MITSUBISHI ESTATE Annual Report 2014

Medium-Term Management Strategies (FY 2012–FY 2014) Targets and InitiativesQuantitative TargetsIndicatorsTargetsActual resultsGrowth potentialEBITDA¥265.0 billion¥246.3 billionPerformanceEBITDA / Total assets5.3% or above5.2%StabilityNet interest-bearing debt / EBITDA7.5 times max.7.1 timesBusiness Domain ThemesBusiness DomainsRelated Major News ReleasesInvestment & Development Business GroupMaximize the value of the Marunouchi districtn May 2013Mitsubishi Estate Launches Strategic Growth Center Project on Full Scale Four Overseas Companies Move into EGG JAPANn Mar. 2013Third Phase of the Otemachi Chain Redevelopment Project Under Wayn Nov. 2012‌Decision Made to Rebuild the Fuji Building, Tokyo Kaikan Building, and Tokyo Chamber of Commerce and Industry Buildingn Oct. 2012FINE TOKYO Opens on the Fifth Floor of Otemachi Financial City South Towern Jun. 2012Otemachi 1-1 Project (Tentative Name) Announced to Rebuild the Resona Maruha Building and the Bank of Tokyo-Mitsubishi UFJ Otemachi Buildingn Feb. 2012Marunouchi Eiraku Building CompletedPromote projects and lead the marketn Dec. 2013Construction Starts on First Independent Logistics Center Development, Logicross Fukuoka Hisayaman May 2013Construction Begins on Dai Nagoya Buildingn Mar. 2013Grand Opening of MARK IS minatomirai Set for June • Article on opening of MARK IS shizuoka included in same news releasen Feb. 2013April Grand Opening Announced for SHISUI PREMIUM OUTLETSn Jan. 2013Grand Front Osaka to Open to the Public in Apriln May 2012Shinjuku Eastside Square Construction Completed n May 2011‌Shinjuku Front Tower CompletedStrengthen operations centered on the condominium sales businessn Mar. 2014All 883 Units of The Parkhouse Harumi Towers’ Krono Residence Soldn Oct. 2013Mitsubishi Jisho Residence Enters the Renovated Condominium Marketn Sep. 2013All Units of The Parkhouse Gran Chidorigafuchi Sell Out on Application DayExpand portfolios in Europe and the United States and reinforce Asian operationsn Apr. 2014Investment in U.S. Office Building Fund Managed by the Rockefeller Group Closed • Investment subscriptions ended in July 2013n Dec. 2013Mitsubishi Estate Acquires Clive House Office Building in London n Apr. 2013Local Subsidiary Established in Shanghain Jan. 2013Mitsubishi Estate Acquires 1 Victoria Street Office Building in Londonn Jul. 2011‌Mitsubishi Estate to Participate in Office Development in Singapore—Decision Made to Participate in First Office Development Project in AsiaManagement & Services Business GroupProvide solutions and services based on Groupwide advantagesn Mar. 2014Mitsubishi Estate and Marubeni Corporation Merge Condominium Management Businessesn Mar. 2014General Outline Decided for Royal Park Hotel THE Haneda n Apr. 2013Mitsubishi Jisho Investment Advisors’ Private-Placement REITs’ Assets under Management Exceed ¥100 Billionn Apr. 2012Construction Starts on Royal Park Hotel THE NagoyaNote: Some of the above news releases are available only in Japanese.ANNUAL REPORT 201415