TOKYO, Mar 27 (Pulse News Wire) – GLP J-REIT (3281.T) announced plans to acquire the Marq Nanatsugatake logistics facility for approximately ¥2 billion. Located near the Oi Matsuida Interchange on the Tomei Expressway, the property offers high-quality storage space suitable for various temperature-controlled goods.
The acquisition is scheduled to close on March 31, 2026, and will be funded through existing cash reserves. The asset boasts a net operating income yield of around 5.5%, with lease agreements featuring cost-of-living adjustments tied to inflation indices. This ensures stable revenue growth amid rising costs. Additionally, the site benefits from strong tenant demand due to its proximity to Fuji Film's key manufacturing facilities and research centers.
GLP J-REIT views this purchase as strategically aligned with its goal of enhancing portfolio performance and distribution growth. The transaction aligns with the company’s capital efficiency strategy and is expected to positively impact per-unit net asset value (NAV). The investment is anticipated to contribute to the long-term NOI growth of the portfolio without significantly altering the overall operational outlook for the fiscal year ending August 2026. This acquisition underscores GLP J-REIT’s commitment to expanding its presence in strategic locations within Japan while maintaining robust financial metrics.
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