According to a statement from the American private equity company, a Singapore wealth fund has agreed to purchase a portfolio of six logistics assets in Japan for more than US$800 million.
According to information gathered by a financial data company, the sale, which includes four million square feet of warehouses located in strategic locations across Japan, is the largest real estate transaction in Japan this year in terms of value.
The demand for effective and contemporary warehousing and distribution facilities has risen due to the rapid growth of e-commerce and the rise of online shopping. This trend has been further accelerated by the COVID-19 epidemic since more people than ever before are making purchases online.
As a result of its highly developed infrastructure and strategic location in the Asia-Pacific region, Japan continues to be a desirable market for investors in logistics real estate.