TOKYO, Mar 24 (Pulse News Wire) – LaSalle LOGIPORT REIT (3466.T) announced plans to invest in a cold storage warehouse project through preferred equity securities in Kobe's Maeda area. The investment, totaling up to ¥988 million over four tranches, includes a first tranche purchase of ¥646 million on March 27, 2026.
The project involves developing a refrigerated warehouse facility on land currently occupied by a dry goods warehouse, aiming to capitalize on growing demand for temperature-controlled storage solutions. The property is strategically located near Kobe Port and major transportation hubs, enhancing its potential for high occupancy rates. However, completion is scheduled for the first half of 2029, subject to development progress.
LaSalle LOGIPORT REIT expects to achieve additional revenue through dividend payments once the project becomes operational. This investment aligns with the company’s value-add strategy, focusing on high-yield assets and diversifying its portfolio. With the anticipated increase in cold storage needs driven by e-commerce growth and food safety regulations, LaSalle LOGIPORT REIT sees this as a promising opportunity to enhance returns while maintaining regulatory asset ratios.
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