DPL Okayama Hayashima

Completed in September 2017, DPL Okayama Hayashima is positioned within proximity of Sanyo Expressway Hayashima interchange, with easy access to the Okayama area, Osaka area, and Kyushu area as well.

With a total floor area of 24,173 sq m, the Property is a two-storey warehouse for multiple tenants. The property is currently occupied by EDION Corporation, one of the largest appliances retailers in Japan, and K.R.S Corporation, a 3PL operator. Some warehouse units of the property are equipped with temperature control facilities to dry, freeze or chill.

There are 204 parking bays on the Property.

Summary of Selected Information

Land Address 3500, Hayashima, Hayashima-cho, Tsukubo-gun, Okayama, Japan
Land Tenure Leasehold expiring on 29 April 20671
Completion Date 19 September 20172
Occupancy as of 31 March 2022 (%) 100.0
Parking Bays 204
Number of Storeys 2
NLA (sq m) 23,541.34
Land Area (sq m) 27,273.97
Valuation as at 31 December 2021 JPY 4,520 million
S$ 50.2 million
Purchase Consideration JPY 3,650 million
S$ 43.2 million
WALE by Occupied1 NLA as at 31 March 2022 (years) 5.2
Note:
  1. The Property Trustee holds some parcels of the land as freehold interest and the rest of the land parcels as sub-leasehold rights.
  2. Block A of DPL Okayama Hayashima was newly constructed on 19 September 2017 and Block B was further constructed on 30 November 2018.