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Industrial & Infrastructure Fund Investment Corporation ( (JP:3249) ) has shared an update.
Industrial & Infrastructure Fund Investment Corporation will acquire land with leasehold interests for two logistics and steel processing bases in Sakai, Osaka, and Nishinomiya, Hyogo, from Proterial Group for a total of ¥3.9 billion. The properties, appraised at ¥4.7 billion, deliver an average NOI yield of 4.4% and unrealized gains of about 20.5%, supporting higher distributions and net asset value.
The assets are core logistics and processing hubs for Proterial’s specialty steel business, located near major urban areas in Kansai with strong demand for logistics and manufacturing. The fixed-term land leases feature CPI-linked, upside-only rent with taxes borne by the tenant, enhancing the portfolio’s inflation resilience and operational stability while deepening IIF’s CRE-based partnership with Proterial.
More about Industrial & Infrastructure Fund Investment Corporation
Industrial & Infrastructure Fund Investment Corporation is a Japanese real estate investment trust focused on industrial and logistics assets, managed by KJR Management. The REIT targets properties that support manufacturing and distribution activities, emphasizing stable income, inflation resilience, and long-term value for its unitholders in Japan’s industrial and logistics real estate market.
Average Trading Volume: 7,641
Technical Sentiment Signal: Buy
Current Market Cap: Yen378.8B
See more data about 3249 stock on TipRanks’ Stock Analysis page.