Mitsui Fudosan Logistics REIT Management Co., asset management company of Mitsui Fudosan Logistics Park, has acquired two logistics assets in Japan, MFLP Ibaraki and MFLP Kawaguchi I, for ¥77.4 billion ($737 million).
MFLP Ibaraki is well located for deliveries between regional cities, mainly in the northern part of Osaka. The property is located approximately 4 kilometers (2.5 miles) from “Ibaraki IC” of the Meishin Expressway; approximately 9 kilometers (5.6 miles) from “Suita JCT,” which is the junction of the Meishin Expressway, Chugoku Expressway, and Kinki Expressway; as well as being within 5 kilometers (3.1 miles) from “Ibaraki Sendaiji IC” of the Shin-Meishin Expressway. Since, the Shin-Meishin Expressway which was opened recently serves as an alternative route for the Meishin Expressway connecting Kyoto and Kobe, it functions as a loop line outside the Osaka metropolitan area and contributes to improving wide-area transportation convenience.
MFLP
