Industrial & Infrastructure Fund Investment Corp completed the acquisition of IIF Kobe Logistics Center from Nissin Corporation.
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.
Industrial & Infrastructure Fund Investment Corp (TSE:3249) completed the acquisition of IIF Kobe Logistics Center from Nissin Corporation (TSE:9066) on February 7, 2013.