CRE Logistics REIT, Inc (JP:3487) has released an update.
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CRE Logistics REIT, Inc. has announced the decision to sell a logistics-related facility, LogiSquare Kuki II, with the sale expected to be conducted in parts on December 26, 2024, January 31, 2025, and July 1, 2025. The anticipated sale price totals 2,490 million yen, which is expected to result in a gain of 570 million yen for CRE REIT. The sale aligns with the company’s strategy to maximize unitholder value by capitalizing on the rising market rents in the logistics real estate leasing market.
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