Mitsui & Co., Logistics Partners Ltd., completed the acquisition of Land of Kasugai Logistics Centre from Itochu-Shokuhin Co., Ltd..
April 22, 2015
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Mitsui & Co., Logistics Partners Ltd., agreed to acquire Land of Kasugai Logistics Centre from Itochu-Shokuhin Co., Ltd. (TSE:2692) for ¥830 million in cash on April 16, 2015. The date of contract and closing date is expected to be April 23, 2015. The purchase consideration will be paid in lump-sum on the day of closing and will be financed with cash in hand. Benjamin Mark Duncan from CBRE k.k. acted as the broker in the transaction. Daiwa Real Estate Appraisal Co., Ltd. served as the appraisal agent for the property.
Mitsui & Co., Logistics Partners Ltd., completed the acquisition of Land of Kasugai Logistics Centre from Itochu-Shokuhin Co., Ltd. (TSE:2692) on April 23, 2015.
ITOCHU-SHOKUHIN Co., Ltd. is a Japan-based company mainly engaged in alcoholic beverages and food wholesale business. The Company is engaged the provision of alcoholic beverages and foods wholesale business, the storage and transportation of related products, the provision of information regarding various products, as well as the merchandising business related to product distribution. It is also involved in the logistics management business, retail business, and food manufacture business.