NIKKEI BP

English Website NIKKEI REAL ESTATE MARKET REPORT Starts in July

Tokyo – June 12, 2007 – Nikkei Business Publications (President & CEO: Seiichi Oteru; Tokyo) starts on July 1 “NIKKEI REAL ESTATE MARKET REPORT (http://realestate.nikkeibp.co.jp/),” a paid English website covering trends in the Japanese real estate investment market.

Real estate investment business is becoming more and more internationalized every year, and Japan, with the largest market size next to the U.S., is no exception. With giant companies like Morgan Stanley, GE Real Estate, CapitaLand, and Babcock & Brown starting their investments at a hundreds-of-billions-of-yen scale, and Morley Fund Management, the largest European asset management company, announcing its investment of 590 billion yen in the Japanese market, investment in Japanese real estate has been increasing.

While the interest in the Japanese real estate market is rising, many overseas investors are having difficulties in finding information and market data necessary to develop their strategies. NIKKEI REAL ESTATE MARKET REPORT will meet the increasing demand for the market information in English from these overseas investors and foreign-affiliated real estate companies in Japan.

Nikkei BP had launched in 2002 a real estate news site in Japanese “Nikkei Real Estate Market Report,” where you can find news and reports unavailable elsewhere, including actual cases of trading, trading prices, yields, and rents. Based on this experience, NIKKEI REAL ESTATE MARKET REPORT will deliver relevant market news in English to help foreign investors with their investment decisions. It will also offer a list of trading cases collected throughout the country and analyses on real estate investment / development in major cities in Japan.

Highlights

· Latest News and Behind-the-scenes Reports

Flash reports on trading, corporate strategies, and market trends, with information on trading prices, yields, and rents

· Research and Analysis Reports

Trend reports on real estate investment and development in major cities in Japan, based on our unique research and analysis

· Monthly Deals

A list of trading cases nationwide; indispensable material for market analysis

· Weekly Mail

Email newsletter covering news run on the site, to give you a quick track of recent market developments

Subscription

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

Subscription fee: special opening discount for residents in Japan – 315,000 yen / year (tax included)

(Regular rate: 378,000 yen; 31,500 yen/month ×12)

※Please visit our website for the rate for overseas residents.

For further details, please contact:

http://realestate.nikkeibp.co.jp/re/contactus, or

International Office

Phone: +813-6811-8502

Fax: +813-5421-9058

http://www.nikkeibp.com

Email: info@nikkeibp.com

This press release may contain forward-looking statements that reflect the company's current views with respect to future events and business performance. Those forward-looking statements are subject to certain risks and uncertainties and the company's actual results could differ materially from those discussed in the forward-looking statements. These risks and uncertainties include, among other factors, general business and economic conditions, rapid or unexpected changes in technologies, cancellation or delay of customer orders.

About NikkeiBP

Nikkei Business Publications is part of the Nihon Keizai Shimbun group, the world's largest group of companies providing mainly business and financial information for most Japan's decision makers. Covering a wide variety of specialized areas including business, computer, electronics, construction, services and medicine, Nikkei Business Publications is the number one business publisher in Japan. As of December 7, we publish 39 magazines and 3 newsletters, reaching a combined total readership of over 2.3 million.

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