We will continue to develop and hold prime properties for lease in favorable locations, primarily in urban areas, and flexibly garner capital gains through the use of private funds, as well as establish a building operations management model. Moreover, in addition to incorporating decarbonization as a business operator, and providing safe and secure spaces that support the continuity of business tenants, we also support the promotion of large-scale development as a business partner and specified agent for urban redevelopment projects. We also promote the acquisition of prime assets in the global market, such as in the U.K. and Thailand.

• Diversify asset types and secure steady income gains by investing in growing sectors including environmentally responsible buildings such as ZEB (net Zero Energy Building) and value-added logistics facilities
• Flexibly obtain capital gains and establish property/building management business models (such as PM and BM operations) by utilizing private funds under management
• Acquire competitive assets by utilizing networks in the global market

• Changes in the real estate market because of changes in lifestyles and work styles brought on by the outbreak of COVID-19
• Concern over rising vacancies in office space and falling rents due to oversupply of office space
• Demand by society for sustainability such as with carbon neutrality and well-being
• Emergence of new fields of growth accompanying a heightened need for logistics facilities, etc.

• Make new investments in the amount of ¥300 billion over five years, with net investment of ¥160 billion after property sales worth ¥140 billion
• Optimize assets held with reshuffling of our asset portfolio according to location, building age, and size of individual properties
• Utilize private REITs conceived in cooperation with other companies and private funds conceived by the Obayashi Corporation as purchasers in addition to third parties
• Take into consideration factors such as transparency, safety, and growth potential of various countries overseas to find investment opportunities other than in United Kingdom and Thailand
• Convert electric power for all domestic lease properties owned by the Group to 100% renewable energy power by 2030
• For new properties obtain ZEB Ready Certification by implementing energy-saving technology and also actively promote obtaining CASBEE and other types of environmental certification