October 22, 2008
KDDI announces that at the board of directors meeting held today, a resolution was passed to purchase trust beneficiary rights from Central Tower Estate Co. at the end of October 2008. The trust beneficiary rights were set and transferred through the securitization of real estate conducted in September 2001.
Details are provided below.
At the present time, KDDI is using floors in the Shinjuku building, Otemachi building, Nagoya building, and Osaka building, which were securitized, as office space or space for communication equipment. The trust rights will be purchased since KDDI plans to continue to use the floors mainly for data center operations and city network hubs and considers these important facilities.
|Property||Location||Site area (m²)||Total floor space (m²)||Number of floors|
|Shinjuku Building||Shinjuku-ku, Tokyo||10,675.51||127,586.15||35 above-ground floors and 5 underground floors|
|Otemachi Building||Chiyoda-ku, Tokyo||3,782.99||43,479.94||23 above-ground floors and 4 underground floors|
|Nagoya Building||Naka-ku, Nagoya-shi, Aichi||1,592.49||5,126.14||7 above-ground floors and 2 underground floors|
|Osaka Building||Chuo-ku, Osaka-shi, Osaka||13,223.15||35,605.04||12 above-ground floors and 2 underground floors|
Around 206.8 billion yen (expected)
October 31, 2008
(1) The properties were put into trust with a trust bank and the corresponding trust beneficiary rights were transferred to the special purpose company Central Tower Estate Co.
(2) KDDI will conclude a 7-year lease agreement at the same time as it purchases the beneficiary rights.