Investor Presentaiton
Acquisition of Properties Developed by a Sponsor
(Additional Acquisition of Kamiyacho Trust Tower)
Acquisition Highlight (Kamiyacho Trust Tower: Office area, 1.5 Floors)
External Growth Using
the Merger Effects
•
High Asset Potential
Further Increase in
Sponsor's Commitment
.
An additional purchase of Kamiyacho Trust Tower from the
sponsor was achieved using the purchasing capacity created by a
decrease in LTV due to the merger effect.
Acquisition of property with exceptionally high asset potential built
with the development capabilities of the sponsor, MORI TRUST
LTV reduced through purchase of
MTH's assets at market value
LTV benchmark: 50.0%
50.0%
49.0%
47.9%
48.0%
48.0%
46.2%
47.0%
46.0%
Strong commitment of the sponsor to New MTR returning to a
growth path through maximum use of sponsor support
45.0%
September
2022
FP
After
the
Merger
After
asset to be
acquired
37th and 38th fl.:
residential floors
31st 36th fl.: hotel
TORA NOMON
EDITION
Overview of Acquired Asset
Overview of Kamiyacho Trust Tower (Block Name: Tokyo World Gate)
Property
name
Kamiyacho Trust Tower (Office area, 1.5 floors)
Floor Structure
Location
4-Chome Toranomon, Minato-ku, Tokyo
Use
Office building, retail facilities, medical facilities, hotels,
residences, etc.
Number of
38 stories with 3
basement levels
MORI TRUST
CO., LTD.
Month/year
March 2020
floors
Seller
Acquisition
price
23,700 million yen
value
of completion
Acquisition
date
March 1, 2023
•
•
Appraisal 24,100 million yen
(as of October 31, 2022)
Stable, high occupancy of 99.3% (as of Aug. 31, 2023)
Master lease agreement planned to be signed with the
sponsor MORI TRUST
Reduce the risk of vacancies and stabilize revenues by
distributing profit and expenses for jointly operated
sections from the 6th floor to the 30th floor, including
this area, with unit owners according to their
ownership shares.
3rd 30th fl.: office
Tokyo Edition Toranomon is the first Edition
property in Japan. Edition is the new-
generation luxury hotel brand from Marriott
International.
The super large floors with a ceiling height of 2.9
meters and a reference floor area of more than
1,100 tsubo enable unique layouts and support
the presentation of innovative office spaces.
B3 2nd fl.: shops,
restaurants, office lobby,
parking area, etc.
The architect, Dr. Kengo Kuma, was invited as
a designer and created the office lobby as a
space symbolizing Tokyo World Gate, a place
for international business and interaction.
35View entire presentation