Nippon Prologis REIT, Inc. (TSE:3283) is looking for acquisitions. Unknown Executive of the company said, "Our acquisition pipeline from sponsor Prologis remains robust. We now have an acquisition pipeline of 13 properties with an estimated value of JPY 240 billion.

Accordingly, the average pace of our external growth of JPY 50 billion to JPY 60 billion per year will continue. Also the preleasing of pipeline properties proceeded quite well, which has resulted in immediate stabilization of these properties upon completion of construction work. Leveraging the strong pipeline support from Prologis, we will continue to acquire high-quality facilities without being exposed to market competition".