DPL Iwakuni 1 & 2

DPL Iwakuni 1 & 2 is located in Iwakuni city, which has played an important role as a part of the Setouchi Industrial Zone and has close access to Hiroshima City, the largest city in Chugoku area.

It is easily accessible via the nearby “Iwakuni Interchange” on the Sanyo Expressway. DPL Iwakuni 1 & 2 is also located within a 10.0 km radius from Iwakuni Port, an industrial port that handles mainly cargo related to the adjacent petroleum complex, pulp and paper, and chemical industries, as well as marine container cargo.

The Property has a spacious ground layout which makes movement and handling of goods and materials easy. DPL Iwakuni 1 & 2 has a floor load of 2.5 tonne per sq m, exceeding Japan's modern logistics facilities standardised at 1.5 tonne per sq m. DPL Iwakuni 1 & 2 is also equipped with LED lighting equipment and solar panels with a capacity of 1.8 megawatts-peak.

DPL Iwakuni 1 & 2 is currently occupied by five tenants, including Nippon Express Co., Ltd. which is a global third-party logistics company that utilises the space as a distribution hub to cover the Hiroshima metropolitan area.

Summary of Selected Information

Land Address 1528-2, 1815-3, Naganojiri, Nagano, Iwakuni, Yamaguchi, Japan
Land Tenure Freehold
Completion Date DPL Iwakuni 1: 28 September 2016
DPL Iwakuni 2: 19 March 2020
Occupancy as of 30 June 2023 (%) 100.0
Parking Bays 60
Number of Storeys 1
NLA (sq m) 15,461.34
Land Area (sq m) 30,105.22
Valuation as at 31 December 2022 JPY 2,240 million
Purchase Consideration JPY 1,900 million
WALE by GRI as at 30 June 2023 (years) 2.0