Nomura REMF buy Tokyo logistics facility for ¥14bn

Tokyo-listed Nomura Real Estate Master Fund has acquired a logistics warehouse in Tokyo from Nomura Real Estate Development for ¥14.62bn.

The Landport Ome II property is located 2.4km from the Ome interchange on the Ken-O expressway and near national route 16, allowing for wide-area delivery to the entire Tokyo metropolitan area.

The three-storey slope facility offers 63,748 sq.m. of lettable area and is fully occupied to a single tenant.

“The asset to be acquired is located in the Nishi-Tokyo Industrial Park, which is a 10-minute walk from Ozaku Station on the JR Ome Line, the nearest station, so it can operate 24 hours a day, 365 days a year and allows tenants to maintain a favorable employment environment,” the company said.

Nomura Real Estate Master Fund shares closed 0.55% lower at ¥126,800 on Wednesday. 

Index Change Value at close
S&P/ASX 200 A-REIT +1.88% 1,293.70
S&P/ASX 200
+2.42% 5,923.90
FTSE ST REITS +0.98% 854.06
STI +0.72% 2,481.14
Tokyo Stock Exchange REIT
-0.12% 1,691.98
Nikkei 225
-0.06% 23,346.49
Hang Seng REIT -0.57% 5,459.85
Hang Seng +0.11% 23,742.51