Fukuoka REIT Corporation

Fukuoka REIT Corporation

Last Update / Feb 26,2021

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    LOGICITY Wakamiya

    The property is located north of Fukuoka City in Miyawaka City, situated roughly halfway between the two ordinance-designated cities Fukuoka City and Kitakyushu City in a highly convenient area from which the two cities are accessible in approximately 40 minutes via Kyushu Expressway’s Wakamiya Interchange. The surrounding environment is an industrial area with a concentration of plants and logistics facilities throughout, making it a favorable logistics environment where 24-hour operation, frequent distribution, etc. can be performed with a low chance of bothering residents in terms of operations. In addition, after the acquisition of the Property, tenants moved in from October 2020 after renovation work conducted by FRC over approximately 4 months is completed.

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    Overview

    Location: Shimoaruki Miyawaka City, Fukuoka

    Property Manager: Fukuoka Jisho Co., Ltd.

    Acquisition CAP: 6.4%

    Acquisition Date: June 30, 2020

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