LaSalle LOGIPORT REIT Backs Kobe Cold Storage Project via Preferred Share Investment

LaSalle LOGIPORT REIT ( (JP:3466) ) just unveiled an announcement.

LaSalle LOGIPORT REIT will acquire preferred shares in Maya Development TMK for up to 988 million yen, funding the Kobe Maya cold storage development project in stages through 2029 using cash on hand. The investment represents about 18% of the TMK’s preferred equity and is designed to generate excess earnings through dividends once the facility is completed and operational.

The project will convert part of an underutilized site into a lease-type cold storage facility, while a fully occupied dry warehouse on the property continues operating, leveraging strong demand from frozen food and food e-commerce markets. Located near the Maya Interchange, Kobe Port and central Kobe stations, the asset is expected to meet rising demand for modern leased cold storage, though development timing and additional capital contributions may be adjusted to manage construction, development and leasing risks.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen170385.00 price target. To see the full list of analyst forecasts on LaSalle LOGIPORT REIT stock, see the JP:3466 Stock Forecast page.

More about LaSalle LOGIPORT REIT

LaSalle LOGIPORT REIT is a Japanese real estate investment trust focused on logistics facilities, managed by LaSalle REIT Advisors. The REIT targets development projects and income-producing logistics assets, including specialized facilities such as cold storage, to capture excess returns in Japan’s growing logistics and temperature-controlled storage markets.

YTD Price Performance: -0.95%

Average Trading Volume: 5,413

Technical Sentiment Signal: Buy

Current Market Cap: Yen266.6B

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