Mitsui Fudosan Logistics Park

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To Our Unitholders

Hiroshi Asai
Executive Director

Thank you for your continued support.

Backed by sponsor Mitsui Fudosan, Mitsui Fudosan Logistics Park Inc. ("MFLP-REIT"), was listed on the Tokyo Stock Exchange Real Estate Investment Trust Market on August 2, 2016, as a J-REIT which invests primarily in logistics facilities. On November 1, 2024, we concluded an absorption-type merger with Advance Logistics Investment Corporation, sponsored by the Itochu Group and also focused mainly on logistics facilities.

In recent years, rent levels have been stable and vacancy rates have remained low, reflecting a firm supply-demand balance in the logistics facilities’ leasing market. In response to the so-called "2024 problem", measures are being implemented to enhance the efficiency of logistics operations and promote the adoption of automation. Given this, demand, particularly for leading-edge logistics facilities, is expected to continue to increase. With regard to fund procurement, the environment remains favorable, on the back of easing monetary measures in the near term and strong credit quality.  

Against this backdrop, MFLP-REIT has established a dual sponsor structure with Mitsui Fudosan and the Itochu Group. The structure not only gives MFLP-REIT access to a robust pipeline of properties developed by both sponsors on a preferential basis, but leasing capabilities which capitalize on the respective customer networks of the sponsors as well as property management and operational know-how. By leveraging our comprehensive strengths to the maximum, we aim to achieve steady growth and to continuously enhance unitholder value.

We sincerely ask for your continued support and encouragement.

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