Use of Properties

TOKYU REIT focuses on Office properties, retail properties, and complexes that include office or retail properties. When a hotel is included in the above complex, it shall, in principle, meet the following criteria.
(i) A lease agreement which can reduce business/operational risks of the hotel shall be concluded with the tenant of the hotel portion of the complex.
(ii) The tenant of the hotel portion of the complex shall be Tokyu Corporation and its subsidiaries or shall possess operational skills equal to those of Tokyu Corporation and its subsidiaries.

*Investment in retail properties is defined as follows:

[Inner-city commercial and retail building]

The Investment Corporation shall acquire retail properties having easy access to train stations and primarily in prime locations in the city center. Retail facilities shall cover a relatively wide trading area and include a diversity of businesses including department stores, supermarkets, specialty shops, shopping centers and amusement facilities.

[Shopping centers located in suburban areas]

The Investment Corporation shall acquire suburban shopping centers having easy access to train stations and easily accessible by car, primarily located in densely populated residential areas. Retail facilities shall serve as a central marketplace for local residents and include a diversity of businesses including department stores, supermarkets, specialty shops, shopping centers and amusement facilities.

*Use of complexes that include office or retail properties include, but not limited to, hotel and residence. When the use of a property is solely hotel, residence, etc., TOKYU REIT shall not invest in the property.

*TOKYU REIT may acquire ownership right of land with leasehold interest. The use of buildings on the land with leasehold interest shall be only office properties, retail properties, or complexes that include office or retail properties.

↑ Page Top