Mitsui Fudosan Logistics Park, Inc. (JP:3471) has released an update.
Mitsui Fudosan Logistics Park Inc. and Advance Logistics Investment Corporation are set to merge on November 1, 2024, with the former as the surviving entity, aiming to enhance market presence and unitholder value amid challenging economic conditions. The merger will create a combined portfolio of 49 properties with an anticipated value of 576.5 billion yen, advancing portfolio diversification and income stability. This strategic move is expected to position the merged entity as a leading logistics real estate investment trust in the Japanese market.
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