ITOCHU Announces Listing of ITOCHU Advance Logistics Investment Corporation on Tokyo Stock Exchange Real Estate Investment Trust Securities Market in September 2018
August 1, 2018
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announces that ITOCHU Advance Logistics Investment Corporation (headquartered in Chiyoda-ku, Tokyo; Junichi Shoji, Executive Officer; hereinafter “the Investment Company,”) which is operated by ITOCHU REIT Management Co., Ltd. (headquartered in Chiyoda-ku, Tokyo; Junichi Shoji, President & Representative Director; hereinafter “the Asset Management Company”), a consolidated subsidiary of ITOCHU, today obtained approval from the Tokyo Stock Exchange, Inc. to list the Investment Company’s investment units on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market. The expected date of listing is September 7, 2018.
The Investment Company is a listed real estate investment company mainly for investment in logistics real estate. The ITOCHU Group will help the Investment Company achieve consistent growth by leveraging the Group’s experience that it has accumulated in land purchases, facility development and the leasing of logistics properties since the early 2000 as a developer, mainly in the construction and logistics divisions in addition to the experience as a logistics operator. As a sogo shosha engaged in wide variety of commercial flows, the ITOCHU Group will contribute to the growth strategies that the Investment Company will pursue by using its broad customer network covering 100,000 companies and the presence in consumer-related businesses which has a high affinity with the logistics business.
The Investment Company is the second listed real estate investment company sponsored by the ITOCHU Group after Advance Residence Investment Corporation which has the largest asset size in residential-focused J-REIT. By taking full advantage of the operational know-how that it has accumulated in the group, the ITOCHU Group will support the asset management of the Investment Management Company, thereby ensuring that the Investment Company implements management in a stable fashion.
In addition to maximizing the unitholder value of the Investment Company, the ITOCHU Group will seek to contribute to the further development of the J-REIT market, logistic infrastructure and the creation of an affluent society.
Overview of the Investment Company
Name | ITOCHU Advance Logistics Investment Corporation |
---|---|
Stock symbol | 3493 |
Securities code | R-IAL |
Location | 6-5, 3-chome, Kojimachi, Chiyoda-ku, Tokyo |
Establishment | May 1, 2018 |
Registrations | May 24, 2018 (Director General of the Kanto Local Finance Bureau Registration No.138) |
Representative | Junichi Shoji, Executive Officer |
Overview of the Investment Management Company
Name | ITOCHU REIT Management Co., Ltd. |
---|---|
Location | 6-5, 3-chome, Kojimachi, Chiyoda-ku, Tokyo |
Establishment | February 15, 2017 |
Capital | 200,000,000 yen |
Description of business | Investment management service |
Representative | Junichi Shoji,, President & Representative Director |
Number of employees | 15 |
Shareholders | ITOCHU Corporation (80%), ITOCHU Property Development, Ltd (20%) |
Licenses and registrations | Financial instruments business operator registration: Director-General of the Kanto Local Finance Bureau (Kinsho) No. 3027 Building lots and building transaction License: Governor of Tokyo (1) No. 100434 Building lots and building transaction agency permit: Minister of Land, Infrastructure, Transport and Tourism, Permit No. 121 |