Investor Presentaiton
Maintaining growth momentum
Daiwa HouseⓇ
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DHLT entered into a conditional agreement with the Sponsor, Daiwa House
Industry Co., Ltd., to acquire DPL Ibaraki Yuki ("Property”), a freehold logistics
property located in Greater Tokyo, Japan ("Acquisition")
The purchase consideration for the Property is JPY2,640.0 million (S$24.1
million) ("Purchase Consideration”), a discount of 18.1% to the average
independent valuation of JPY3,225.0 million (S$29.4 million) 1
Independent Valuation")
("Average
The Acquisition is expected to be funded by borrowings, and is expected to be
completed in the first quarter of 2024
The
would improve
DPU for FP2022²
Acquisition
by 1.2%, on pro
forma basis³
10
DPL
Dawa House
Crop
DPL Ibaraki Yuki
Greater Tokyo, Japan
Tokyo
(1) Based on average of the two independent valuations conducted by JLL Morii Valuation & Advisory K.K. and Savills Japan Valuation G.K.
which valued the Property at JPY3,320.0 million (approximately S$30.3 million) and JPY3,130.0 million (approximately S$28.6 million),
respectively as at 31 August 2023.
(2) The financial period from 26 November 2021 (being the date of listing of DHLT) to 31 December 2022.
(3) Please refer to paragraph 4 of the Announcement for the pro forma financial effects of the Acquisition for FP2022.
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