The portfolio currently comprises 16 modern logistics properties which are built to high specification. The properties are strategically located with proximity to transportation and shipping infrastructure. The portfolio has a high occupancy rate anchored by a diversified blue-chip tenant base which are involved in multiple sectors including 3PL and e-commerce.
The properties are diversified across the Greater Tokyo Area as well as core regional markets throughout Japan to mitigate concentration risk. The portfolio has a mix of built-to-suit single-tenanted and multi-tenanted properties, providing a balance of both long-term stability and opportunities for rent increases upon lease renewals, as well as a balanced mix of freehold and leasehold assets.
As at 31 December 2022
|Property||Region||Land Lease Expiry||Completion Year||NLA
|Occupancy(1)||WALE by Occupied NLA (years)(1)||Appraised Value (million)(1)||Purchase Consideration
|DPL Sapporo Higashi Kariki||Hokkaido||Freehold||Feb 2018||60,347||100.0%||3.3||¥12,800||¥10,520|
|DPL Sendai Port||Tohoku||Freehold||Mar 2017||63,119||100.0%||1.8||¥13,200||¥11,580|
|DPL Koriyama||Tohoku||Freehold||Sep 2019||34,174||82.3%||0.8||¥6,870||¥5,350|
|D Project Maebashi S||Greater Tokyo||Freehold||Nov 2018||14,736||100.0%||10.8||¥3,520||¥3,170|
|D Project Kuki S||Greater Tokyo||Jul 2034||Aug 2014||18,257||100.0%||1.6||¥1,250||¥1,346|
|D Project Misato S||Greater Tokyo||Feb 2045||Feb 2015||14,877||100.0%||12.1||¥2,300||¥1,668|
|D Project Iruma S||Greater Tokyo||Freehold2||Dec 2017||14,582||100.0%||15.0||¥4,580||¥4,4063|
|DPL Kawasaki Yako||Greater Tokyo||Mar 2067||Jun 2017||93,159||100.0%||11.1||¥21,000||¥18,770|
|D Project Nagano Suzaka S||Greater Tokyo||Freehold||Sep 2018||9,810||100.0%||5.8||¥2,690||¥2,400|
|DPL Shinfuji||Greater Nagoya||Mar 2065||Sep 2017||27,537||100.0%||8.2||¥3,790||¥3,194|
|D Project Kakegawa S||Greater Nagoya||Freehold||May 2019||22,523||100.0%||11.3||¥4,290||¥3,980|
|DPL Okayama Hayashima||Chugoku||Apr 2067||Sep 2017 / Nov 2018||23,541||100.0%||4.4||¥4,520||¥3,650|
|DPL Okayama Hayashima 2||Chugoku||Nov 20514||Oct 2017||16,750||100.0%||2.0||¥2,210||¥1,750|
|DPL Iwakuni 1 & 2||Chugoku||Freehold||Sep 2016 / Mar 2020||15,461||100.0%||2.4||¥2,240||¥1,900|
|D Project Matsuyama S||Shikoku||Freehold||Oct 1994 / Jul 2017||5,347||100.0%||6.6||¥921||¥800|
|D Project Fukuoka Tobara S||Kyushu||Mar 2068||Feb 2019||10,508||100.0%||11.6||¥1,350||¥1,260|
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