Mitsui Fudosan Logistics Park Inc.

Symbol: 3471
Exchange: TSE
Founded: 2016 (3 years)
HQ: Tokyo, Japan
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Industrial, Infrastructure

See 3471 on Google Finance
See 3471 on Yahoo Finance

Website Logo 

Mitsui Fudosan Logistics Park Inc. Company Logo

About Mitsui Fudosan Logistics Park Inc.

Mitsui Fudosan Logistics Park Inc. ("MFLP-REIT") was listed on the Tokyo Stock Exchange Real Estate Investment Trust Market on August 2, 2016. With Mitsui Fudosan Co., Ltd. ("Mitsui Fudosan") as sponsor, MFLP-REIT invests primarily in logistics facilities. The leasing market for logistics facilities has maintained stable rental revenue and low vacancies on the back of a robust supply-demand balance in recent years. Demand is expected to continue rising, mainly in leading-edge logistics facilities, against a backdrop of the increase in leasing demand due to the expansion of 3PL provider and the e-commerce market. The funding environment has also remained favorable due to the current monetary easing policy. In this environment, MFLP-REIT has formed a strategic partnership in the logistics facilities business with Mitsui Fudosan, with which MFLP-REIT concluded a right of first look and preferential negotiation agreement (a pipeline agreement) and established a strong pipeline support system. MFLP-REIT will run its business under a basic policy that aims for continuous improvement of unitholder value through continuous growth. To this end, we will cooperate closely with Mitsui Fudosan, which has a high level of comprehensive strength in the logistics facilities business, including know-how in leasing based on its client network base developed in its office buildings and retail facilities businesses, as well as in property management/operation.