Location 169 properties located throughout Japan
Type Acquisition
Asset Type Industrial and commercial properties
Land Area 1,400,000m²
Gross Floor Area 530,000m²
Closing July, 2016

UI identified and sourced this investment opportunity for its capital partner, CBRE GIP, on a non bid negotiated basis due to its strong relationship with the seller.

Key investment highlights:

  • Rare opportunity to access a large portfolio of high yielding industrial assets with one of the best corporate covenants on triple net lease arrangements
  • Facilities are the sales and servicing and parts centers for one of the largest manufacturer of trucks and buses in Japan
  • Sites are strategically located across Japan and considered crucial to the operation of the business
  • UI negotiated and executed a new 15 year lease extension including option for an additional 15 year lease renewal