Coordination with Main Sponsor
Collaboration with NTT Urban Development
– Comprehensive Support from NTT Urban Development, the Main Sponsor –
Since May 2010, when NTT Urban Development (NTTUD) participated as its main sponsor, PIC 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 main sponsor, PIC has continuously implemented property acquisitions through NTTUD.
Total acquisition price since
May 2010: 115.8 billion yen
|Through NTTUD's pipeline support:||84.4%|
■ Major properties PIC has acquired through NTTUD's pipeline support
|Location||3-4-1 and 3-4-2 Shibaura, Minato Ward, Tokyo|
|Property Name||Urbannet Ikebukuro Building|
|Location||3-16-3 Higashi Ikebukuro, Toshima Ward, Tokyo|
|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 PIC's Office Buildings
In an effort to maintain and enhance the value of its portfolio, PIC consigns property management services to NTTUD and NTT Urban Development Builservice Co. in a concentrated manner. By doing so, PIC enjoys efficient and high-quality management services.
Total leasable space: 171,859 m2
|Consigned to the NTTUD Group:||64.2%|
|Consigned to others:||35.8%|
Multi-faceted Collaboration with the NTT Group
PIC has achieved steady growth and sound financial operations by implementing multi-faceted business collaboration with NTTUD, the main sponsor, and various NTT Group companies, as shown below.
Ratio of NTT Group Companies as Tenants of PIC's Office Buildings
Utilizing its relationship with the NTT Group, PIC works to increase the ratio of the Group's companies as tenants of its properties. By doing so, PIC aims to achieve stable management of its portfolio.
|NTT Group companies:||34.1%|