sakae Building, Ichigo Marunouchi Building, and among others. The asset manager of the Fund is Ichigo Investment Advisors Co Ltd.
ICHIGO OFFICE REIT INVESTMENT CORPORATION 
