Portfolio Overview
The portfolio currently comprises 16 modern logistics properties which are built to high specification. The properties are strategically located with proximity to transportation and shipping infrastructure. The portfolio has a high occupancy rate anchored by a diversified blue-chip tenant base which are involved in multiple sectors including 3PL and e-commerce.
The properties are diversified across the Greater Tokyo Area as well as core regional markets throughout Japan to mitigate concentration risk. The portfolio has a mix of built-to-suit single-tenanted and multi-tenanted properties, providing a balance of both long-term stability and opportunities for rent increases upon lease renewals, as well as a balanced mix of freehold and leasehold assets.
16
Number of
Properties
100 %
Occupancy
6.2
Years
WALE
6.3
Years
Portfolio Age
As at 31 December 2023
DPL Sapporo Higashi Kariki
Hokkaido, Hokkaido region
DPL Sendai Port
Miyagi, Tohoku region
DPL Koriyama
Fukushima, Tohoku region
DPL Ibaraki Yuki
Ibaraki, Greater Tokyo
D Project Maebashi S
Gunma, Greater Tokyo region
D Project Kuki S
Saitama, Greater Tokyo region
D Project Misato S
Saitama, Greater Tokyo region
D Project Iruma S
Saitama, Greater Tokyo region
DPL Kawasaki Yako
Kanagawa, Greater Tokyo region
D Project Nagano Suzaka S
Nagano, Greater Tokyo region
DPL Shinfuji
Shizuoka, Greater Nagoya region
D Project Kakegawa S
Shizuoka, Greater Nagoya region
DPL Okayama Hayashima
Okayama, Chugoku region
DPL Okayama Hayashima 2
Okayama, Chugoku region
DPL Iwakuni 1 & 2
Iwakuni, Chugoku region
D Project Matsuyama S
Matsuyama, Shikoku region
D Project Fukuoka Tobara S
Fukuoka, Kyushu region
Portfolio Statistics
- As at 31 December 2023.
- Based on independent valuation as at 31 December 2023.
- DHLT, in substance, owns the full freehold property of D Project Iruma S after acquiring the underlying freehold land.
- Comprised the aggregate purchase consideration for property and freehold land.
- The ordinary land lease automatically renews for a term of 20 years unless otherwise agreed by the parties and the lessor will not be able to object to renewal without a justifiable reason.
- As at 31 August 2023
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