Characteristics of One REIT
1Portfolio focusing on the category of Middle-sized Office as the core investment target
One REIT will invest in Middle-sized Office(*1), for which the market scale of buildings is relatively large and hold abundant acquisition opportunity as well as those in which stable rental demand is expected over the medium to long term and that are capable of sufficiently utilizing the knowledge and experience of the asset management company as the core investment target with an aim to secure stable profits and achieve steady growth of assets under management over the medium to long term.
|(*1)||“Middle-sized Office” refers to office buildings whose total floor area is within the range of 3,300 m2 (approximately 1,000 tsubos) to 33,000 m2 (approximately 10,000 tsubos).
Middle-sized: neither very large nor very small（from LONGMAN dictionary of contemporary English）
2Pursuing essential values (location x specifications) of real estate
One REIT believes that the essential values of real estate are based mostly on “location” and “building specifications” and will invest in carefully selected properties situated at locations with high tenant needs. In addition, we will maintain and enhance the specifications of real estate over the long term with the motto of “creation of buildings chosen by tenants.”
(1) Careful selection of location by setting core investment target area
From the viewpoint of regional diversification, One REIT focuses investments in the Tokyo metropolitan area(*2), including also ordinance-designated cities or their equivalent(*3) in its investment target. We aim to conduct investments focusing on location through careful selection of investment area by setting the core investment target area and sufficiently considering convenience, etc. for tenants even in the evaluation of the location of individual properties.
|(*2)||Tokyo metropolitan area refers to the prefectures of Tokyo, Kanagawa, Saitama and Chiba.|
|(*3)||“Ordinance-designated cities or their equivalent” collectively refers to ordinance-designated cities (ordinance-designated cities located outside the Tokyo metropolitan area) and core regional cities equivalent to ordinance-designated cities (non-ordinance-designated cities that are location to a prefectural government and located outside the Tokyo metropolitan area or their equivalent).|
(2) Creation of appropriate added value for tenants and unitholders with “building specifications responding to tenant needs”
One REIT will pursue “safety,” “comfortability” and “convenience” at an optimum cost through maximum utilization of the asset management company and sponsor group’s knowledge and experience in real estate management and will aim to maximize unitholder value by creating buildings chosen by tenants.
3Various pipelines acquired by utilizing the strengths of sponsors
We aim to achieve “sourcing independent of the real estate transaction market” and “acquisition at a transaction price that is not subjected to price competition through relative transactions” by utilizing Mizuho Trust & Banking’s wide customer base, information network and unique accessibility to real estate information, and obtaining various high-quality information.
4Strict internal control, risk management system and a stable financial base unique to financial groups
We will conduct flexible fund procurement and build a stable organization base as a REIT having Mizuho Trust & Banking as the main sponsor.
In addition, we will manage conflict-of-interest transactions, information, etc. based on strict rules unique to financial groups.