Nippon Prologis REIT, Inc. completed the acquisition of Prologis Park Ogori from Hisayama Property Specific Purpose Co.
December 14, 2022
Share
Nippon Prologis REIT, Inc. (TSE:3283) agreed to acquire Prologis Park Ogori from Hisayama Property Specific Purpose Co. for ¥5.92 million on December 5, 2022. The transaction is expected to complete on December 15, 2022. As on December 13, 2022, The Borrowing will be made for funding the acquisition costs of Prologis Park Inagawa 1, Prologis Park Kobe 3 and Prologis Park Ogori and the amount of borrowing is ¥14 billion. Out of ¥14 billion borrowing, The short term borrowing is ¥5 billion and will be financed by Sumitomo Mitsui Banking Corporation and MUFG Bank, Ltd. and the long term borrowing is ¥9 billion and will be financed by Sumitomo Mitsui Banking Corporation, MUFG Bank, Ltd., Mizuho Bank, Ltd., Development Bank of Japan Inc., Resona Bank, Limited., The Norinchukin Bank, The Bank of Fukuoka, Ltd., The Nishi-Nippon City Bank, Ltd., The Iyo Bank, Ltd., The 77 Bank, Ltd., The Yamanashi Chuo Bank, Ltd., Aozora Bank, Ltd., Shinsei Bank, Limited, Shinkin Central Bank and MUFG Bank, Ltd.
Nippon Prologis REIT, Inc. (TSE:3283) completed the acquisition of Prologis Park Ogori from Hisayama Property Specific Purpose Co. on December 15, 2022.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
NIPPON PROLOGIS REIT, INC. 
