D Project Iruma S

Completed in December 2017, this BTS warehouse is located at Iruma City, Saitama prefecture (approximately 30 km northwest of Tokyo). The Property is situated within proximity of Ken-O Expressway Iruma interchange, with easy access to Tokyo’s CBD area, and also all Saitama area.

With a total floor area of 15,328 sq m, this three-storey warehouse was built for Tokyo Logi Factory Co., Ltd., a leading Japanese 3PL company which services numerous industries including food and beverages, medicines and industrial materials.

This warehouse has two sides of berth which is suitable for regional distribution activities. There are 46 parking bays on the Property.

Summary of Selected Information

Land Address 224-1, Sayamagahara, Iruma-shi, Saitama, Japan
Land Tenure Freehold1
Completion Date 18 December 2017
Occupancy as of 31 December 2023 (%) 100.0
Parking Bays 46
Number of Storeys 3
NLA (sq m) 14,581.81
Land Area (sq m) 11,528.52
Valuation as at 31 December 2023 JPY 4,870 million
Purchase Consideration JPY 4,406 million2
WALE by GRI as at 31 December 2023 (years) 14.0
  1. DHLT, in substance, owns the full freehold property of D Project Iruma S after acquiring the underlying freehold land.
  2. Comprised the aggregate purchase consideration for property and freehold land.