Thursday, 11 March 2010. 7:37 AM SST -- (11:37 PM GMT)  
Frasers Commercial Trust
Ebara Techno-Serve, Tokyo Japan
Frasers Commercial Trust
Ebara Techno-Serve Headquarters Print this page Print this page

Ebara Techno-Serve is located within Ota Ward, Tokyo, Japan. It is located approximately two kilometres from the Haneda Airport and is approximately 250 metres northeast of Anamori-Inari Station on the Keihin Kyukou Airport Line. Ebara Techno-Serve is a five-storey building, comprising commercial office space and 20 car park lots.

Ebara Techno-Serve Headquarters, Tokyo

FCOT acquired a 100.0% indirect interest in Ebara Techno-Serve from Little Wing Y. K. and Air Wing Y. K. for JPY3.07 billion (S$40.3 million)[1] on 26 September 2007.

The property is let to a single tenant, Ebara Corporation, under a traditional Japanese lease which expires in 2010. Ebara Corporation completed building the current structure in April 2001. An Ebara Corporation manufacturing plant is located across the road from the property. Ebara Corporation is one of the world’s principal manufacturers of transfer machinery for fluids and gaseous substances such as pumps, compressors, fans and chillers. Ebara Corporation is listed on the Tokyo Stock Exchange (TSE:6361).

[1] Based on an exchange rate of S$1.00 = JPY76.1198 being the rate at the time of acquisition.

Key Property Statistics
As at 30 September 2008
Address

Number 1-1, Haneda 5 Chome, Ota-ku, Tokyo

Tenure

Shoyu-ken[2]

Net Lettable Area (NLA)

52,050 sq ft (4,836 sqm)

Car Spaces

20

Date Completed

27 April 2001

Occupancy Rate

100.0%

PML

14%

WALE by income

1.8 years

[2] Ownership rights under Japanese law, similar to freehold.

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