CBRE Promotes Development of Hokkaido's First Multi-Tenant Refrigerated and Frozen Warehouse

CBRE, Inc. (Headquarters: Chiyoda-ku, Tokyo; President and COO: Takashi Tsuji; hereinafter referred to as CBRE) is promoting the development of Hokkaido's first multi-tenant refrigerated and frozen warehouse in the Ishikari Bay New Port area of Otaru City, Hokkaido.

This project involves the construction of a refrigerated and frozen warehouse with a total floor area of approximately 3,000 tsubo in Zenibako, Otaru City, within the Ishikari Bay New Port area. It aims to solve the challenges of refrigerated and frozen logistics in Hokkaido, which are strained by the aging of existing warehouses, increased consumption of frozen foods, and stagnation in equipment renewal and rebuilding due to soaring construction costs.

CBRE will promote this project through the collaboration of various departments within the group and affiliated companies. The Sapporo Branch will support land acquisition and conduct planning and design based on market research and analysis, developing a plan to maximize the real estate value of the land. The Asset Management Department was involved as an asset manager in the execution of the land sale and purchase agreement (June 5, 2026) and land acquisition (June 5, 2026) by a Special Purpose Company (SPC). Moving forward, CBRE will collaborate with Turner & Townsend Co., Ltd. (Headquarters: Minato-ku, Tokyo; President: Hisanori Kajiura), a specialized project management and cost management company within the group, to support the design and construction processes. Additionally, upon completion of the warehouse, CBRE's Property Management Department will be responsible for facility management, and CBRE's Industrial & Logistics Department will handle leasing.

Leveraging its expertise and experience in logistics facility development, along with its strengths as a total solution provider covering everything from planning to construction, management, and leasing, CBRE will contribute to solving Hokkaido's logistics challenges and to the development of the local community through this project.

Conceptual rendering

<Project Overview>

(Tentative Name) Ishikari Refrigerated and Frozen Warehouse Development Project

Business Company: Ishikari Special Purpose Company (SPC)

Investors: Daibiru Corporation, Shimizu Sogo Kaihatsu Co., Ltd., Seibu Gas Urban Development Co., Ltd., and others

Project Site: Zenibako, Otaru City, Hokkaido

Land Area: Approximately 25,000 m2

Access: Approximately 30 minutes by car from central Sapporo

Facility: Multi-tenant refrigerated and frozen warehouse

CBRE Support Services* (*Includes planned services)

- Land acquisition

- Financing support

- Asset management

- Project management (construction planning and design, selection of design and construction contractors, etc.)

- Property management (facility management)

- Leasing management (rental brokerage)

- Property sales support (sales brokerage)

Contact for Inquiries Regarding This Project CBRE, Inc. (CBRE) Asset Management Department, Acquisitions Yuta Koike, Director yuta.koike@cbre.com TEL080-7149-5028 Shotaro Yahagi, Senior Asset Manager shotaro.yahagi@cbre.com TEL080-4328-9278

Asset Management Department, Operations Akira Ueda, Associate Director akira.ueda@cbre.com TEL090-6481-5425 Hiroaki Izumi, Associate Asset Manager hiroaki.izumi@cbre.com TEL080-4343-4025

Contact for Inquiries Regarding Project Management Services for This Project Turner & Townsend Co., Ltd. Kengo Saito, Senior Project Manager kengo.saito@cbre.com TEL070-1524-3711

About CBRE Asset Management CBRE Asset Management provides advice and support to corporate clients who own real estate assets throughout all stages of the real estate investment lifecycle: sourcing, acquisition, in-use operation, and disposition, helping to maximize profits from investment real estate under various constraints. For a wide range of asset types including offices, logistics facilities, retail, hotels, and healthcare facilities, CBRE leverages its comprehensive capabilities and collaborates with service departments such as leasing, brokerage, property management, appraisal, research, and project management to assist clients in achieving optimal investment management.

About Turner & Townsend

Turner & Townsend is a global program management company with over 23,000 employees in 64 countries. We provide large-scale programs, project cost and commercial management, project controls and performance management, and net-zero and digital solutions to clients in the real estate, infrastructure, energy, and natural resources sectors in markets worldwide. Turner & Townsend is placed under the majority shareholder of the CBRE Group, the world's largest commercial real estate services and investment company and a leading provider of essential infrastructure services, with partners holding a significant non-controlling interest.

The Project Management team proactively controls costs, quality, and schedules in 100% pursuit of client interests for all plans, including new construction, renovations, and relocations, across a wide range of asset types such as offices, commercial properties, hotels, logistics facilities, production facilities, R&D, and data centers. We provide services by adhering to processes that ensure high confidentiality, transparency, and accountability in the selection and management of a vast number of partners, including designers and construction contractors.

The Project Management team proactively controls costs, quality, and schedules in 100% pursuit of client interests for all plans, including new construction, renovations, and relocations, across a wide range of asset types such as offices, commercial properties, hotels, logistics facilities, production facilities, R&D, and data centers. We provide services by adhering to processes that ensure high confidentiality, transparency, and accountability in the selection and management of a vast number of partners, including designers and construction contractors.

About CBRE, Inc.

CBRE, Inc. is the Japanese subsidiary of the U.S. CBRE Group, and is a total solution provider for corporate real estate, offering a wide range of over 20 services nationwide, including not only real estate leasing and brokerage services but also various advisory functions, property management, and real estate appraisal. Since the establishment of Ikoma Commercial Co., Ltd., the predecessor of CBRE, in 1970, we have operated as real estate specialists in Japan for over half a century, providing locally rooted services from 8 locations across the country. We aim to be a real estate advisory and services company recognized as essential "business infrastructure" for corporations, with approximately 1,800 professionals nationwide* (including subsidiaries) providing optimal and accurate real estate solutions from a neutral standpoint. For more details, please visit our Japanese website at www.cbre.co.jp. Official social media accounts: LinkedIn | X | Facebook

About CBRE Group

CBRE Group, headquartered in Dallas, Texas, is the world's largest commercial real estate services and investment firm, and a leading provider of essential infrastructure services, listed on the Fortune 500 and S&P 500. With over 155,000 employees worldwide, CBRE provides services to clients in more than 100 countries across four business segments: Advisory (leasing, property sales, real estate debt origination, commercial real estate loans, real estate appraisal), Building Operations & Experience (facility management, property management, flexible office space, essential infrastructure services), Project Management (program management, project management, cost consulting), and Real Estate Investment (real estate investment management, real estate investment development).