NTT UD REIT Investment Corporation (NUD) announced that NTT Urban Development Asset Management Corporation (UDAM) decided on the acquisition of an office building. Overview of the Acquisition: Property Name: Urbannet Nakano Building; Type of Asset for Acquisition: Beneficiary interest in a real estate trust; Acquisition price: JPY 6,400 million; Seller: NTT Urban Development Corporation; Acquisition Decision Date: February 24, 2023; Conclusion Date: February 24, 2023; Planned Delivery Date: March 14, 2023; Payment Method: Lump-sum payment upon delivery; Financing for Acquisition: Borrowings and cash on hand will be used for the acquisition. Building: 4-643-8 Nakano, Nakano Ward, Tokyo 4-11-10 Nakano, Nakano Ward, Tokyo; Location, etc: A mixed-use development is underway in the surrounding area of the property.

This area is located close to central Tokyo and is also home to an urban planning park of approximately 21,000 m2, making it a location that combines cutting-edge facilities with lush greenery and nature. In 2024, a new Nakano Ward Office building will be constructed adjacent to the property, and further development can be expected in the future due to the improved convenience of the property's location. Access: About a 7-minute walk from Nakano Station on the JR Chuo Line; About a 7-minute walk from Nakano Station on the Tokyo Metro Tozai Line.