*Jonan: Shinagawa, Meguro, Ota and Setagaya*4 central wards: Chiyoda, Chuo, Minato and Shinjuku*As of the end of FY2023Office development centered on ShibuyaProperty management servicesMembership-based satellite shared office service for corporations: “NewWork”In April 2021, we began transferring control of our real estate operation business to Tokyu Property Manage-ment Co., Ltd. Leveraging the real estate management experience and know-how it has gained over the years, Tokyu Property Management has been striving to gain contracts to provide property management services for real estate owned by the Tokyu Group and third-party organizations. The company manages numerous offices and commercial facilities, primarily in Shibuya and other parts of the Tokyu area. We strive to increase the value of the property by providing the building owners, inves-tors, or other outsourcing parties with comprehensive building management services that include everything from equipment man-agement, cleaning, and security to car-rying out repair and improvement work, recruiting tenants via the Tokyu Group’s broad network, and formulating medium- to long-term repair plans and annual management plans. Reflecting growing interest in increasingly diverse ways of working, we offer corporate member-ship-based satellite shared offices that offer a con-venient and comfortable place for people to work, either close to their homes or in the heart of the me-tropolis. We are developing a business tailored to the needs of companies introducing teleworking, which want to increase the efficiency of operations, secure personnel, reduce head office costs, and avoid con-gestion while commuting. As of July 1st 2024, our nationwide shared office network numbered 544 offices (130 directly managed offices, 118 partner offices, another 22 hotels, and 274 partner private booths), with more than 300,000 people at around 450 corporations registered as members. With teleworking needs set to grow further, we plan to expand our network not only in the Greater Tokyo area, but also in other major cities across the coun-try, aiming to further enhance convenience for customers.Centered on Shibuya, where the Tokyu Group is based, we are seeking to maximize real estate value by developing, renting, and operating buildings of various functions and sizes, and also via the effective utilization of holdings including railway land.Based on our brand purpose “An exciting world from Shibuya,” we are engaged in office development and management in Shibuya aimed at supporting the development of both industry and culture in partner-ship with the people of Shibuya.Our holdings in Shibuya include large building complexes such as Shibuya Scramble Square, as well as Shibuya Stream, Shibuya Axsh, Shibuya Hika-rie, Cerulean Tower and Shibuya Mark City. These not only provide high-grade offices but also invigorate the area through their com-mercial and cultural facilities. We are also actively pursuing building projects in other areas of central Tokyo. One leading example is Tokyu Capitol Tower, a high-rise complex directly linked to Tameike-sanno Station that includes offices boasting advanced se-curity functions, outstanding views, and excellent use of daylight, in a building that also houses the luxury Capitol Hotel Tokyu. Another is the Tokyu Bancho Building very close to Ichigaya Station.Rentable office space by area (calculated as our equity share)QFRONTNewWork Tokyo28Kawasaki 12,000 m2Kawasaki 12,000 m2Machida 17,000 m2Machida 17,000 m24 central wards4 central wards26,000 m226,000 m2YokohamaYokohama32,000 m232,000 m2Total rentable office space361,000 m2ShibuyaShibuya165,000 m2165,000 m2JonanJonan109,000 m2109,000 m2Office Development and Operation
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