D Project Kakegawa S

Completed in May 2019, this BTS warehouse is located in Shizuoka prefecture. The Property is situated within proximity of the Tomei Expressway Kakegawa interchange/ Shinkansen Express Train Kakegawa station, with easy access to Tokyo Area, Nagoya Area and Osaka Area.

With a total floor area of 21,173 sq m, this three-storey warehouse was built for a TSE-listed 3PL operator, which provides logistics service for a household goods manufacturer. There are 40 parking bays on the Property.

Summary of Selected Information

Land Address 1315-2, Minamisaigo, Kakegawa-shi, Shizuoka, Japan
Land Tenure Freehold
Completion Date 1 May 2019
Occupancy as of 31 March 2022 (%) 100.0
Parking Bays 40
Number of Storeys 3
NLA (sq m) 22,522.50
Land Area (sq m) 25,633.00(1)
Valuation as at 31 December 2021 JPY 4,190 million
S$ 46.5 million
Purchase Consideration JPY 3,980 million
S$ 47.1 million
WALE by Occupied1 NLA as at 31 March 2022 (years) 12.1
Note:
  1. Land Area is the aggregate of land area of two parcels which to be acquired, although one parcel of the land will be co-owned by the Property Trustee and the Sponsor.