Redevelopment of the former Defense Agency site in Roppongi: "Tokyo Midtown"
Providing excellent hospitality through collaboration with world-class
partners in the rental housing and medical center businesses
Offering a new type of urban lifestyle in "Tokyo"

November 8, 2005
Representative: Mitsui Fudosan Co., Ltd.

The consortium comprising the National Mutual Insurance Federation of Agricultural Cooperatives, Meiji Yasuda Life Insurance Company, Sekisui House, Ltd., Fukoku Mutual Life Insurance Company, Daido Life Insurance Company and Mitsui Fudosan Co., Ltd. will offer a new type of urban lifestyle unique to Tokyo Midtown in collaboration with The Ritz-Carlton, Oakwood, HIMEDIC and Johns Hopkins Medicine International. Services and Hospitality will be provided through rental housing and a medical center to be established in Tokyo Midtown, which will be the culmination of efforts currently underway to redevelop the former Defense Agency site in Roppongi.

As Japan’s economy enters its maturity it is making the transition from a manufacturing society to an information and service-based society. This project is based on the awareness that know-how and experience create vitality. Through thorough pursuit of collaborations with corporations and individuals with excellent reputations in their respective fields, the project aims to integrate the separate functions of offices, housing, commercial facilities, hotel, design-related facilities, etc. to achieve new value in urban development. The recently announced collaboration with each of these companies is designed to integrate the separate functions of "housing, hotel and offices" and "medical center, housing and offices."

The project will include a total of 517 residences, consisting of three types of rental apartments according to length of tenancy and purpose of use in order to meet the wants and needs of the ever more diversified and sophisticated lifestyles of urban residents.

• The 244 unfurnished residences at Parkside Tower at The Ritz-Carlton, Tokyo will be Japan's first luxury apartments to be managed by a five-star hotel. Those living in the residences will be able to experience all of the service and amenities for which The Ritz-Carlton Hotel Company is world-renowned.
• OAKWOOD PREMIER TOKYO MIDTOWN, consisting of 107 residences, will be the highest luxury brand operated by Oakwood, the leading global operator of serviced apartments. Oakwood provides luxury hospitality service as well as designer furniture, household and kitchen equipment, maid services and concierge services, which enable international executives to enjoy a comfortable and elegant life.
• Midtown East Residence will include 166 residences and be designed with those who integrate work into everyday lives and enjoy an urban lifestyle. This sophisticated, luxurious rental apartment will provide a relaxing atmosphere along with business support facilities and services.
  * Please see the appended materials for profiles of each of these housing projects.

Additionally, as for the Medical Center to be established in the Midtown Tower, Tokyo Midtown Medicine Co., Ltd. was established through venture of High Technology Medical Complex (HIMEDIC) Co., Ltd., a company with experience in operating leading membership-based medical institutions in Japan, and Mitsui Fudosan Co., Ltd. to provide operational support to the center. . Tokyo Midtown Medicine will introduce wide-ranging expertise in the planning and operation of the facility under institutional affiliation with Johns Hopkins Medicine International, achieved for the first time in Japan. This international and to be the nation’s largest build-in medical facility will provide advanced medical care to residents of the area, including foreign citizens, in addition to those living and working in Tokyo Midtown. Medical Corporation Soshinkai will open the clinic.

* Johns Hopkins Medicine International is a unit of Johns Hopkins Medicine, which is the administrative body of The Johns Hopkins Hospital, ranked number one hospital for the 15th consecutive year in America’s Best Hospitals ranking of U.S. News & World Report.
* Please see the appended materials for a profile of the medical center.

The consortium has already invited the Suntory Museum of Art and is committed to establish art and design related facilities such as 21/21 DESIGN SIGHT, a new base for design activities. It will continue to work jointly with the best partners in each field to gather solid experience and build communities with the capacity to transmit information and give birth to creativity through interpersonal interactions.

<Attachment 1 > Overall Outline

Location	9-chome Akasaka, Minato-ku, Tokyo
Access	Planned direct connection with Roppongi Station on the Toei-Oedo and Tokyo Metro Hibiya lines 3-minute walk from Nogizaka Station on the Tokyo Metro Chiyoda Line
Site Area	Approx. 68,900 m2
District Planning Area	Approx. 102,000 m2
Total Floor Area	Approx. 569,000 m2 Offices: Approx. 330,000 m2 Residence: Approx. 111,000 m2 (517 units) Hotel: Approx. 48,000 m2 (approx. 250 rooms) Commercial Space: Approx. 57,000 m2 Others: Approx. 23,000 m2
Construction	Construction Joint Venture of Takenaka Corporation and Taisei Corporation (Midtown Tower, Parkside, Midtown West) Joint Venture of Taisei Corporation and Takenaka Corporation (Midtown East, Midtown Front)
Architecture	Chief Architect: Nikken Sekkei Ltd. Master Architect: Skidmore, Owings & Merrill LLP Landscape Design: EDAW, Inc. Commercial Wings Design: Communication Arts, Inc., Kengo Kuma & Associates 21/21 DESIGN SIGHT Design: Tadao Ando Architect and Associates and Nikken Sekkei Ltd. *For residential wings, please see Appendix 5.
Project Schedule	Commencement: May 2004 Completion: Spring 2007 (planned Grand Opening)

<Attachment 2 > Location Map

<Attachment 3 > Site Plan

<Attachment 4 > Exterior Perspective Drawing

<Attachment 5 > Profiles of Rental Apartments

Parkside Tower at The Ritz-Carlton, Tokyo

Location	Parkside Tower (29 floors)
Units	244
Area per Room	Approx. 602 to 2192, Penthouse: Approx. 4222 to 5002
Type	1 to 4 bedrooms
Management	The Ritz-Carlton Hotel Company, L.L.C. (Tokyo)
Open for Occupancy	Spring 2007
Design	Jun Aoki & Associates as exterior design supervisor Frank Nicholson as interior designer.
Features	The 244 unfurnished residences at Parkside Tower at The Ritz-Carlton, Tokyo will be Japan's first luxury apartments to be managed by a five-star hotel. Those living in the residences will be able to experience all of the service and amenities for which The Ritz-Carlton Hotel Company is world-renowned. These special services will include concierge and doorman. They will also enjoy housekeeping, catering and personal access to the hotel's spa and fitness center on the 46th floor on demand basis. Designed by acclaimed interior designer Frank Nicholson, the residences will offer the convenience of urban living with the comfort of an exclusive private home. Notable features will include meeting space for business and private functions, as well as a lounge area for entertaining guests.

Oakwood PREMIER TOKYO MIDTOWN

Location	Midtown West Tower (1st to 8th floor)
Units	107
Area per Room	Approx 42 m2 to 133 m2
Type	Studio, 1 to 3 bedrooms
Management	Oakwood Property Management, L.L.C. (Tokyo)
Open for Occupancy	Spring 2007
Design	Sakakura Associates Architects and Engineers as exterior designer. Nikken Space Design Ltd. as interior.
Features	OAKWOOD PREMIER TOKYO MIDTOWN is a luxury brand of Oakwood, the leading global operator of the serviced apartment industry, targeting mid-and-long term stay by business travelers. Each room will be equipped with elegant designer furniture, household and kitchen equipment. Oakwood will provide luxury hospitality services such as 24-hour front desk and daily housekeeping. The property will also feature a fitness gym, exclusive Residents' Lounge and business center. International executives will find maximum luxury, style and efficiency.

Midtown East Residence

Location	Midtown East Tower (12st to 24th floor)
Units	166
Area per Room	Approx. 49m2 to 190m2, Penthouse: Approx. 181m2 to 316m2
Type	Studio, 1 to 3 bedrooms
Management	Mitsui Fudosan Housing Lease Co., Ltd. (tentative)
Open for Occupancy	Spring 2007
Design	Skidmore, Owings & Merrill L.L.P. as exterior designer Nikken Space Design Ltd. and Yoshi Design New York and Gensler as interior designer for common area I-Land-Alpha Co., Ltd. as interior designer for rentable area
Features	Midtown East Residence, a sophisticated, high-grade rental residence, locates closest to Roppongi Station and designed with those who integrate work into everyday lives and enjoy an urban lifestyle. The lobby is on the 13th floor and will also feature rental meeting rooms and an individual lounge which residents can use for business or private purposes. In addition to the front desk service there will also be 24-hour support services, which include guest reception and reservations for the rental meeting rooms and an individual lounge.

<Attachment 6 > Profile of Medical Center

Location	6th floor of Midtown Tower
Area	Approx. 2,034.80 m2
Operation	Tokyo Midtown Medicine Co., Ltd. (Joint venture of HIMEDIC Co., Ltd. and Mitsui Fudosan Co., Ltd.)
Medical Corporation	Soshinkai
Open	Spring 2007 (tentative)
Features	Johns Hopkins Medicine International will cooperate by lending its expertise in the planning and operation of medical facility. The facility will provide a high level of hospitality through its high-grade equipment and outsourcing services as well as value-added services for both Japanese and non-Japanese citizens.

<Attachment 7 > Company Profiles

Profile of The Ritz-Carlton(http://www.ritzcarlton.com/)
The Ritz-Carlton Hotel Company, LLC, headquartered in Chevy Chase, Md(USA)
operates 59 hotels and resorts around the world. It is the only hotel company to have twice won the coveted Malcolm Baldrige National Quality Award from the U.S. Department of Commerce. The ladies and gentlemen of Ritz-Carlton are committed to the highest standards of personalized guest service and the company is ranked among the world's best for service excellence.

Profile of Oakwood(http://www.oakwood.com/)
Oakwood is the leading global provider of serviced apartments including comfortable private residences and hotel security. Founded in 1960 in California, the Los Angels based company, Oakwood Worldwide, now provides more than 20,000 residences located throughout North America, Asia and Europe. The Oakwood Premier luxury brand is now located in Seoul and Manila, with future locations in development in Bali, Bangalore, Bangkok, Beijing, Jakarta, Kuala Lumpur, Mumbai and Tokyo.

Profile of Johns Hopkins Medicine(http://www.hopkinsmedicine.org/)
Established in 1889 in Baltimore, Maryland U.S.A. The Johns Hopkins Hospital, which is under administration of Johns Hopkins Medicine, has been named the number one hospital in the United States for the 15th consecutive year by America’s Best Hospitals, a ranking of U.S. News & World Report, L.P. In addition to three inpatient hospitals it also encompasses outpatient centers and university. Johns Hopkins Medicine International is the unit within Johns Hopkins Medicine that facilitates the transfer of knowledge from Johns Hopkins in patient care, research, and medical education to institutions and physicians around the world. It also provides technical assistance to hospitals on how to improve the quality and efficiency.

Profile of HIMEDIC Co., Ltd.(http://www.himedic.jp/)
Operates a members-only medical club that performs health examinations using PET and other state-of-the-art medical instruments. The company has established a health examination centers at XIV Yamanakako and Hotel Trusty Shinsaibashi and plans to begin health examination services in partnership with the University of Tokyo Hospital in Fall 2006.

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