Industrial & Infrastructure Fund Investment Invests 300 Million Yen to Secure Future Acquisition of i-PRO Factory in Saga
MT Newswires Live
Sep 24
Industrial & Infrastructure Fund Investment (TYO:3249) will acquire an 8.7% silent partnership interest for 300 million yen, backed by the i-PRO Saga Manufacturing Center.
The investment grants IIF a preferential right to purchase the renovated factory, which is leased long-term to i-PRO, Japan's IP camera manufacturer, according to a Tokyo bourse filing on Wednesday.
Located in a key industrial cluster in Tosu, Saga, the property is expected to generate a strong net operating income (NOI) yield of 5.5% post-renovation, the company said.
The 15-year lease includes rent revisions linked to consumer price inflation after ten years.
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