Former News: PR Times
Daiwa House Industry Co., Ltd. (Headquarters: Osaka City, President: Keiichi Yoshii) is a special purpose company managed and operated by The Blackstone Group (hereinafter: Blackstone) and Tosei Asset Advisors Co., Ltd. (hereinafter: This Fund). ), We have signed an agreement to sell four logistics facilities owned by our company.
We have also entered into an agreement with Blackstone Singapore Pte. Ltd., an affiliate of Blackstone, to cooperate in promoting logistics facility development and logistics facility investment (“this business”) in the United States and Europe.
■ Purpose of concluding sales contracts and agreements In
the real estate development investment of the 6th Medium-Term Management Plan, we will respond to the logistics needs and early operation requests of a wide range of tenant companies by focusing on business facilities centered on logistics facilities. We are strengthening the development of multi-tenant logistics facilities (*).
This sales contract is to sell 4 of the facilities owned by the Company (total: approximately 55 billion yen) to the Fund in order to further promote the development of domestic logistics facilities developed by the Company and the “DPL” brand. ..
In addition, by concluding an agreement to cooperate in promoting this business, we will exchange information on the market trends of this business, the experiences of both companies, networks, resources, etc., and aim for our expansion in the United States and Europe.
Even after the sale, the facility name of “DPL” will not be changed, and Daiwa House Property Management Co., Ltd. of the Group will continue to take charge of leasing and property management operations to provide services that satisfy tenant companies. To do.
* A logistics facility that can accommodate multiple customers.
■ About
Blackstone ‘s Real Estate Sector Blackstone is a global leader in real estate investment. The Real Estate Business Division was founded in 1991 and manages $ 167 billion in investor funding.
One of the largest real estate asset owners in the world, it owns and manages real estate assets worldwide and across all sectors, including logistics and rental housing, single-family homes, hotels and commercial real estate.
The company’s fund, which has an opportunistic strategy, is looking for opportunities to acquire real estate in good locations around the world where it can be expected to improve real estate management.
The “Core + Strategy” is the Blackstone Real Estate Income Trust, an unlisted REIT that invests in regional open-end funds and profitable real estate in the United States with a focus on quality assets around the world. Through, Inc. (Blackstone Real Estate Income Trust), we invest in real estate with stable earnings.
We also operate one of the world’s leading real estate finance businesses, including the operation of the Blackstone Mortgage Trust, providing comprehensive financing solutions ranging from capital structure to risks.
■ About
Tosei Asset Advisors Co., Ltd. Tosei Asset Advisors is a wholly owned subsidiary of Tosei Corporation, which develops a wide range of real estate businesses mainly in the Tokyo area. As the core of the real estate fund consulting business of the Tosei Group, we are developing a wide range of businesses as a management company of private real estate funds and a management company of CRE and J-REIT (Tosei REIT Investment Corporation).
Established in 2005, as of the end of July 2020, we have been entrusted with the management of assets of over 950 billion yen. The scale of assets under management is one of the top-class assets under management in the discretionary investment business under the Financial Instruments and Exchange Act, and is an asset manager that manages the largest assets in Japan.
The asset types of entrusted assets are diversifying from domestic office buildings and profitable condominiums to commercial facilities, logistics facilities, healthcare facilities, etc., and we provide solutions to meet the needs of various domestic and foreign investors.
Reference: https://www.daiwahouse.com/about/release/house/20200731131608.html
Reference source: https://prtimes.jp/main/html/rd/p/000001390.000002296.html
