DPL Sendai Port

Completed in March 2017, DPL Sendai Port is located in Sendai (the biggest city of Tohoku/North East of Japan), and positioned within proximity of an expressway and is also located approximately 15 km east of Sendai CBD.

In addition, the Property is located approximately 25 km and 1.5 km from Sendai Airport and the Port of Sendai-Shiogama respectively.

With a total floor area of 64,309 sq m, the Property is a two-storey building, with a maximum of eight (8) warehouse units for multiple tenants. The ready built warehouse units enable third party logistics service providers to set up operations with speed and ease. The warehouse units have their own office spaces and dedicated loading and unloading bays inside warehouse which allows for an efficient workflow. Tenants are able to operate even in snowy weather or the winter season.

The Property provides 24-hour security service and is equipped with LED lighting equipment. There are 204 parking bays on the Property.

The Property is currently occupied by, among others, Nitori Co., Ltd. (a furniture and home accessories retail company), Hitachi Transportation System Ltd. (a TSE-listed 3PL service provider) and Suntory Logistics Ltd (a group company of Suntory Holdings, a global food and beverage conglomerate).

Summary of Selected Information

Land Address 15-13, Minato 4-chome, Miyagino-ku, Sendai-shi, Miyagi, Japan
Land Tenure Freehold
Completion Date 10 March 2017
Occupancy as of 31 March 2022 (%) 100.0
Parking Bays 204
Number of Storeys 2
NLA (sq m) 63,118.56
Land Area (sq m) 58,867.01
Valuation as at 31 December 2021 JPY 12,900 million
S$ 143.2 million
Purchase Consideration JPY 11,580 million
S$ 137.0 million
WALE by Occupied NLA as at 31 March 2022 (years) 1.0