Yamato Japan to build USD $1.73 billion logistics property near Haneda Airport - (26/10/2010)On 25 October 2010, Yamato Holdings announced
that it will construct “Haneda
Logistics Terminal”.
Total investment amount is JPY 140
billion (USD 1.73 billion). Yamato will invest about JPY 54.2 billion (USD 670
million) in construction and facilities on the land of about 100,000m2 located
at Haneda-Asahicho, Ota-ku, Tokyo, which had been acquired from Ebara
Corporation for JPY 85.4 billion (USD 1.06 billion, including 12-story
building) in April 2008. The terminal will be of about 200,000m2 of total floor
area most of which will be for a logistics building.
Rendering of Haneda Logistics Terminal
Yamato
expects construction to begin in January 2011, completion in July 2012 and
operation to start in October 2012. General plot plan of Haneda Logistic Terminal
Haneda Logistics Terminal is a
integrated solution terminal to correspond to the needs for supply-chain
management in whole Asian region, and a showcase terminal which shapes the
Yamato group’s
corporate philosophy.
One of the main functions of this new
terminal is “direct
transportation function”
which passes customs and distribute the goods arrived from overseas. This makes
it possible to reduce the number of stock hubs, and provides logistics cost
reduction and promotion of streamlining.
“Global
cross-dock function”,
which does break-bulk of the goods coming from overseas and quickly ships out,
makes stock turnover better and stock amount very few. By speedy correspondence
to changing market, Yamato helps to establish efficient production and sales
system.
Together with the above, “multi
transportation function”,
which provides domestically and internationally complicated logistics model
with diverse transportation methods, provides the most appropriate
land-sea-and-air transportation mode corresponding to the needs.
Further, “products
and distributive processing function” such as product processing, kitting
and maintenance provides speedy, safe and secured delivery to end-user.
The logistics building is 6-story above
ground (L 114m x W 240m x H 48.6m) and has about 170,000m2 of total floor area.
The state-of –the-art
material handling equipments like “big package assortment machine” and ”small
package assortment machine”
are to be introduced.
By installing material handling lines symmetrically
and having a new operation which enables highly changeable performance
according to time slot and purpose of use, assortment efficiency will be
considerably improved.
With these equipments, Yamato is trying
to have complete automation and make cargo handling capability 50% better than
conventional type terminal. Also it is to minimize logistics-related time and
travel distance in collaboration with truck berths for more than 200 trucks. The
lowering rate of operational workers and working hours achieved by automation
is expected to be about 44%.
At the same time, Yamato plans to
introduce the latest systems such as one which understands the amount of cargo
and operational status in the terminal, another one which properly leads
vehicles on the site. Presentation facility to let visitors realize “next
generation terminal”
and facility observation tour course are to be installed.
The Yamato group companies to be tenanted
are as follows: Yamato Logistics, Yamato Packing Service, Yamato Global
Logistics Japan, Yamato Multi- Maintenance Solutions, Yamato Packing Technology
Institute, Yamato Home Convenience, Yamato System Development, Yamato
Financial, Yamato Transport, and Yamato Global Express.
As facilities for regional
contribution, Yamato will have “Wa
no Sato Park”(regional
contribution zone) on the terminal site where open space representing a satoyama - the border zone or area between
mountain foothills and arable flat land -, forum (gym) and home delivery
service center will be.
Nursery school corresponding to the
need of children waiting to get in there, and Swan Café and
Bakery to promote the employment of the disabled and independence support for
them are to be built as well.
By installation of various
environmental equipments such as making proactive use of solar energy
generation and trying to lower the heat of road with rainwater, the amount of
CO2 emission from the entire facility in expected to be reduced about 46%, 14,000
tons per year.
Overview of “Haneda
New Terminal”
Construction Plan Name: Haneda Logistics
Terminal
Site: 11-1, Haneda-Asahicho, Ota-ku, Tokyo
Structure & scale: Pre-cast concrete, pre-stressed concrete and steel (6-story
logistics building, 8-story office building, max height 48.6m)
Parking: 572 vehicles (standard cars x 238, large cars x 118, trucks x 216)
Site area: 98,872.87m2
Construction area: 45,267.37m2
Total floor area: 197,697.70m2
Designed by: Nikken Sekkei
Constructed by: Kajima Corporation
Source: Yamato
Holdings
+ Japanese Real Estate investment opportunity coming says Fortress - (25/10/2010)Fortress
Investment Group LLC, which has $41.7 billion of assets under management, said
there are investment opportunities in the Japanese real estate market because
some banks may sell properties as loans come due.
“A fair
portion” of $50 billion worth of real estate will have to be sold in the next
three to five years as loans backed by those properties come due, according to Mr
Pulley the Managing Director of Fortress. Some Japanese banks may have to sell
properties that were used as collateral as real estate values in Japan fall
about 30 percent to 40 percent.
Total
commercial mortgage debt in Japan
this year will reach a record high 1.12 trillion yen ($14 billion), a 59
percent increase from last year, according to an estimate by Moody’s Investors
Service.
Source: Bloomberg (edited by Bear Logi) + Mitsui takes acquires Tokyo industrial property - (25/10/2010)Mitsui Fudosan Residential acquired a former food
warehouse in Toyosu, Koto-ku, Tokyo.
The seller was Simplex Investment Advisors, a Goldman Sachs and Aetos Capital
affiliate. Mitsui has not revealed its plans for the property. The property has
six stories above ground and 10,347 m2 of total floor space.

Source: Nikkei + Yamato Holdings to start package delivery and fare collection business in Hong Kong - (22/10/2010)
On 21 Oct., Yamato Holdings decided the
beginning of package delivery and fare collection business in Hong
Kong.
Therefore, Yamato is to establish YAMATO DEVELOPMENT (HK)
LTD. as package delivery company and YAMATO PAYMENT SERVICE (HK) LTD. as fare collection
company in Hong Kong.
Package delivery business which started
in Shanghai and Singapore from Jan. 2010 keeps steady
expanding from the months before. Since in Hong Kong
there is no logistics service similar to package delivery, Yamato has decided to
start the business.
Operation is scheduled to start in Feb
2011 the amount of capital investment for the start of business is about JPY 270
million yen including trucks and facilities. Initially it plans to have 30 trucks
and 100 employees for the first year.
Overview of subsidiaries
1. Name
|
YAMATO
DEVELOPMENT (HK) LTD.
(To be changed to Yamato Transport (HK), Ltd. in Jan 2011)
|
2. Address
|
23rd
FLOOR AIA Financial Centre, 712
PRINCE EDWARD ROAD EAST, KOWLOON,
HONG KONG
|
3. President
|
Mr. Junta Maejima
|
4. Business
|
Package delivery in Hong Kong
|
5. Capital
|
50,000,000
HK$ (About JPY 525 million)
(To be increased to 170,000,000HK$ (about JPY 1.785 billion in Feb 2011)
|
6. Date of establishment
|
12 Nov 2010
|
7. Investment ratio
|
100% by Yamato Holdings Co., Ltd.
|
1. Name
|
YAMATO
PAYMENT SERVICE (HK) LTD.
|
2. Address
|
23rd
FLOOR AIA Financial Centre, 712
PRINCE EDWARD ROAD EAST, KOWLOON,
HONG KONG
|
3. President
|
Mr. Kazuhiko Ohno
|
4. Business
|
Fare collection in Hong Kong
|
5. Capital
|
6,000,000HK$ (About JPY 63 million)
|
6. Date of establishment
|
12 Nov 2010
|
7. Investment ratio
|
100% by Yamato Holdings Co., Ltd.
|
* Fare Collection
business mainly handles payment of delivery fee related to package delivery service.
Source:
Yamato Holdings Co., Ltd. + Tokyo's Haneda airport opens its new international terminal building as well as Tokyo International Air Cargo Terminal - (22/10/2010)Starting
31 Oct., the airport will resume regular international flights for the first
time in 32 years, and new
international terminal building as well as Tokyo International Air Cargo
Terminal (TIACT) opened on 21 Oct. Haneda will be handling the second largest volume of
air cargo as a Japanese airport.
Full view of TICAT opened on 21 Oct. 2010
This cargo terminal is large as it has site area of about
170,000m2 and about 80,000m2 of total floor area.
Ihe terminal comprises two international cargo buildings,
fresh food building and two office buildings. The 1st international cargo
building is a shed managed by TIACT and the second building is leased by
carrier and air freight forwarders such as ANA, Nippon Express, Kintetsu World
Express and Yusen Logistics.
Source: Japan Logistics Field Institute + Kintetsu Express to establish a new company in Shanghai Pudong Total Bonded Area - (21/10/2010)On 15 October 2010, a Kintetsu
Express (KWE)’s warehouse was delivered to its new subsidiary established at
Shanghai Pudong total bonded area in May 2010. This
newly established subsidiary has its own warehouse at Shanghai Pudong total bonded area adjacent to Shanghai Pudong airport,
the largest hub for international air cargo in China. It handles export and import
air freight, goods storage in bonded warehouse, added-value type logistics
processing service and delivery. Aiming at opening in January 2011, it goes
preparing for a new warehouse facility with the state of the art storage
equipment in order to correspond to all kinds of customers’ needs for storage
of goods from large cargos like production equipment and transportation machine
to precise electric parts like semiconductor, chemical products requiring temperature
control and medical products.
Name
|
Shanghai
Kintetsu World Express Co., Ltd.
|
Capital
|
USD
15,000,000
|
Business
|
Bonded logistics service at Pudong Airport Total Bonded
Area, Export/Import air/sea freight handing, domestic cargo delivery service,
etc.
|
President
|
Toshimichi Inamura
|
Address
|
TBD
|
TEL
|
TBD
|
FAX
|
TBD
|
Number of employees
|
274
|
Established on
|
13
May 2010
|
Starts
operation on
|
Scheduled
in January 2011
|
Warehouse
|
Total area 6,757m2 (with dust control, electrostatic and homeothermal function)
|
Source: KWE + Biccamera, to consolidate logistics bases in Kanto region and to establish a new logistics hub in Kansai region - (20/10/2010)In October
2006, Biccamera opened Higashi-Matsuyama
Center in Higashi-Matsuyama
City of Saitama Prefecture and operates logistics business for Kanto region. In
February 2010 it acquired 100% ownership of Sofmap and that made more integrated
operation possible. Therefore, Biccamera is going to fundamentally streamline logistics
system of the entire group.
From November 2010, Higashi-Matsuyama Center
(Saitama) which is Biccamera’s total logistics base will become a base for merchandise delivery operation
and temporary storage of large goods of Biccamera and Sofmap. Urayasu Center
(Chiba) which is
total logistics center for Sofmap and has a good access to each store will become
a base for merchandise delivery operation to each store and provision of work and
repair business. Makuhari
Center, which now provides
work and repairs for Biccamera and Sofmap, will be closed.
Currently, in Osaka Biccamera group has three logistics bases for Kansai
region. However, these will be closed and Kobe
Center will be newly established, which
is a new total logistics hub for Kansai region and will cover not only Kansai region
but also Aichi and Okayama
prefectures.
Consolidation
of logistics bases will make possible the followings: sharp reduction of distribution
cost, shortening of merchandise delivery time to stores and customers, and reduction
of stock by sharing stock between Biccamera and Sofmap.
Starting day of operation: 1 November 2010
Overview of new logistics center
Name: Kobe
Center
Address: 2-1 Nadahama-cho, Nada-ku, Kobe-shi, Hyogo
Area to be used: 9,334m2
Source: Biccamera
+ Kuehne + Nagel achieves record result in the third quarter 2010 - (20/10/2010)Kuehne + Nagel Group a global logistics company
expanded its business volumes, taking advantage of the favourable economic
environment for the logistics industry.
The operational result (EBITDA) of CHF 271 million
in the third quarter marked a record in the company’s history.
l Compared with the first nine months of last year
turnover rose by 18.6 per cent
l EBITDA increased by 7.5 per cent (adjusted by 12.0
per cent) to CHF 746 million.
l Net earnings improved by 16.0 per cent (adjusted by
20.2 per cent) to CHF 449 million.
Kuehne +
Nagel Group (Jan-Sept) CHF million
|
2010
|
2009
|
Turnover
|
15,178
|
12,800
|
Gross profit
|
4,453
|
4,388
|
Operational
result (EBITDA)
|
746
|
694
|
EBT
|
572
|
499
|
Net earnings
|
449
|
387
|
Seafreight
* During the first nine months of 2010 maintained
high-level container volume with a 17 per cent increase.
* Growth in the global sea freight market, however,
softened in the third quarter.
Airfreight
* Increased airfreight tonnage by 29 per cent in the first nine months.
* Growth in the international airfreight market had
slowed in the middle of the year.
* Increase volumes and market share, especially in Asia.
Road & Rail Logistics
* First three quarters of the year, European overland activities registered a
growth in net turnover of 9.5 per cent.
Contract Logistics
* Net turnover remained at the previous year’s level.
* EBITDA decreased in the first nine months by 13.2
per cent partly due to currency adjustments (6.6 per cent) and start-up costs
for new businesses.
Source: Kuehne + Nagel + Daisyo buys Tokyo land for new distribution centre - (19/10/2010)Daisyo a
Japanese food conglomerate has recently purchased a piece of land in Adachi
Tokyo for construction of a new food distribution center.
Land
acquisition details
(1) Date of
Contract: March 31, 2010
(2) Date of
delivery: September 29, 2010
(3) Location: 6-2-5
Iriya, Adachi-ku, Tokyo
(4) Area: 9,901.51
square meters (2,995.21 tsubo)
(5) Building
Plan Outline
Building Use:
Office and Warehouse
Building size:
approximately 4,000 square meters (tentative)
Source: Daisyo + Kawasaki City, to look for enterprises for Higashi-Ogijima Total Logistics Base Area (Second-stage) - (18/10/2010)On 15 October 2010, Kawasaki
City started to look for
enterprises which would forge ahead to about 9.9 ha in Higashi-Ogijima Total
Logistics Base Area.
The application period is from 15 October to 17 December 2010.
The plat for application is Higashi-Ogijima 4A area (21,444.00m2 from 88, Higashi-Ogijima, Kawasaki-ward), 4B area (16,870.98m2
from 88, Higashi-Ogijima, Kawasaki-ward), 4C area (16,871.05m2
from 88, Higashi-Ogijima, Kawasaki-ward), 5A area (17,509.93m2 from 86, Higashi-Ogijima,
Kawasaki-ward), 5B area (17,509.94m2 from 86, Higashi-Ogijima,
Kawasaki-ward)、6 area (9,093.53m2 from 90, Higashi-Ogijima,
Kawasaki-ward).
Leasing condition for these area is term leasehold interest for
business and leasing period is 20 years.
For detailed information, please refer to http://www.city.kawasaki.jp/e-news/info3241/file2.pdf
(in Japanese)
Point of Contact:
Kawasaki City
Management Planning Section, Port Management Department, Port Bureau
TEL:+81-(0)44-200-3047
58keiki@city.kawasaki.jp + J-REP to de-list its Japan Real Estate Business - (18/10/2010)J-REP Co., Ltd
(“J-REP”) a Japanese industrial real estate group has announced that it intends
to acquire all the common shares of the company in a move to delist from the
Mothers section of the Tokyo Stock Exchange.
J-REP will
become a wholly owned subsidiary of Macquarie Goodman Japan Pte. Ltd a joint
venture between Macquarie and Goodman.
J-REP will
participate as an investor in a new logistics real estate development fund to
be established by Macquarie and Goodman known
as ‘Japan Logistics Development Framekwork’ (JLDF)
On a successful
delisting of the company, J-REP will be renamed ‘Goodman Japan’.
For more
details refer to the company press release here
Source: J-REP (edited by Bear Logi) + Global Logistics IPO may raise $2.64 Billion - (13/10/2010)Global Logistic
Properties Ltd. is set to raise S$3.45 billion ($2.64 billion) in Singapore’s
biggest initial public offering.
Shares in GLP,
the overseas logistics unit of Government of Singapore Investment Corp., were
priced at S$1.96 a share, the top end of a range marketed to investors.
Mapletree
Industrial Trust, owned by a unit of Temasek Holdings Pte, plans to raise as
much as S$940 million in an IPO next week.
Global
Logistic, which said last month it would offer 1.76 billion shares, plans to
use S$1.5 billion of the proceeds to expand in China
and Japan,
and about S$600 million to pay down existing shareholder loans. There is an
over-allotment option to expand the sale by 234.7 million shares.
Source:
Bloomberg (edited by Bear Logi) + Bear Logi to exhibit at Hong Kong Property Forum - (12/10/2010)Bear Logi is
to exhibit at property forum MIPIM Asia
in Hong Kong from November 10th to 12th. Bear
Logi will hold seminars on how to invest in Japan Property as well as discuss
why industrial real estate continues to attract investors in Japan and China.
MIPIM Asia focuses exclusively on facilitating real estate transactions
and investment in the Asia Pacific markets. Join the key players for three days
of networking, prospecting and promoting at the region’s top property event.
MIPIM Asia 2009 key figures
l 1,927 participants
l 1,021 companies
l 384 investors, end users, hotel groups and
retailers
l 146 exhibiting companies
l 42 countries
Source: MIPIM + Japan property shares jump on BOJ plan - (12/10/2010)* BOJ move
likely to accelerate property market recovery
* BOJ's
asset-buying could fuel REIT sector M&A
* Tokyo Stock
Exchange's REIT index jumps to 5-month high
Mitsubishi
Estate and other Japanese property stocks jumped on Wednesday as investors bet
the central bank's surprise plan to buy assets including real estate investment
trusts would help spur on the industry's recovery.
Further
consolidation in the country's 3 trillion yen ($36 billion) REIT market is also
expected if the Bank of Japan pours money into selective REITs with financial
stability.
REITs,
corporations that pool investor funds to buy real estate, have lost about
two-thirds of their value since peaking in May 2007 as the global credit crunch
made it harder for them to raise funds to purchase properties for growth.
But the Bank of
Japan's plan to set up a 5 trillion yen ($60 billion) fund to buy a wide range
of assets including REITs, along with cutting benchmark interest rates to
virtually zero, has brought "extremely positive" support to Japanese
REITs, said Daisuke Seki, CEO of IB Research and Consulting, a REIT
consultancy.
"REITs are
seeing an increasingly positive business environment because fund-raising is
becoming easier and now, investors are assured that the government will be
pumping money into the (REIT) market," he said.
Seki said the
BOJ's move could also accelerate mergers and acquisitions in the country's REIT
market if the central bank is seen targeting mainly REITs with bigger assets or
better financial health.
Shares of
Mitsubishi Estate surged 4.2 percent, and the real estate sector's subindex
also rose 4.2 percent.
Among REITs,
Nippon Building Fund Inc gained 5.2 percent, Japan Real Estate Investment
jumped 6.4 percent and Japan Prime Realty Investment Corp rose 1.2 percent.
That helped the
Tokyo Stock Exchange's 36-member REIT index rise 1.2 percent to its highest
close since May 6.
Through the
Bank of Japan's 5 trillion yen fund announced on Tuesday, the central bank
plans to allocate about 3.5 trillion yen to buy government debt and treasury
bills, and the remainder to purchase other assets.
BROADER IMPACT
To counter a
tighter lending environment and falling property prices, Japanese REITs last
year began actively pursuing mergers and acquisitions as weaker players seek
partners for survival.
The industry
consolidation, along with greater willingness among banks to offer loans, has
helped REITs improve their financial health and buy properties in the past
year.
Japanese REITs
had acquired properties worth a total 366 billion yen in the six months to
June, more than double the figure a year ago, with more transactions expected
towards the end of this year, according to a Barclays Capital report.
The BOJ's
latest move is also likely to support Japan's property market as a whole,
said SMBC Friend Securities Research Centre analyst Masao Bamba.
"It's not
that the government will directly buy properties, but the fact that they will
pump money into the REITs and help maintain their cash status means that
property transactions in general will be activated. REITs are key vehicles in
property transactions," said Bamba.
"The news
came also when the (property) market was heading for a recovery with easier
access to banks' lending. It's positive for the overall property market,"
he said.
Betting on a
recovery in Japan's property
market, investors from the United States
to Singapore are already on
the hunt for real estate in Japan
with over $2 billion in deals cemented since late last year and more in the
offering.
Source: Reuters + ULI Japan J-REIT Seminar - (08/10/2010)ULI Japan J-REIT Lunch Seminar "Overview of Practice of J-REIT -- Outline of Investment Corporation, Disclosure Regulations, M&A and Issues of Financing and Refinancing" | | | We’re pleased to announce that, on Friday, October 29 from 12:00 noon to 13:30 at Baker & McKenzie’s offices on the 11th floor of the Prudential Tower in Nagatacho, ULI will hold the ULI Japan J-REIT Lunch Seminar. Haruhiko Ogasawara, an attorney with expertise in legal issues related to J-REIT practices including public offerings and M&A transactions, will give a presentation. Seating is limited to 30, so don’t delay – register today! | | PROGRAM | 11:45 – 12:00 | Registration | 12:00 – 13:20 | Lunch + Presentation Haruhiko Ogasawara, Baker & McKenzie GJBJ | 13:20 – 13:30 | Q & A | | PARTICIPATION FEE | YLG Members | 4,500 yen | ULI Members | 5,500 yen | Non-members | 6,500 yen | * Priority in registration will be given to ULI Japan members. (Maximum 2 participants per company) | * Lunch boxes and drinks will be provided. | * The presentation will be in Japanese. Consecutive interpreting will be provided. | |
| Haruhiko Ogasawara Practice Description Ogasawara has extensive experience in real estate securitisation, public offering of J-REITs, loan securitisation (especially in the structuring of RMBS, CMBS and ABS), TMK bonds, structured finance, advice on Financial Instrument and Exchange Law, Asset Securitisation Law, Investment Trust Law, capital markets, securities offerings, mergers and acquisitions, tender offer buyout and cross-border transactions. Education and Bar Admission Ogasawara graduated from the University of Tokyo with an LL.B. in 1994, and the University of Pennsylvania Law School with an LL.M. in 2002. He was admitted as an attorney in Japan in 1996 and New York in 2003. | | à To register, simply reply to ulijapan@transpacific.jp and ULI will send you confirmation. | à Please complete payment of the participation fee via bank transfer to the account indicated below by the day of the event. | à We are unable to accept cash payments at the door on the day of the event. | à If you wish to have an invoice issued, please contact the ULI Japan office and we will be happy to comply. | | Bank Transfer Information | Bank of Tokyo-Mitsubishi UFJ | Aoyama Branch | Futsu | Account Name: ULI Japan | Account Number: 4554792 |
<><><><><><><><><><><><><><><><><><><><><><> | ULI Japan |
| | COI Uchikanda Building 8F | 3-2-8 Uchikanda | Chiyoda-ku, Tokyo 101-0047 | TEL: 03-5297-6132 | FAX: 03-5297-6133 | ULI Main Website http://www.uli.org | ULI Japan Website http://japan.uli.org <><><><><><><><><><><><><><><><><><><><><><> | 13th Annual ULI Japan Conference | Thursday, December 2, 2010 10:00-22:00 academyhills 49F | Special Advance Rates only available to first 99 registrants! |
| | | | | |
+ Agility Logistics appoints new Japan Managing Director - (07/10/2010)Agility has
appointed Steve Whittingham as the new managing director for Korea and Japan.
This
appointment comes as the global logistics provider looks to strengthen its
management team in those growing markets.
He will be
based in Agility's Seoul
office.
Source: Agility + DHL Express appoints new CEO - (07/10/2010)DHL has
appointed Roger Crook to the role of CEO at DHL Express for the Asia Pacific,
Eastern Europe and Middle East regions, which
will take effect 1 January 2011.
In his new
role, he will work on sharpening the company's focus on international cross
border shipping business in the APEM region by targeting MNCs and SMEs.
Source: DHL + LaSalle to acquire an in-service logistics facility in Tokyo bay area - (06/10/2010)LaSalle Investment management Inc. announced that the fund it manages
has decided to acquire an in-service logistics facility in Tokyo bay area.
LaSalle has made a decision to acquire this property following 3 of
those in Tokyo
bay are which had been acquired in June 2010. It will expand the investment in
large high functional logistics facilities by managing of “LaSalle Japan
Logistics Fund II” and have
a plan to invest about 150 billion yen (US$ 1.8 billion) in a coming year and
half.
Mr. Yosuke Yoshikawa, operating officer in charge of logistics department
from LaSalle Investment Management Inc., says “this logistic
facility we acquired has approximately 17,000m2 of total floor area and located close to
central Tokyo,
and we see this as a stable target of investment. By consolidating logistics hubs
for the enterprises and anticipating brisk demand for large high functional logistics
facilities corresponding to cost reduction, LaSalle will continue to acquire in
a proactive manner logistics facility which has a good location and land for development
in Tokyo metropolitan area and Kansai region and provide in a long term reasonable
facilities.”
LaSalle Japan
Logistics Fund I and II:
The fund specialized in logistics which invests in Japanese logistics
properties with fund raised from institutional investors, major pension funds,
university funds, investment governments in USA, Europe, Middle East, Asia
region. The portfolio is about 200
billion yen (US$ 2.4 billion) and this fund is related to “Tokyo Bay Area
Logistics Facilities Portfolio”(S&LB), “Nippon Express Ichikawa
Shiohama Center” (BTS), “Logiport Kashiwa”(multi-tenant), “Logiport Osaka” (multi-tenant), “Hamura Logistics Center” (BTS), “Sumitomo Chemical
Logistics Shiino-mori
Logistics Center”(BTS),
“Logiport Nagareyama”(multi-tenant).
Point of Contact:
Mr. Imaizumi, PR section, LaSalle Investment Management Inc.
Tel:+81-(0)3-5532-8921
Source: LaSalle Investment Management Inc. + China GDP forecast to rise 9.5% - (05/10/2010)China's
gross domestic product is forecast to rise 9.5 per cent in 2010, accelerating
from 9.1 per cent in 2009.
The
forecast represents the government's official view of the country's economic
outlook.
China's
economy rose 11.9 per cent in the first quarter and 10.3 per cent in the second
quarter of this year.
China's
purchasing manager index for September showed a strong revival in economic
activities, soothing concerns about a double-dip in the Chinese economy.
Source:
Reuters |
|