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.
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