Nippon Prologis REIT's Prologis Park Amagasaki 2 (Photo: Nippon Prologis REIT)

Nippon Prologis REIT has expanded its pipeline of possible acquisitions for 2018.

The REIT currently has a portfolio of 39 properties across Japan, comprising of 26 multi-tenant properties, and 13 build-to-suit logistics facilities.

The REIT’s properties now collectively feature a leasable area of 2.44 million square metres, with a total book value of JPY598,030 million.

Nippon Prologis REIT presently has a portfolio occupancy of 97.7% across all the properties.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.