Industrial & Infrastructure Fund Investment Corp (TSE:3249) signed an agreement to acquire IIF Ota Logistics Center from Sumitomo Mitsui Finance and Leasing Company, Limited for ¥1 billion on January 24, 2017. In related transactions, Industrial & Infrastructure Fund Investment Corp will acquire Osaka Konohana Logistics Center (49% co-ownership interest), IIF Fukuoka Hakozaki Logistics Center I (60% co-ownership interest), IIF Fukuoka Hakozaki Logistics Center II (60% co-ownership interest), IIF Itabashi Logistics Center (60% co-ownership interest), IIF Yokosuka Technology Center and IIF Shonan Technology Center, IIF Sendai Yamato Logistics Center, IIF Osaka Suminoe Logistics Center I (75% co-ownership interest), IIF Osaka Suminoe Logistics Center II (75% co-ownership interest), and IIF Morioka Logistics Center II. Industrial & Infrastructure Fund Investment Corp will borrow ¥13 billion long term debt to fund the transaction. The property handover date and price payment date is February 21, 2017. The Tanizawa Sogo Appraisal Co.,Ltd. acted as appraiser and Japan ERI Solution Co. Ltd. acted as evaluator.