Coordination with Sponsor
Collaboration with NTT Urban Development
– Comprehensive Support from NTT Urban Development, the sponsor –
Since May 2010, when NTT Urban Development (NTTUD) participated as its sponsor, NUD has received a broad range of support from NTTUD, including such pipeline support services as supply and information provision of new properties, as well as support for leasing activities and provision of property management operations.
Results of Property Acquisitions through NTTUD's Pipelines
Since NTTUD participated as its sponsor, NUD has continuously implemented property acquisitions through NTTUD.
Total acquisition price since
May 2010: 147.8 billion yen
|NTT Urban Development:||75.9%|
■ Major properties NUD has acquired through NTTUD's pipeline support
|Property Name||UDX Special Purpose Company Preferred Securities (Akihabara UDX)|
|Location||4-14-1 Sotokanda, Chiyoda Ward, Tokyo|
■ Ratio of NTTUD Group Companies as Consignee of Property Management Services for NUD's Office Buildings
In an effort to maintain and enhance the value of its portfolio, NUD consigns property management services to NTTUD and NTT Urban Development Builservice Co. in a concentrated manner. By doing so, NUD enjoys efficient and high-quality management services.
Total leasable space: 177,617 m2
|Consigned to the NTTUD Group:||65.4%|
|Consigned to others:||34.6%|
Multi-faceted Collaboration with the NTT Group
NUD has achieved steady growth and sound financial operations by implementing multi-faceted business collaboration with NTTUD, the sponsor, and various NTT Group companies, as shown below.
|(Note)||NTT Urban Development has concluded an “Agreement on Information Provision” (the “Pipeline Agreement”) with NTT Urban Development Asset Management Corporation for provision of property information and right of first negotiation, etc.|
Ratio of NTT Group Companies as Tenants of NUD's Office Buildings
Utilizing its relationship with the NTT Group, NUD works to increase the ratio of the Group's companies as tenants of its properties. By doing so, NUD aims to achieve stable management of its portfolio.
|NTT Group companies:||34.4%|