LaSalle LOGIPORT REIT Expands Investment in Logistics Facilities with New Acquisition

An announcement from LaSalle LOGIPORT REIT ( (JP:3466) ) is now available.

LaSalle LOGIPORT REIT has announced its decision to acquire preferred shares of HK Properties TMK, marking its fourth development project. This acquisition is part of its strategy to invest in high-value logistics facilities, specifically hazardous materials warehouses, which are expected to see increased demand due to the growth of the semiconductor industry. The Subject Property, located in Tomakomai city, Hokkaido, is strategically positioned to serve as a hub for hazardous materials storage, leveraging its proximity to Tomakomai Port and New Chitose Airport. The project is anticipated to generate revenue post-2027, with plans to mitigate risks through careful negotiation of additional capital contributions.

The most recent analyst rating on (JP:3466) stock is a Buy with a Yen185000.00 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 real estate investment trust focused on logistics facilities. It operates under the management of LaSalle REIT Advisors K.K., specializing in the acquisition and development of logistics properties, with a particular emphasis on projects that offer high added value.

YTD Price Performance: 6.03%

Average Trading Volume: 4,324

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen265.3B

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