Warburg Pincus is acquiring two prime fully-leased logistics properties in Japan from Mitsui Fudosan Logistics REIT for approximately US$240m (€207m).
The assets, located in Greater Tokyo, were acquired on behalf of the Warburg Pincus Asia Real Estate Fund, is through a bridge financing structure.
Takashi Murata, MD, co-head of Asia real estate and head of Japan at Warburg Pincus, said the acquisitions align with the firm’s strategy to deepen its exposure to “high-quality logistics assets in core Japanese markets, where tenant demand remains robust”.
Murata added: “This investment also reinforces our broader plan to scale investment activities in Japan. Recent investments include the acquisition of Tokyo Beta, the largest share house portfolio in Japan with over 16,000 rooms, and the acquisition of Shinagawa Seaside West Tower by our joint venture with Eastgate Group, which focuses on life sciences and R&D real estate.”
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