Mitsui Fudosan Logistics Park REIT to Divest Two Logistics Assets in Chiba and Tochigi for JPY 35.35 Billion

In July 2025, Mitsui Fudosan Logistics Park Inc. (MFLP-REIT) announced the planned divestment of trust beneficiary interests in two logistics properties—"i Missions Park Inzai" in Inzai City, Chiba Prefecture, and "LOGITRES Sano" in Sano City, Tochigi Prefecture—for a total consideration of JPY 35.35 billion.

The REIT will transfer a 30% co-ownership interest in the Inzai property at the end of July, followed by the remaining 70% and the full interest in the Sano property at the end of September."i Missions Park Inzai" is a five-story box-type facility with double rampways, offering a gross floor area of approximately 33,282 tsubo (approx. 110,000 sq. ft.). Completed in 2018, the property is fully leased to a major e-commerce tenant and has been awarded a 4-star rating under the DBJ Green Building certification.

"LOGITRES Sano," completed in 2023, is a two-story facility with a gross floor area of approximately 2,161 tsubo (approx. 71,400 sq. ft.), located near a key interchange on the Kita-Kanto Expressway, offering strong delivery efficiency.

Following its merger with ADL in November 2024, MFLP-REIT expanded its scale to approximately JPY 570 billion. Leveraging this scale advantage, the REIT aims to achieve over 4% average annual DPU growth through January 2028 by combining capital gains from asset sales with internal growth strategies.

Key Facts

• Property Name: i Missions Park Inzai

  • Buyer: Undisclosed

  • Seller: Mitsui Fudosan Logistics Park Inc.

  • Transaction Price: JPY 33.9 billion

  • Location: 2-4-3 Matsuzakidai, Inzai City, Chiba Prefecture

  • Completion: February 2018

  • Number of Floors: 5F

  • Gross Floor Area: approx. 33,282 tsubo (approx. 110,000 sq. ft.)

• Property Name: LOGITRES Sano

  • Buyer: Undisclosed

  • Seller: Mitsui Fudosan Logistics Park Inc.

  • Transaction Price: JPY 1.45 billion

  • Location: 238-1, Kojikata, Tajima-cho, Sano City, Tochigi Prefecture, and others

  • Completion: March 2023

  • Number of Floors: 2F

  • Gross Floor Area: approx. 2,161 tsubo (approx. 71,400 sq. ft.)