The NIKKEI REAL ESTATE MARKET REPORT Starts in July, Providing Information on Japan's Real Estate Market in English

Nikkei Business Publications, Inc. (Head Office: Tokyo, President:
Seiichi Oteru) started a fee-based information site, the NIKKEI REAL
ESTATE MARKET REPORT at http://realestate.nikkeibp.co.jp/ on July 1.
The site offers information on the movement of the Japanese real
estate investment market in English. Now anyone can download the
Sample Article Collection which includes 110 News headlines, 15 sample
news articles, 2 research reports and 176 transactions data.

The real estate investment business is becoming increasingly
internationalized every year. As the country that boasts the second
largest market in the world after only the United States, Japan is no
exception. Companies such as Morgan Stanley and GE Real Estate of the
U.S., Singapore's CapitaLand and Australia's Babcock & Brown are
starting to invest hundreds of billions of yen. Morley Fund
Management, the largest asset management company in Europe, has also
announced investments of roughly 590 billion yen, evidence of
expanding investment in the Japanese real estate market.

Nikkei Business Publications, Inc. launched the Japanese language
version of the Nikkei Real Estate Market Report in 2002. Proprietary
information that isn't available from any other source on individual
deals, including background information, transaction prices, yields
and rents, is supplied in the form of news and reports. Based on the
success of this site, news on Japanese property markets will be
published in English, information that is indispensable for making
investment decisions in Japan. In addition, lists of deals occurring
nationwide in Japan, as well as analysis reports on real estate
investment and development in major cities, will be presented.

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Main Content

-- Latest News and Behind-the-scenes Reports
Flash reports on property trades, corporate strategies and
market behavior. Detailed tracking of transaction prices,
yields and rents.

-- Research and Analysis Reports
Original studies and analysis on real estate investment
movement trends in property development and office space
market conditions will be distributed in reports.

-- Monthly Deals
A list of deals occurring nationwide will be presented in
table format and made available as market analysis data.

-- Weekly Pick
To better understand the movement of the market, a weekly
email newsletter covering all the news published on our
website will be sent to you.
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(Media Outline)

Name: NIKKEI REAL ESTATE MARKET REPORT

Website: http://realestate.nikkeibp.co.jp/

Start of Service: July 1

Subscription Fees: Special Offer 300,000 yen (valid 12 months,
available to residents outside Japan only.)

(Regular Fees 360,000 yen: 30,000 yen/month x 12 months)

-- For subscriptions from Japan, please check our website.

(Publisher)

Name: Nikkei Business Publications, Inc. (a wholly-owned
subsidiary of Nikkei, Inc.)

President: Seiichi Oteru

Location: 1-17-3 Shirokane, Minato-ku, Tokyo, Japan

Capital: 400 million yen