Star Asia Investment Corporation

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GRESB Real Estate Assessment

Star Asia Investment Corporation (“SAR”) participated in the GRESB Real Estate Assessment for the first time in 2021, and acquired “3 Star” rating (highest rank: 5-star).

Furthermore, SAR obtained the “Green Star” which indicates that SAR is a participant which excels in both the “Management Component” which assesses the policy and organization structure for promoting ESG as well as the “Performance Component” which assesses environmental performance and tenant engagement of properties owned.

GRESB is the name of the organization which provides annual benchmarking assessments to measure ESG (Environmental, Society and Governance) integration of real estate companies and funds. It was founded in 2009 by a group of major European pension funds who played leading roles in launching Principles for Responsible Investment (PRI). Currently, 140 Investor Members (with more than USD47 trillion (or JPY 5,17 trillion calculated at USD1=110yen) in assets under management) use GRESB data for their investment decision-making and engagement with investees, and several institutions from Japan including Government Pension Investment Fund (GPIF) also utilize GRESB Assessment results. In 2021, 1,520 listed or private real estate companies/funds from around the world participated in the GRESB Real Estate Assessments.
Please follow the link below to see the detailed results of the 2021 GRESB Real Estate Assessment.
https://gresb.com/nl-en/

Acquisition rate of external certifications and Certification Goals

Acquisition rate of external certifications and Certification Goals

Acquisition Rates(As of August 18, 2022)(note 2) Goals for2026
Number of Properties Total Floor Area(㎡) ratio(%) (note 2) ratio(%)
DBJ Green Building Certification 8 189,352.89 34.6
Building-Housing Energy-Efficiency Labeling System (BELS) 2 (note 1) 5,605.73 1.0
Certification for CASBEE for Real Estate 3 38,868.57 7.1
Total 13 233,827.19 42.7 50.0
(note1)  In case when a property holds multiple certifications, number and floor area of one property is included.
(note2)  Ratio of each floor area to the gross floor area of SAR portfolio (547,221.14㎡).

DBJ Green Building Certification

DBJ Green Building Certification System (the “System”) is certification system established in April 2011 by the Development Bank of Japan (DBJ) in order to support environmentally and socially conscious management of real estate (Green Building). In addition to the environmental performance of subject properties, DBJ assesses and certifies real estate demanded socially and economically based on comprehensive assessment including aspects responding to various stakeholders such as disaster prevention measures and attention towards the community.

Property name Asset type Location Total floor area (㎡) Certification rating Certified date (reassessment date)
1 Baraki Logistics Logistics Ichikawa-shi, Chiba 12,471.50 ★★★ Jul 31, 2021(reassessment date)
2 Honmachibashi Tower office Osaka-shi, Osaka 15,407.83 ★★ Jul 31, 2021(reassessment date)
3 La Park Kishiwada Retail Kishiwada-shi, Osaka 65,663.02 ★★ Dec 11, 2020
4 Urban Park Tokiwadai Koen Residence Yokohama-shi, Kanagawa 15,708.08 ★★ May 14, 2021
5 Urban Park Mitsuike Koen Residence Yokohama-shi, Kanagawa 10,918.37 ★★ May 14, 2021
6 Iwatsuki Logistics Logistics Saitama-shi, Saitama 29,729.72 ★★ Jul 31, 2021(reassessment date)
7 Seishin BLDG. Office Shinjuku-ku, Tokyo 7,624.66 Jun 21, 2021
8 Seiyu Minakuchi Retail Koka-shi, Shiga 31,829.71 Dec 11, 2020
Total 189,352.89
(note)  As of June 30, 2022

Building-Housing Energy-Efficiency Labeling System (BELS)

Under the Act on the Improvement of Energy Consumption Performance of Buildings (“Building Energy Efficiency Act”), real estate business operators are required to make efforts to display the energy-saving performance of buildings. BELS is a system in which third-party institutions evaluate the energy-saving performance of buildings based on the evaluation standards set by the Ministry of Land, Infrastructure, Transport and Tourism, and the certification rating is given on a five-star scale (★ to ★★★★★).
For details of BELS, please refer to the following website.
Website on BELS: https://www.hyoukakyoukai.or.jp/bels/bels.html

Property name Asset type Location Total floor area(㎡) Certification rating Certified date
1 Urban Center Hakata Office Fukuoka-shi, Fukuoka 3,566.56 ★★★ Dec 17, 2021
2 Urban Park Miyamaedaira(note 2) Residence Kawasaki-shi, Kanagawa 2,039.17 ★★ Dec 24, 2021
★★ Dec 24, 2021
Total 5,605.73
(note 1)  As of Jan 31, 2022
(note 2)  This property consists of two buildings, each with its own certification.

CASBEE

CASBEE (Comprehensive Assessment System for Built Environment Efficiency) is a system that comprehensively assesses the quality of a buildings, including evaluating features such as interior comfort and consideration towards scenic aesthetics, in addition to consideration towards the environment such as using materials and equipment that save energy or achieve smaller environmental loads
Please follow the link to see the detailed Comprehensive Assessment System for Built Environment Efficiency

Property name Asset type Location Total floor area(㎡) Assessment rating Certified date
1 Higashi-Kobe Center Building office Kobe-shi, Hyogo 25,740.46 S ★★★★★ Jun 30,2022
2 Urban Park Daikanyama Residence Shibuya-ku, Tokyo 8,261.29 A ★★★★ July 27,2022
3 abeno nini (Retail) Retail Osaka-shi, Osaka 4,866.82 A ★★★★ August 1,2022
Total 38,868.57
(Note) As of August 18, 2022

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