Logicross Kasukabe, an asset that will be partially owned by Mitsubishi Estate Logistics REIT. (Photo: Mitsubishi Estate Logistics REIT)Logicross Kasukabe, an asset that will be partially owned by Mitsubishi Estate Logistics REIT. (Photo: Mitsubishi Estate Logistics REIT)

Mitsubishi Estate Logistics REIT Investment Corporation announced on 26 March that it is acquiring a 16.7% stake in a bridge fund known as MRB1 GK for JPY528 million in a bid to increase its exposure to the Tokyo-area market.

The acquisition, set for completion on 27 March 2025, will be funded through cash reserves and forms part of Mitsubishi Estate Logistics REIT’s strategy to enhance portfolio flexibility amid uncertain financial markets.

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By Shariffa Al-Habshee

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