Acquisition of the office building “Tilt 49” in the business district of Seattle

Takenaka Corporation (President: Masashiro Miyashita) has recently acquired a newly constructed building, “Tilt 49 Office”, in the business district of Seattle, Washington, which is experiencing remarkable growth as a hub for the IT industry in the United States, through its newly established US subsidiary, Tilt 49 Realty LLC (Representative: Akihiro Tachibana).

This property has been leased in its entirety by Amazon Corporate LLC, and we have acquired it based on a comprehensive assessment of the building’s location, potential and profitability, aiming to expand our group’s overseas real estate holdings into new regions within the United States.

The surrounding area of this building is in the heart of a business district where numerous office buildings housing Amazon, which employs approximately 40,000 people in Seattle, are situated. It is also a hub for other major IT- related companies such as Google and Facebook.

As part of our overseas real estate portfolio, our group already owns four office properties (Heron Tower in New York, Nippon Club Tower, 400/430 California Street in San Francisco, One Fleet Place in London) and three hotel properties (Andaz 5th Avenue in New York, Hotel Nikko San Francisco, Grand Hyatt Kauai in Hawaii) in the United States and the United Kingdom. With this acquisition, it will be our eighth overseas property.