Fukuoka REIT Corporation

Fukuoka REIT Corporation

Last Update / Mar 26,2020

  • Introduction
  • Overview
  • IR Info
  • Sustainability
  • Portfolio
  • Financials
  • HOME>Portfolio>Portfolio Overview

    TOPICS

    Portfolio Overview

    Print
    As of August 31, 2019
    Property Use Construction
    timing
    Investment
    ratio
    (%)
    Acquisition
    price
    (mm yen)
    (*1)
    Latest
    appraisal
    value
    (mm yen)
    Direct capitalization method DCF method Total
    leasable
    floor
    space (㎡)
    Appraisal
    cap
    (%)
    Discount rate
    (%)
    Terminal cap rate
    (%)
    Canal City Hakata Retail 4.15,1996 16.3 32,000 32,000 4.5 4.4 4.7 46,604.75
    Canal City Hakata ・B Retail 4.15,1996 14.6 28,700 30,100 4.7 4.6 4.9 68,826.37
    Park Place Oita(*2) Retail 3.26,2002 9.5 18,620 19,800 5.5 5.3 5.7 113,834.19
    SunLiveCity Kokura Retail 3.17,2005 3.4 6,633 10,500 5.9 5.3 5.8 61,450.22
    Konoha Mall Hashimoto Retail 3.15,2011 5.1 10,000 8,340 5.1 4.9 5.3 22,121.03
    Square Mall Kagoshima
    Usuki
    Retail 9.19,2006 2.7 5,300 5,630 5.8 5.5 6.0 14,602.88
    Kumamoto
    Intercommunity SC
    Retail 11.15,2006 1.2 2,400 2,860 5.6 5.4 5.9 6,968.66
    Hanahata SC Retail 7.10,2007 0.6 1,130 1,250 5.4 1-8y 5.3
    after9y 5.5
    5.6 2,801.15
    Kurume Higashi
    Kushiwara SC
    Retail 12.3,2007 1.3 2,500 2,790 5.5 1-8y 5.3
    after9y 5.5
    5.7 6,467.80
    K's Denki Kagoshima Retail 11.17,2007 1.8 3,550 3,710 5.4 1-3y 5.0
    after4y 5.2
    5.6 7,296.17
    Marinoa City Fukuoka (Marina Side Building) Retail 10.19,2000 2.7 5,250 6,080 4.8 1-6y 4.6
    after7y 4.7
    5.0 33,069.82
    Retail Property Total - - 59.2 116,083 123,060 - - - 384,043.04
    Canal City Business
    Center Building
    Office 4.15,1996 7.4 14,600 15,900 4.5 4.3 4.7 23,031.44
    Gofukumachi Business
    Center
    Office 10.16,2003 5.7 11,200 14,300 4.4 4.3 4.6 19,905.34
    Sanix Hakata Building Office 3.31,2001 2.2 4,400 6,360 4.2 4.0 4.4 6,293.75
    Taihaku Street
    Business Center
    Office 3.7,2002 3.6 7,000 8,640 4.5 4.3 4.7 14,677.30
    Higashi Hie Business
    Center
    Office 2.6,2009 3.0 5,900 7,650 4.6 4.4 4.8 13,614.59
    Tenjin Nishi-Dori Center
    Building
    Office 9.26,1996 1.3 2,600 3,170 4.0 3.8 4.2 3,339.32
    Tenjin North Front
    Building
    Office 1.9,2010 1.4 2,800 3,990 4.2 4.0 4.4 5,252.41
    Higashi Hie Business Center Ⅱ Office 2.29,2016 2.2 4,230 4,440 4.6 4.4 4.8 6,214.77
    Office Building Total - - 26.9 52,730 64,450 - - - 92,328.92
    Amex Akasakamon
    Tower
    Others
    (Residence)
    7.26,2005 1.1 2,060 1,840 4.5 4.3 4.7 4,821.25
    City House Keyaki Dori Others
    (Residence)
    11.17,2007 0.6 1,111 1,140 4.5 4.3 4.7 2,710.86
    Aqualia Chihaya Others
    (Residence)
    12.5,2007 0.7 1,280 1,780 4.9 4.7 5.1 5,619.69
    D-Wing Tower Others
    (Residence)
    2.20,2006 1.4 2,800 3,570 4.5 4.3 4.7 7,187.59
    Granfore Yakuin Minami Others
    (Residence)
    12.10,2007 0.6 1,100 1,310 4.4 4.2 4.6 2,496.06
    Hotel FORZA Oita Others
    (Hotel)
    8.22,2008 0.8 1,530 1,860 5.2 5.0 5.4 5,785.44
    Tissage Hotel Naha Others
    (Hotel)
    2.26.2018 1.4 2,835 3,020 4.9 1-9y 4.7
    after10y 4.8
    5.1 3,758.76
    Tosu Logistics Center Others
    (Logistics)
    5.22,2008 0.6 1,250 1,430 5.2 4.9 5.4 4,173.29
    LOGICITY Minato Kashii Others
    (Logistics)
    4.8,2014 4.2 8,150 8,900 4.4 1-5y 4.2
    after 6y 4.3
    4.6 43,233.72
    LOGICITY Hisayama Others
    (Logistics)
    1.14,2015 2.6 5,050 5,260 4.6 1-5y 4.4
    after 6y 4.5
    4.8 24,505.65
    Others Total - - 13.9 27,166 30,110 - - - 104,292.31
    Total - - 100.0 195,979 217,620 - - - 580,664.27

    ■Acquisition property at the 32nd FP (planned)

    Property name Use Built Acquisition Date
    (planned)
    Acquisition price
    (planned)
    Leasable floor space
    (㎡)
    LOGICITY Wakamiya
    (*3)
    Logistics Feb.15,2005 Jun.30,2020 1,700 mm yen 17,577.91

    After the acquisition of the Property, a certain scale of renovation work will be conducted and there will be a certain period until the tenant is to move in.
    For more detail, please refer to the press release "Fukuoka REIT Corporation Concludes Agreement to Purchase a New Property" dated October 29, 2019

    (*) The Floor expansion timing is not listed.
    (*1) Acquisition costs do not include fees, public charges and expenses.
    (*2) Adjacent land (parking), acquired in 22nd, Sports Club NAS Park Place Oita, acquired in 25th, and parking, acquired in 28th are included.
    (*3) Although the current name is different, the property name will be changed to “LOGICITY Wakamiya” after the Investment Corporation acquires the property.
    Investment PolicyPortfolio Map
    Portfolio
    PAGE TOP