Mapletree Industrial Fund Acquires Sun East Shinonome Building in Tokyo, Japan
15-Jul-2009
Singapore, 15 July 2009 – Mapletree Industrial Fund Pte Ltd (“MIF”) is pleased to announce today that it has acquired an industrial property in Tokyo, Japan. The acquisition of Sun East Shinonome Building marks MIF’s maiden acquisition in Japan.
Mr Phua Kok Kim, CEO of Mapletree Industrial said, “We are very pleased to have secured MIF’s first industrial property in Japan. This has enabled us to diversify the fund’s country portfolio by adding Japan to the list of Asian countries where the fund currently has a presence.
“This acquisition also affirms Mapletree’s commitment towards growing the MIF into a pan-Asian industrial fund which invests in good quality industrial properties for yield and capital appreciation,” he added.
The Sun East Shinonome Building is a freehold light industrial building with a gross floor area of about 6,620 tsubo (approximately 21,900 sq m) and is fully tenanted to an IT-related service provider for use as a data centre and for R&D activities. Strategically located in the commercially vibrant district of Shinonome in the heart of Tokyo’s Koto Ward, it is easily accessible via the Tokyo Metropolitan Expressway’s Wangan Line and the Toyosu train station on the Yurakucho line.