Investor Presentaiton
Internal Growth by Investments in Revitalization
/EON
イオンリート
Major cases of floor-space expansion and investments for revitalization under way
AEON MALL Kurashiki
Large-scale renovation (scheduled to complete in the 10th fiscal period)
AEON MALL Kofu Showa
Renovation with floor-space expansion
(scheduled to complete in the 10th fiscal period)
Concluded a Floor-Space Expansion Development
Agreement in August 2016 based on the discussion
with AEON Mall Co., Ltd.
Architectural rendering
The floor-space expansion area
is framed in red line.
Food court refurbishment
Refurbishment of
children's space
Increase
in Rent
(Note) The above image is an architectural rendering and will not necessarily
be identical with the building after it is completed. For the building
with expanded floor space, AEON REIT has simply obtained
preferential negotiation rights and has not decided on its acquisition.
AEON REIT does not guarantee its acquisition in the future, either.
The schedule indicated above is valid as of the date of this document,
and the actual completion of the building with expanded floor space
may be postponed due to delays in construction work and other
reasons.
Commencement
date of rent
increase
Major revitalization cases with increase in rent to be scheduled
Property
Revitalization project
Effect of revitalization (forecast)
Installation of
AEON MALL Morioka
10th period
Wastewater Treatment Facility
AEON MALL Suzuka
10th period
Large scale renewal
AEON MALL Kurashiki
10th period
Large scale renewal
Project cost
(millions of yen)
Rent increase per
Property
annum
(Not1)
(millions of yen)
Rent increase as a
percentage of project
cost per annum (%)
100
Oct. 2017
7.6
7.6%
300
Nov. 2017
23
7.7%
132
Jan. 2018
10
7.5%
(Note 1) "Projected cost of investments in revitalization" indicates construction cost in order to improve the value of the properties operated.
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