MFLP Mitsui Fudosan Financial Strategy and Property Overview
1-2 External Growth [1] -Properties Acquired in 9th FP-
MFLP Mitsui Fudosan
Logistics Park Inc.
Acquisition of highly competitive MFLP Ibaraki and MFLP Kawaguchi I through 4th follow-on
offering
About the 4th follow-on offering
Despite pandemic, enhanced the quality and stability of the
portfolio, improving long-term unitholder value
Acquired 2 highly competitive properties in prime locations
Overview of properties acquired in the 9th FP
No. of properties / Acquisition price
2 properties / 77.4 billion yen
Average building age
3.0 years
*
Appraisal NOI /
Appraisal value *
Offering format
Launch date / Pricing date
Demand ratio
Total amount issued /
Total number of units issued
Global offering
September 16, 2020 / September 29, 2020
Approx. 10x
(of which, overseas demand approx. 15x)
49.83 billion yen /
PO : 96,190 units, OA : 4,810 units
| Adjusted forecast NOI yield*
Average occupancy rate
100%
*
Avg. 4.1% / Avg. 4.5%
Less than 5 km from expressway interchange
100%
Average lease term remaining *
3.1 year
MFLP Ibaraki
Overview of the property
Location
Ibaraki-shi, Osaka
Acquisition price
58,900 million yen
Appraisal NOI yield
4.1% /
/Adjusted forecast
NOI yield
4.6%
Gross floor area
230,435m
MFLP Kawaguchi I
Overview of the property
Location
Acquisition price
Kawaguchi-shi, Saitama
18,500 million yen
Appraisal NOI yield
/Adjusted forecast
4.0% /
4.4%
NOI yield
Gross floor area
49,838m²
Characteristics of the property
Flagship property. One of largest in Osaka inland area. Close to major
expressway interchanges. Superior location for securing work force
* For further details, please refer to [Highlights] in the Notes on Matters Stated in this Document on p.53-54.
Characteristics of the property
Located very close to Central Tokyo. Last mile distribution base enabled for
high frequency receiving and dispatch
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