State Street Extends Relationship with Mitsui Fudosan

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Thursday, June 28, 2012 8:08 am EDT

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LONDON
"Mitsui Fudosan is becoming a significant international player in the UK property development market and we are very pleased with their confidence in our ability to meet their needs across an expanded portfolio of investments"

State Street Corporation (NYSE: STT) one of the world’s leading providers of financial services to institutional investors, announced today that it has extended its relationship with Mitsui Fudosan, a Japanese real estate firm, to provide administration, registrar and trustee services for two additional Jersey Property Unit Trusts (JPUTS): Moorgate Property Unit Trust and Mark Lane Property Unit Trust.

Mitsui Fudosan is one of Japan’s largest property firms and State Street was originally appointed by the firm in 2008 to support its expansion within the UK property market by providing fund administration services for the 5 Hanover Square Unit Trust.

The decision by Mitsui Fudosan to expand its range of JPUTS reflects the increased level of investor interest in the UK property market.

"Mitsui Fudosan is becoming a significant international player in the UK property development market and we are very pleased with their confidence in our ability to meet their needs across an expanded portfolio of investments," said Simon Burgess, product head for State Street's real estate fund services business.

About State Street Corporation

State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $23.2 trillion in assets under custody and administration and $2 trillion* in assets under management at March 31, 2012, State Street operates in 29 countries and more than 100 geographic markets. For more information, visit State Street’s web site at www.statestreet.com

State Street is a leading servicer of real estate assets globally. With extensive expertise in real estate accounting and administration, reporting, investor services and portfolio investment analysis, we have more than 20 years of experience meeting the needs of clients ranging from boutique property managers to some of the world’s largest blue-chip real estate asset managers and real estate investors. With a global footprint, we are committed to delivering service excellence through our specialist real estate teams.

This AUM includes the assets of the SPDR Gold Trust (approx. $68 billion as of March 31, 2012), for which State Street Global Markets, LLC, an affiliate of State Street Global Advisors, serves as the marketing agent.

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