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Inui Warehouse to sell its Settsu land for JPY 1.4 billion - (24/02/2012)

On February 23 Inui warehouse announced that it had transferred deed of land in Settsu, Osaka based upon the management policy of both efficient investment as well as to promote restructuring management financials. The transferee has not been disclosed. 

[Overview of the land]

Location: Settsu-shi, Osaka

Land classification: residential land

Site area: 10,647.69 m2

Book value: JPY 1,576,000,000

Transfer price: JPY 1,400,000,000

 

Source: Inui warehouse (edited and translated by Bear Logi)


+ Tokyo as highest rent in High-spec logistics facilities - (20/02/2012)

High-spec logistics facilities in Tokyo requires the highest rent above all cities in the world due to the increased demand in the logistics centers from E-commerce and 3PL providers as well as imminent demand caused by the Great East Japan Earthquake. It is anticipated that the rent stably shifts because of the low supply, which enforces the augmented burden on the lessees. 

Tokyo continuously has been ranked at the top for $21.84 per 1m2 from last year, London as 2ndv for $19.47, Singapore as 3rd for $14.73.

According to the CBRE research, the reason why Tokyo has been ranked as highest rent is while industrial manufacturing has been revived and grown up in the Post-Earthquake recovery, thus there was little negative influence in the total logistics field, reconstruction of BCP, SCM, as well as reform inquires in view of earthquake-resisting capacity stimulated new demands. On the top of that relocation and expansion demands in existent total floor space from E-commerce and 3PL providers are still vital that keeps Tokyo rent continuing at the high level. 

It comes to the conclusion that the low supply of the new facilities for the time being will affect the market stable.

 

Source: Yuso-Keizai Shinbun (edited and translated by Bear Logi)

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