Mitsubishi Estate Logistics REIT Investment (TYO:3481) will obtain 8.77 billion yen in short-term debt financing from major banks for the acquisition of Osaka Logistics Facility, according to its Thursday bourse filing.
MUFG Bank is providing a loan totalling 3.0 billion yen, while Mizuho Bank is providing three loans amounting to 5.1 billion yen, 370 million yen, and 300 million yen.
These borrowings, primarily based on existing overdraft agreements, are scheduled for April 21, 2025, and will be fully repaid on April 21, 2026.
In a separate filing, the REIT's asset manager, Mitsubishi Jisho Investment Advisors, disclosed the acquisition of the Logicross Osaka Katano logistics facility in Katano, Osaka, for an anticipated price of 7.94 billion yen, effective April 21, 2025.
Price (JPY): $117400.00, Change: $+2300, Percent Change: +2.00%
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