Hidehiko Ogawa, Executive Director
Asset Management Company:
Japan Excellent Asset Management Co., Ltd.
Representative:
Hidehiko Ogawa, President
Contact: Kazue Horikawa
General Manager, Corporate Planning Dept.
TEL: +81-3-5412-7911
For Immediate Release For Translation Purposes OnlyJanuary 5, 2017
Notice Concerning Change of Tenants at Asset Held by JEIJapan Excellent Inc. (hereinafter, "JEI") announces that it received a cancellation notice from Roche Diagnostics, a tenant of Shiba 2-Chome Building (Minato-ku, Akasaka), the asset managed by JEI, as of January 5, 2017, as follows.
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Summary of the change of tenant (cancellation)
Name of tenant:
Roche Diagnostics K. K.
Name of property occupied:
Shiba 2-Chome Building
Leased floor space subject to cancellation:
9,284.18m2 (Note 1)
Percentage of the leased floor space subject to cancellation to the total leasable floor space of the asset:
79.0% (Note 2)
Percentage of the leased floor space subject to cancellation to the total leasable floor space:
2.6% (Note 3)
Scheduled date of cancellation:
July 15, 2017
(Note 1) The stated figure is calculated by the following formula: leased floor space which is subject to said cancellation multiplied by the ratio (95.05/100) of the JEI's interest. The figure is rounded to two decimal places.
(Note 2) The asset is composed of the office and residential portions and the upper percentage indicates the percentage of both spaces to the total leasable floor space. Moreover, the percentage of the office portion to the leasable floor space is 100%.
(Note 3) Total leasable floor space of total JEI portfolio (as of November 30, 2016).
- Outlook
The scheduled date of the cancellation by the tenant is July 15, 2017. Therefore, there will be no changes to the forecasts of operating results for the Twenty First Fiscal Period (July 1, 2016 to December 31, 2016), and Twenty Second Fiscal Period (January 1, 2017 to June 30, 2017).
(End)
Japan Excellent, Inc. Website: www.excellent-reit.co.jp/eng/1
Japan Excellent Inc. published this content on 05 January 2017 and is solely responsible for the information contained herein.
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