Public Listing of Mitsui Fudosan Logistics Park Investment Corporation
August 2, 2016
Mitsui Fudosan Co., Ltd..
Mitsui Fudosan Co., Ltd. announced today that Mitsui Fudosan Logistics Park Inc., which is operated by wholly owned subsidiary Mitsui Fudosan Logistics REIT Management Inc., was publicly listed on the Tokyo Stock Exchange REIT Index.
Mitsui Fudosan Logistics REIT Management Co., Ltd. planned the foundation of Mitsui Fudosan Logistics Park Inc., which they established in March 2016 as an investment corporation mainly for investment in logistics real estate.
One growth strategy in Mitsui Fudosan’s Medium-Term Business Plan “Innovation 2017 Stage Ⅱ” (2015-2017) is establishing a logistics REIT and implementing a model for cooperation with investors. The public listing of Mitsui Fudosan Logistics Park has been positioned as a concrete step under this strategy.
Looking ahead, Mitsui Fudosan Co., will build a working relationship with Mitsui Fudosan Logistics Park Inc., based on an agreement regarding prioritized provision of information and engage in such activities as the supply of logistics real estate and the undertaking of contracted property management operations, taking due consideration of conflicts of interest, and steadily strive to contribute to the further development of the real estate investment market.
Overview of the Investment Corporation
| Name |
Mitsui Fudosan Logistics Park Investment Corporation |
| Corporate Officer |
Masayuki Isobe |
| Supervisory Officers |
Izuru Goto, Tadao Toshima |
| History |
Established March 4, 2016
On March 25, 2016, registration was completed under Article 187 of the Securities Investment Trust Law under request for registration by the Prime Minister |
Overview of the Asset Management Company
| Name |
Mitsui Fudosan Logistics REIT Management Co., Ltd. |
| Established |
August 24, 2015 |
| Capital |
¥200 million yen (Mitsui Fudosan investment 100%) |
| Head Office Location |
8-7 Ginza 6-Chome, Chuo-ku, Tokyo |
| Business |
Asset management for investment corporations and other operations |
| Representative |
Chishu Zushi |
| Number of employees |
16 |
