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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)


+ Sanritsu to construct large scale LC in Yokohama - (12/01/2012)

On January 11, Sanritsu announced that it would purchase large scale logistics facilities which will be built on its own land and annexed land owned by Daiwa house due to the drastic change of neighbor logistics circumstances for effective asset utilization.

Sanritsu also announced that it had closed syndicate loan limited up to JPY 6.15 billion arranged by Mitsui Sumitomo Bank for acquisition fee for the facilities, related construction fee, and demolition fee.

 

Overview of large scale LC

Tentative Name: Keihin Operation Center

Location: 1-1, 1-9, 1-14 Ebisu-cho Kanagawa-ku, Yokohama-shi Kanagawa

Acquisition fee: approx.JPY 4.86 billion

Construction: PCaPC 5 stories above ground

Site space: 13,681.14 m2 including 3,643.13 m2 land owned by Sanritsu

Total floor space: 27,361.51m2

Start of construction: 2012.1.24

Completion: 2012.12.21

Design and construction: Daiwa House

 

Sanritsu estimates approx. JPY 5.191 billion for additional investment in plant and equipment in addition to the above mentioned fee,

 

Source: Sanritsu (edited and translated by Bear Logi)

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