United Urban Investment Corporation Acquires Kobe Toyahama Logistics Center
April 17, 2020 — United Urban Investment Corporation (United Urban) announced that Japan REIT Advisors Co., Ltd. (JRA) — the asset management company to which United Urban entrusts asset management services — decided to acquire the property as set forth below.
United Urban said it will acquire the asset for the purpose of further enhancing its portfolio.
Details of Acquisition
(1) Reasons for Acquisition
In accordance with the basic asset management policy and its investment approach prescribed in its Articles of Incorporation, United Urban will acquire the Asset to be Acquired for the purpose of further enhancing its portfolio. In making the decision to acquire the Asset to be Acquired, the following aspects were highly attractive.
The Asset to be Acquired (hereinafter referred to as the “Property”) is located approximately 2.4km from the Yanagihara interchange (IC) of the Hanshin Expressway No.3 Kobe Line and National Road No.2. It also sits in the bay area of the Kobe Port, where there are many logistics facilities that handle international cargo.
Located within 5 km of Sannomiya, a center of consumption in the Kobe metropolitan area, the Property has an advantage in a regional delivery. In addition, the Hyogo ward, a location of the Property, and its adjacent Chuo ward, are seeing continued population growth, and hold a large working population.
The extension work on the Osaka Wangan Road Nishishinbu (Rokko Island Kita to Komaei) is in progress, and after its completion, the location of the Property will be connected to Kansai International Airport at the Rinku Junction. The road provides the cities with an access across the Osaka Bay area, and an improvement of a logistics function of the Kobe Port is promising. Also, a stronger cooperation between airports, namely Kansai International Airport, Osaka International Airport and Kobe Airport, is anticipated and potentials of the Property will likely be increased.
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