SOSiLA Logistics REIT is acquiring an asset in Fuji City, Shizuoka for JPY1,150 million.
The asset, LiCS Fuji Maintenance Center, is being acquired at about 2.5% below its independently appraised value, said the REIT in a 30 August statement.
The acquisition will be the REIT’s 14th asset in its portfolio.
SOSiLA Logistics REIT is an entity that invests in the SOSiLA series of logistics properties developed by Sumitomo Corporation.
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