Mitsui Fudosan Logistics Park Inc. (TSE:3471) entered into an agreement to acquire 80% ownership in MFLP Sakai, 50% ownership in MFLP Prologis Park Kawagoe, and 100% ownership in MFLP Hiroshima I from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥48.4 billion on January 8, 2020. The transaction will be funded from own funds, from issuance of the new investment units for proceeds of ¥27.03 billion, and loans. The acquisition of 70% stake in MFLP Sakai and MFLP Prologis Park Kawagoe is expected to close on February 5, 2020, MFLP Hiroshima I is expected to close on March 2, 2020 and the acquisition of 10% stake in MFLP Sakai is expected to close on April 6, 2020.

Mitsui Fudosan Logistics Park Inc. (TSE:3471) cancelled the acquisition of 80% ownership in MFLP Sakai, 50% ownership in MFLP Prologis Park Kawagoe, and 100% ownership in MFLP Hiroshima I from Mitsui Fudosan Co., Ltd. (TSE:8801) on January 8, 2021.