CBRE Global Investors and German fund service company Universal-Investment have acquired a brand new, fully leased logistics property in the vicinity of Kobe in Japan, on behalf of Bayerische Versorgungskammer (BVK), one of Germany’s largest institutional investors.
Completed in September 2019, the 42,000-square-meter (452,000-square-foot) prime asset is strategically located north of Kobe along the Chugoku Express Highway and was designed with class A logistics specifications. The quality of the investment is crystalized by a 10-year fixed-term lease with a well-established logistics company. Revenues are further supplemented by a state-of-the-art solar panel farm that is guaranteed by a 20-year sales agreement with the regional utility company.
“This asset will enhance the diversity of the client’s portfolio and reinforce income resilience against possible market corrections, backed by the increasing demand for the modern logistics facilities in this market,”
