SOSiLA Logistics REIT To Invest 1.5 Billion Yen In Logistics Assets
MT Newswires Live
Mar 13
SOSiLA Logistics REIT (TYO:2979) said its asset manager, Sumisho Realty Management, will acquire a silent partnership equity interest in SOSiLA Private Fund 3 G.K. for 1.5 billion yen, according to a Friday filing on the Tokyo Stock Exchange.
The investment gives exposure to three logistics facilities: SOSiLA Chuo Rinkan in Kanagawa, SOSiLA Yokohama Kohoku and NEWNO SOSiLA Takatsuki in Osaka.
The agreement was signed March 13, with the acquisition scheduled for March 26 and funded with cash on hand. The REIT expects a dividend yield of about 6.5% from the investment, which represents a 10.3% stake in the partnership.
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