Frasers Hospitality Group To Open In Tokyo

Singapore -- Frasers Hospitality Group, a division of Frasers Centrepoint Limited ("FCL"), today announced the collaboration with Japan's leading property and real estate developer, Sekisui House, Ltd ("Sekisui House") to open Fraser Suites Tokyo. Redeveloped from an existing 4-storey commercial building, Fraser Suites Tokyo will be a 23-storey building comprising 223-unit premier Gold-standard serviced residence.

"Globally we aim to have a presence in major key gateway cities, and our entrance into Tokyo brings us one step closer to this goal. As the capital of Japan and one of the world's most bustling metropolis, Tokyo presents an exciting milestone for us. Fraser Suites Tokyo is a significant addition to our established presence in Japan, and we hope to continually increase our portfolio in central Japan", said Mr Choe Peng Sum, Chief Executive Officer of Frasers Hospitality Group.

The leading real estate developer in Japan, Sekisui House is involved in local and international housing developments, comprehensive urban commercial projects and mixed-use developments. Sekisui House is no stranger to hospitality properties, having collaborated with international hotel brands to launch Ritz Carlton and St Regis in Kyoto and Osaka respectively. With a strong focus and emphasis on environmental sustainability, Sekisui House is a front-runner in incorporating environmental technologies into their developments and the upcoming Fraser Suites Tokyo will be no exception.

Mr Choe added, "We are very honoured to be able to partner Sekisui House in the collaboration of Fraser Suites Tokyo. This partnership represents an extension of the long-established relationship between FCL and Sekisui House. Sekisui House has a strong and reputable presence in Japan and we are very confident of this synergistic partnership. Tokyo has witnessed robust market growth over the years and will continue to set itself as a key tourism, cultural and economic hub. The premium product and offering of Fraser Suites Tokyo will further complement the vibrant business and leisure destinations within the locality. "

Located in the premier district of Minato-ku, Akasaka, Fraser Suites Tokyo is in close proximity to prime commercial and residential developments, foreign embassies and the Prime Minister's official residence. Centrally positioned amidst Tokyo's main transportations hubs, Akasaka station, Akasakamitsuke station and Aoyamaicchome station, it allows for quick and easy access around Tokyo and across cities.

Befitting of the Fraser Suites brand, world-renowned Hirsch Bedner Associates have been appointed interior designers of Fraser Suites Tokyo. The interior design will embody touches of sophistication and understated elegance with evident traditional Japanese accents highlighted throughout the property. Fraser Suites Tokyo offers a selection of spacious and luxurious studio apartments and one-bedroom apartments, ranging 35sqm to 60sqm. Each fully-serviced residence will feature living, dining, and bedroom areas furnished with international quality fittings. A wide comprehensive range of lifestyle facilities provided will include a fully-equipped 24-hour gymnasium, a golf simulator, an alfresco dining restaurant with beer garden and a 140sqm conference and meeting facility. Also available is the signature Retreat, where one can rest and relax amidst a tranquil setting.

Mr Choe continued, "Japan is a very important market and one of the industrial and economic leaders in the Asia Pacific region. Fraser Suites Tokyo is slated to open in time for the 2020 Summer Olympics. Along with the government's plan to achieve its target of 40 million visitors by 2020 , we will expect to see a rise in room rates against the backdrop of increasing demand."

According to the Japan National Tourism Organization, the growth of international tourists has been robust over the last few years and recorded arrivals of 11.1 million in the third quarter of 2015, a 47% increase from the same period in 2014 . Rising international tourist numbers and strong domestic business sentiment have allowed the hospitality industry in Japan to thrive.

In line with its global expansion plans to achieve 30,000 units by 2019 , Frasers Hospitality Group is on track to further establish its presence in Japan as well as the rest of Asia. Recently awarded "Japan's Leading Serviced Apartment Brand" by World Travel Awards, Frasers Hospitality Group was also the first international serviced residence in Osaka, Japan with its launch of Fraser Residence Nankai, Osaka in 2010.

Frasers Hospitality Group's global portfolio, including those in the pipeline, stands at 139 properties and more than 80 cities and 22,800 keys worldwide.

About Frasers Property Limited

Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the "Frasers Property Group" or the "Group"), is a multi-national owner-operator-developer of real estate products and services across the property value chain. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as at 31 March 2020. Frasers Property's multi-national businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 70 cities across Asia, Australia, Europe, the Middle East and Africa. Frasers Property is also the sponsor of two real estate investment trusts ("REITs") and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Land Property Development Public Company Limited is the sponsor of Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging its people, knowledge and capabilities from across markets to deliver value in its multiple asset classes For more information on Frasers Property, please visit frasersproperty.com.

About Frasers Hospitality

Frasers Hospitality, a member of Frasers Property Group, celebrates 22 years of offering memorable experiences to guests through its Gold-Standard serviced, hotel residences and boutique lifestyle hotels across Asia, Australia, Europe, the Middle East and Africa. Growing from two properties in Singapore to more than 140 properties in over 70 cities, Frasers Hospitality is now one of the world's largest and fastest-growing providers of serviced and hotel residences. Conceived with the lifestyle preferences of today's discerning business and leisure travellers in mind, the global hospitality operator has three Gold-Standard serviced residences offerings - Fraser Suites, Fraser Place and Fraser Residence, a modern and eco-lifestyle brand, Modena by Fraser, and a design-led hotel residence brand, Capri by Fraser. In addition, it operates two brands of upscale boutique lifestyle hotels in the key cities of UK, Malmaison and Hotel du Vin. With a remarkable list of accolades and awards as recognition of its success, Frasers Hospitality remains committed to anticipating the evolving needs of executive travelers and exceeding expectations with continuous innovation and intuitive service, creating a second home for guests where staff feel like family and residents feel like community. For more information on Frasers Hospitality, please visit frasershospitality.com.

Linette Ong
Executive – Klareco Communications
+65 9144 8476
Frasers