Investor Presentaiton

56 Office market data 4 (Osaka) Supply and demand of Osaka business districts (tsubo) 80,000 70,000 60,000 50,000 40,000 30,000 20,000 10,000 New supply New demand 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 (E) (E) (E) Source: Prepared by the Asset Manager based on the data obtained from CBRE K.K. MCUBS MidCity Investment Corporation

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