Japan Logistics Fund, Inc. (JP:8967) has released an update.
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Japan Logistics Fund, Inc. (JLF) has announced the sale of Komaki Logistics Center II for 2,250 million yen, a transaction expected to close on October 1, 2024. This strategic disposition is part of JLF’s asset reshuffling aimed at improving capital costs and enhancing unitholder value. The sale, which is at a substantial premium to the property’s book and appraisal values, will contribute to increased cash distributions to unitholders and a bolstered reserve for future returns.
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