IIF Announces Strategic Logistics Property Acquisition

Industrial & Infrastructure Fund Investment Corporation (JP:3249) has released an update.

Industrial & Infrastructure Fund Investment Corporation (IIF) has announced the acquisition and leasing of a newly developed logistics property, IIF Hyogosanda Logistics Center II, from LOGISTEED, Ltd., with an anticipated acquisition price of 9,240 million yen and a 9.3% unrealized gain over its appraisal value. The property, located in an industrial park in Sanda-shi, Hyogo, is expected to increase IIF’s distributions per unit due to its long-term CPI-linked lease contract designed to enhance inflation resilience. This strategic acquisition aligns with IIF’s focus on quality assets and is part of a larger CRE Carve-out deal with KKR Group, emphasizing IIF’s strength in meeting companies’ needs through CRE proposals.

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