Investor Presentaiton
16 Appraisal Value (1/2) - 23 Wards of Tokyo
23 Wards of Tokyo
NBF
Men Building Fund
Property Name
Acquisition
Price
(1) Book Value at (2) Appraisal Value (3) Appraisal Value
1H/2016
at 1H/2016
30th Period End 30th Period End
at 2H/2015
29th Period End
Unrealized
gain (loss)
(2) - (1)
PoP change in
appraisal value
(2) - (3)
Property Name
Acquisition
Price
(1) Book Value at (2) Appraisal Value
1H/2016
at 1H/2016
30th Period End 30th Period End
at 2H/2015
29th Period End
(3) Appraisal Value
Unrealized
gain (loss)
(2) - (1)
(million yen)
PoP change in
appraisal value
(2) - (3)
NBF Osaki Bldg.
66,660
66,660
82,900
79,900
16,239
3,000
NBF Shinkawa Bldg.
12,614
11,908
14,120
13,980
2,211
140
NBF Hibiya Bldg.
63,500
63,953
55,500
54,400
-8,453
1,100
Shinbashi M-SQUARE
11,900
11,754
14,200
13,600
2,445
600
Gate City Ohsaki
57,281
49,025
68,500
63,600
19,474
4,900
NBF Ueno Bldg.
10,400
9,450
9,010
8,870
-440
140
Nishi-Shinjuku Mitsui Bldg.
45,145
33,498
41,600
41,400
8,101
200
NBF Alliance
9,126
9,350
12,100
11,700
2,749
400
Nakanosakaue Sunbright
40,750
36,480
31,600
30,800
-4,880
800
Yotsuya Medical Bldg.
8,800
7,796
7,390
7,360
-406
30
Twin
Mitsubishi Heavy Industries
36,300
35,947
47,200
45,600
11,252
1,600
NBF Ikebukuro East
8,630
9,130
10,200
9,650
Head Office Bldg.
1,069
550
NBF Toyosu Canal Front
35,200
29,842
34,200
33,300
4,357
900
Higashi Gotanda Square
8,350
7,855
8,090
8,020
234
70
Shiba NBF Tower
32,000
26,995
29,100
28,700
2,104
400
NBF Shibuya East
8,000
8,104
7,010
6,630
-1,094
380
NBF Platinum Tower
31,000
26,698
60,100
58,900
33,401
1,200
NBF Shibakouen Bldg.
6,770
6,171
7,860
7,780
1,688
80
80
NBF Minami-Aoyama Bldg.
31,000
31,529
18,500
18,100
-13,029
400
NBF Takanawa Bldg.
6,667
6,332
7,160
7,140
827
20
20
NBF COMODIO Shiodome
28,800
27,979
33,100
32,200
5,120
900
NBF Akasaka Sanno Square
6,250
6,222
6,380
6,250
157
130
NBF Shibakouen Daimon
NBF Toyosu Garden Front
25,018
22,936
28,100
28,100
5,163
6,100
6,215
4,300
4,280
-1,915
Street Bldg.
20
20
Toranomon Kotohira Tower
24,543
18,721
33,900
32,800
15,178
1,100
NBF Kandasudacho Bldg.
5,960
5,954
7,720
7,550
1,765
Nakameguro GT Tower
23,856
17,826
21,500
21,100
3,673
400
Sumitomo Densetsu Bldg.
5,365
4,760
5,810
5,740
1,049
Celestine Shiba Mitsui Bldg.
22,500
22,328
25,400
25,200
3,071
200
NBF Higashi-Ginza Square
5,200
4,451
7,360
7,120
2,908
Ueno East Tower(Note 1)
Panasonic Tokyo Shiodome
21,600
21,763
21,700
21,600
-63
100
5,075
5,004
6,020
5,850
1,015
Bldg.
NBF Ochanomizu Bldg.
20,840
20,195
13,400
13,000
-6,795
400
NBF Ogawamachi Bldg.
4,940
5,083
5,670
5,660
586
➢ ➢ ༔ ཎྜ ྣ
170
70
240
170
10
Nihonbashi Kabuto-cho
NBF Shibuya Garden Front
20,269
18,884
29,700
29,000
10,815
700
4,850
4,588
5,430
5,300
841
130
M-SQUARE
NBF Ginza Street Bldg.
17,000
17,531
16,500
16,000
-1,031
500
NBF Ikebukuro Tower
4,695
4,292
5,530
5,390
1,237
140
Shinjuku Mitsui Bldg. No.2
16,285
15,944
18,000
17,200
2,055
800
NBF Ikebukuro City Bldg.
4,428
4,119
5,210
5,060
1,090
150
GSK Bldg.
14,434
11,736
16,600
16,600
4,863
Ryukakusan Bldg.
4,050
4,383
4,550
4,450
166
100
River City M-SQUARE
13,350
12,329
16,000
15,500
3,670
500
Jingumae M-SQUARE
3,700
3,471
4,120
3,750
648
370
NBF Toranomon Bldg.
13,337
13,115
16,700
16,300
3,584
400
Tokyo 23 wards
(46 properties)
865,804
799,456
939,540
914,689
140,083
24,969
Kowa Nishi-Shinbashi
Bldg. B(Note2)
13,265
11,129
14,500
14,259
3,370
241
Note 1: Ueno East Tower's appraisal value at the end of the 29th Period is the appraisal value when NBF decided to acquire the
property (value as of March 1, 2016).
Note 2: Kowa Nishi-Shinbashi Building's appraisal value at the end of the 29th Period is the sum of the appraisal values of NBF's
existing interest and the additional acquisition. The appraisal value of the additional acquisition is as of March 31, 2016,
when NBF decided to add to its ownership of the property.
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