Nippon Prologis REIT : Announces Change in Affiliate Structure
July 15, 2021 at 02:33 am EDT
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July 15, 2021
FOR IMMEDIATE RELEASE
Nippon Prologis REIT Announces Change in Affiliate Structure
Nippon Prologis REIT, Inc. ("NPR") today announced a change in the affiliate structure for its asset management company, Prologis REIT Management K.K. ("PLDRM").
1. Overview
Hakuba Special Purpose Company was categorized as PLDRM's "specified related party" (a party engaged in the transactions set forth in Article 29-3, Paragraph 3, Item 1 and Item 2 of the Order for Enforcement of the Financial Instruments and Exchange Act) as of June 1, 2021. This occurred because the total amount paid by NPR for the acquisition of real estate trust beneficiary interest to the company over the previous three years as of the end of the May 2021 fiscal period exceeded 20 percent of NPR's total payment for acquisitions or the total amount received for dispositions of real estate assets and/or real estate trust beneficiary interests.
Effective Date June 1, 2021
Profile of Specified Related Party
Trade name
Hakuba Special Purpose Company
Head office address
Tokyo Building 2-7-3, Marunouchi, Chiyoda-ku, Tokyo
1. Acquisition, management and disposition of specified assets in
accordance with an asset securitization plan based on the
Major business
requirements of the Act on Securitization of Assets
2. Any and all ancillary businesses pertaining to asset securitization
business in connection with the business of other aforementioned
specified assets
Relationship with NPR and
Special purpose company for which ProLogis K.K., the parent company
of PLDRM, provides asset management services and in which affiliates
PLDRM
of ProLogis K.K. holds an equity interest as a related party
4. Impact on NPR's Forecasts
NPR does not expect there to be an impact from the change in its affiliate structure to NPR's financial forecasts for the fiscal period ending November 30, 2021 (from June 1, 2021 to November 30, 2021), or
for the fiscal period ending May 31, 2022 (from December 1, 2021 to May 31, 2022), which NPR 1
announced today.
For more information about Nippon Prologis REIT, please visit: https://www.prologis-reit.co.jp/en/
Real Estate Investment Trust Securities Issuer: Nippon Prologis REIT, Inc. (Code 3283) Tokyo Building 21F, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo
Nippon Prologis REIT Inc. published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 06:32:04 UTC.
Nippon Prologis REIT Inc. is a Japan-based real estate investment trust (REIT). It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The REIT mainly invests in logistic facilities, focusing on A class logistic facilities. Its portfolio included Prologis Park Ichikawa 1, Prologis Park Zama 1 , Prologis Park Kawajima , Prologis Park Osaka 2, Prologis Park Maishima 3 , Prologis Park Kasugai, Prologis Park Maishima 4, Prologis Park Kitanagoya, Prologis Park Tagajo and Prologis Park Takatsuki, among others. The asset manager of the REIT is Prologis REIT Management K.K.
NIPPON PROLOGIS REIT, INC. 
