Announcement Regarding the Issuance of the 'Eco-Advanced Condominium BRANZ Green Bond'

Tokyu Real Estate Holdings Co., Ltd. (Head Office: Shibuya-ku, Tokyo; President and CEO: Hiroaki Hoshino; hereinafter “the Company”) hereby announces its plan to issue a public offering green bond titled “Eco-Advanced Condominium BRANZ Green Bond” (hereinafter “this issuance”).

Purpose and Background of This Issuance

Under its long-term vision “GROUP VISION 2030,” the Company has adopted “WE ARE GREEN” as the group’s banner, aiming to realize a future where everyone can live vibrantly and authentically by creating diverse and attractive lifestyles by the target year 2030. To achieve this, the Company has positioned “Environmental Management” as one of its corporate-wide policies and is advancing business activities while addressing three key environmental challenges: “Decarbonized Society,” “Biodiversity,” and “Circular Economy.”

Now, to further strengthen its commitment to solving these environmental challenges, the Company has decided to issue the “Eco-Advanced Condominium BRANZ Green Bond.”

The proceeds from the Eco-Advanced Condominium BRANZ Green Bond will finance expenditures related to the (provisional name) Chiyoda-ku Sanbanchō Project, an initiative that contributes to all three environmental priorities. This project aims to create a decarbonization-oriented residential building with high environmental performance through enhanced insulation, energy-saving equipment, and active use of renewable energy, targeting zero emissions during operation.

In recent years, amid increasingly severe natural disasters, homes are expected not only to deliver environmental performance but also to enhance resilience—ensuring continuity of life during disasters. The Company is working to incorporate features that support “sheltering in place” within its condominiums, ensuring power and water supply during infrastructure disruptions such as blackouts and water outages. This contributes to safe and secure living from everyday life through emergencies, while also enhancing the value of eco-advanced condominiums.

Going forward, based on the “WE ARE GREEN” Bond Policy, the Company will continue issuing ESG bonds and work together with stakeholders, including bond investors, to achieve a sustainable society and sustainable growth. The Company, under its long-term vision “GROUP VISION 2030,” continues to champion “WE ARE GREEN” as the group’s banner, aiming to realize a future where everyone can live authentically and vibrantly by creating diverse and attractive lifestyles by 2030. To this end, it has positioned “Environmental Management” as a core corporate policy and is advancing business activities while addressing the three environmental priorities: “Decarbonized Society,” “Biodiversity,” and “Circular Economy.”

About Tokyu Real Estate Holdings “WE ARE GREEN” Bond Policy https://www.tokyu-fudosan-hd.co.jp/ir/stockandbond/sustainabilityfinance/

Overview of This Issuance

Name

37th Unsecured Corporate Bond (with Subordinated Ranking Agreement among Bonds) (Green Bond) of Tokyu Real Estate Holdings Co., Ltd.

Alternative Name

Eco-Advanced Condominium BRANZ Green Bond

Term

3 years

Issuance Amount

10 billion yen

Issuance Timing

July 2026 (planned)

Use of Proceeds

Equipment funding for the (provisional name) Chiyoda-ku Sanbanchō Project of the eco-advanced condominium “BRANZ,” including equipment to enhance environmental performance through energy efficiency and renewable energy utilization, as well as equipment to ensure emergency power and water supply to support sheltering in place.

Lead Underwriters

Nomura Securities, SMBC Nikko Securities, Mitsubishi UFJ Morgan Stanley Securities, Daiwa Securities, Mizuho Securities

This issuance will be conducted under the Sustainability Finance Framework. The Sustainability Finance Framework has received the highest rating “SU1(F)” under the “JCR Sustainability Finance Framework Evaluation” by Japan Credit Rating Agency, Ltd. (JCR)※1.

※1 For details on the JCR Sustainability Finance Framework Evaluation, please visit the JCR website.

https://www.jcr.co.jp/greenfinance/

Tokyu Real Estate [BRANZ] BRANZ URL: https://sumai.tokyu-land.co.jp/concept/

Details of This Issuance

[Eco-Advanced Condominium BRANZ Green Bond]

Funds raised through the [Eco-Advanced Condominium BRANZ Green Bond] will be allocated to the (provisional name) Chiyoda-ku Sanbanchō Project.

(Provisional Name) Chiyoda-ku Sanbanchō Project

Location: Chiyoda-ku, Tokyo

Total Floor Area: 21,267.14 ㎡ (planned)

Number of Units: 130 units

Environmental Initiatives, etc.

Specific Measures (planned)

BELS 5-star or 4-star (ZEH-M Oriented standard)

ZEH-M Oriented (for residential units) planned

CASBEE S-Rank or A-Rank

Planned

Renewable Energy Utilization

Solar panels planned for rooftop. Common areas will contract renewable energy power plans; owners will be encouraged to adopt renewable energy plans for private areas, reducing CO2 emissions during operation

High Insulation and Energy-Saving Equipment

High insulation, along with energy-saving equipment such as high-efficiency air conditioners, heat pump floor heating, Eco Cute systems, and total heat exchangers

Long-Life Building Structure

Extending building lifespan through exterior insulation methods that protect the structure from the outside

Use of Recycled and Existing Materials

Utilization of various recycled materials and FSC-certified materials, including aluminum sashes that reduce CO2 emissions during manufacturing compared to standard products

Resilience-Related Equipment

Planned installation of equipment and systems to ensure power and water supply during infrastructure disruptions (targeting approximately 72 hours post-disaster)

About the Long-Term Vision “GROUP VISION 2030” and “Mid-Term Management Plan 2030”

Tokyu Real Estate Holdings announced its long-term vision “GROUP VISION 2030” in 2021. Under the slogan “WE ARE GREEN,” which expresses the Company’s commitment to realizing its ideal 2030 through diverse green initiatives, it is advancing “Environmental Management” and “DX” as corporate-wide policies.

As the core company of the HD group, Tokyu Real Estate is actively pursuing various initiatives to become an “environmentally advanced enterprise.” By the end of 2022, it completed switching 100% of its offices and owned facilities※3 to renewable energy and, in 2024, became the first domestic operating company to receive official recognition from the RE100 Secretariat for achieving its RE100 target.

In May 2025, Tokyu Real Estate Holdings will establish its “Mid-Term Management Plan 2030,” targeting the fiscal year 2030, focusing on three key themes: “Advancing the Greater Shibuya Strategy,” “Establishing a GX Business Model,” and “Expanding Global-Local Business,” aiming to build a robust and distinctive business portfolio.

※3 Excluding certain joint venture projects

About Tokyu Real Estate Holdings “GROUP VISION 2030”

https://www.tokyu-fudosan-hd.co.jp/group-vision-2030/

About Tokyu Real Estate Holdings “Mid-Term Management Plan 2030”

https://w