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Nippon Prologis REIT Sets Prices for Ichikawa 2 Acquisition and Funabashi 5 Disposition in Portfolio Swap

Story Highlights
  • Nippon Prologis REIT will acquire full co-ownership of Prologis Park Ichikawa 2 for about ¥27.5 billion.
  • The REIT will sell Prologis Park Funabashi 5 for ¥15.7 billion, realizing a large gain over book value.
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Nippon Prologis REIT Sets Prices for Ichikawa 2 Acquisition and Funabashi 5 Disposition in Portfolio Swap

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Nippon Prologis REIT, Inc. ( (JP:3283) ) has shared an update.

Nippon Prologis REIT has set the acquisition price for full co-ownership of Prologis Park Ichikawa 2 in Chiba at ¥27.5 billion, based on an appraisal value of ¥28.3 billion, and scheduled the remaining 54% stake to be acquired from Japan Logistics Fund in three equal tranches between February 2026 and February 2027 through exchange balance settlements. In a reciprocal move, the REIT will dispose of Prologis Park Funabashi 5, also in Chiba, to Japan Logistics Fund for an anticipated ¥15.7 billion, generating a sizeable spread over book value and effectively reshaping its logistics portfolio mix via staged swap-style transactions that are expected to optimize asset quality and capital efficiency for unitholders.

The most recent analyst rating on (JP:3283) stock is a Hold with a Yen91700.00 price target. To see the full list of analyst forecasts on Nippon Prologis REIT, Inc. stock, see the JP:3283 Stock Forecast page.

More about Nippon Prologis REIT, Inc.

Nippon Prologis REIT, Inc. is a Japanese real estate investment trust focused on logistics facilities, investing primarily in large-scale distribution and warehouse properties in key industrial and urban areas across Japan. Its portfolio strategy centers on modern logistics parks that support e-commerce, retail, and supply-chain operators, often through transactions with affiliated or specialist logistics funds.

Average Trading Volume: 14,830

Technical Sentiment Signal: Buy

Current Market Cap: Yen800.3B

For a thorough assessment of 3283 stock, go to TipRanks’ Stock Analysis page.

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