Portfolio MapAs of April 5, 2019
- Tokyo metropolitan area
Tokyo metropolitan area
- 12 properties
- Kansai area
- 1 property
- Other areas
- 3 properties
- Acquired assets
- Asset size
- ¥156.7 billion
- Total floor area
- 720thousand m²
- Average building age
- 4.1 years
- Shuto Expressway, Wangan Line
- Tokyo Gaikan Expressway
- National Route 16
- Metropolitan Inter-City Expressway
- - Click on any of the pins on the map to display a callout showing the name of the property and a thumbnail image.
- - Click on the property name or thumbnail image in the callout to go to a more detailed page on the property.
|Note 1:||"Tokyo metropolitan area ratio" represents the ratio (based on acquisition price) of assets held (logistics facilities only).|
|Note 2:||"Average appraisal NOI yield" indicates the ratio of net operating income under direct capitalization method stated in real estate appraisal report to appraisal value, using a weighted average based on the appraisal value, rounded to one decimal place.|
In making investments in logistics facilities, Mitsui Fudosan determines strategic areas and carries out development by first taking the following matters into consideration: accessibility from the three ring roads of the Tokyo Gaikan Expressway, National Route 16, and the Metropolitan Inter-City Expressway, as well as from seaports; the time/distance to population clusters; and the population of surrounding areas. In addition, by utilizing the broad knowledge and extensive know-how that it has developed in the real estate business as a comprehensive real estate company, Mitsui Fudosan conducts detailed examinations in light of various aspects, including the size of the land, the characteristics of the land such as the shape of the plot and regulatory requirements, the nature of the location (access to major roads and expressway interchanges, convenience of public transport, etc.), risk of soil contamination, expected tenants and rent level as a logistics facility, the potential of the area, and the potential for substitute use by other than a logistics facility.
On such suitable and carefully acquired land, Mitsui Fudosan develops logistics facilities, from among which MFLP-REIT acquires the bulk of its properties, taking into consideration the following matters: access to transport nodes such as major roads in the Tokyo metropolitan and Kansai areas; regional location conditions; employment environment; future environmental changes; and the supply-demand balance.