Investor Presentaiton
67
Overseas Property Investment
Decided NOT to invest in overseas properties
What we did
•
Detailed examination in potential investments in office properties outside Japan
• Verification of a potential investment scheme from legal, tax and accounting perspectives
• Identification of potential investment targets and their economics
What we found
Confirmation on that a scheme of investments would be available
•
Confirmation on that it would be possible to make investments to improve portfolio profitability with increasing
distributions
.
Opinion saying that such investments would not contribute to MCUBS MidCity's growth as additional premiums would be
required to address risks related to currencies, regulations and markets
Overseas Property Investment Policy
Decided NOT to invest in overseas properties in the foreseeable future
• Took account of a potential risk that additional risk premiums with overseas investment may hinder the growth of
unitholders' value
• MCUBS MidCity is to focus on unitholders' value creation through domestic property portfolio management
•
May reconsider the option in the future based on discussions with investors when the risk tolerance get higher after the
asset size expansion
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