Advance Logistics Investment Corporation entered into Sale and purchase agreement to acquire i Missions Park Ichikawa-Shiohama from ITOCHU Corporation and ITOCHU Property Development, Ltd. for ¥21.8 billion.

Advance Logistics Investment Corporation (TSE:3493) entered into Sale and purchase agreement to acquire i Missions Park Ichikawa-Shiohama from ITOCHU Corporation (TSE:8001) and ITOCHU Property Development, Ltd. for ¥21.8 billion on October 4, 2022. The acquisition will be funded from proceeds from issuance of investments units and from treasury funds and borrowings. Consideration will be paid in lump sum on delivery.

70% of quasi-co-ownership interest expected to complete on October 19, 2022 and 30% of quasi-co-ownership interest expected to complete on April 3, 2023. As on October 19, 2022, Advance Logistics Investment Corporation completed the acquisition of 70% of quasi-co-ownership interest in i Missions Park Ichikawa-Shiohama.