Industrial & Infrastructure Fund Investment Corp (TSE:3249) agreed to acquire IIF Kobe Logistics Center from Nissin Corporation (TSE:9066) for ¥5.2 billion on January 16, 2013. On the date of announcement, the land of IIF Kobe logistics Center is owned by City of Kobe which will be acquired by Nissin Corporation before the completion of the acquisition. In a related transaction, Industrial & Infrastructure Fund Investment Corp (TSE:3249) agreed to acquire 5 other properties.

The transaction will be financed by issuance of new investment units, loans and through cash reserves, which includes debt financing of ¥9 billion and equity financing of ¥10.6 billion. The transaction is expected to close by February 7, 2013. CBRE K.K. acted as the real estate appraiser of the property for Industrial & Infrastructure Fund.