Mitsui Fudosan Logistics Park Inc. (TSE:3471) entered into an agreement to acquire 60% ownership in MFLP Komaki, 15% ownership in MFLP Hino, and 100% in MFLP Hiratsuka from Mitsui Fudosan Co., Ltd. (TSE:8801) for ¥19.6 billion on January 15, 2018. The transaction will be funded from own funds, from issuance of the new investment units for proceeds of ¥13.5 billion, and loans. The acquisition of MFLP Komaki and MFLP Hino is expected to close on February 2, 2018 and the acquisition of MFLP Hiratsuka is expected to close on March 15, 2018.

As on February 2, 2018, Mitsui Fudosan Logistics Park Inc. completed the acquisition of 60% ownership in MFLP Komaki.