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.

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.