【Sumitomo Corporation】 Investigation of composition of listed REIT (real estate investment corporation) with its main investment target by logistics facilities
Sumitomo Corporation On commencement of examination of the composition of a listed REIT (real estate investment corporation) with its logistics facilities as the main investment target ………………………………………………………………………………… Sumitomo Corporation (head office: Chiyoda-ku, Tokyo, President and CEO: CEO: Masayuki Hyodo, hereinafter “Sumitomo Corporation”) is a 100% subsidiary Sumisho Realty Management Co., Ltd. (Head office: Chuo-ku, Tokyo (Hereinafter referred to as the “Sumitomo Corporation Group”), through real estate investment corporations (“Listed REITs”) whose main investment targets are for logistics facilities through the establishment of the “Sumitomo Corporation Group” (Hideki Yano, President: Hideki Yano) We started consideration towards. Sumitomo Corporation, in response to the growing needs for state-of-the-art logistics facilities as a platform to support expansion of Internet mail-order business in recent years, is capable of responding to various logistics needs, providing state-of-the-art logistics facilities series “SOSiLA” (Sosira) is developing. Sociability (connection with society) · Sustainability (consideration for the environment · sustainable growth) · Individuality (for people and the working environment) to realize “SOSiLA” brand concept “logistics facility connecting people and society” We are promoting the creation of facilities to provide new value such as addressing logistics efficiency needs / distribution processing needs, pursuing facility sustainability and variability, working environment improvement. Until now, SOSiLA Yokohama Kohoku, SOSiLA Sagamihara, SOSiLA Ebina, SOSiLA Kasukabe, SOSiLA Kawagoe etc. totaling more than 150 billion yen in the Tokyo metropolitan area and the Kansai area 1), which is one of them. SRM was established in September 2007 from Sumitomo Corporation inheriting the asset management business of private real estate fund for domestic and foreign institutional investors. We are engaged in the management of private placement funds and private recruitment targets for office buildings, commercial facilities, houses, logistics facilities, hotels, and our current assets under custody exceeds total of 420 billion yen (Note 2). The Sumitomo Corporation Group will contribute to the development of the region and industry as well as realizing comfortable living through composition and operation of the Listed REIT. In addition, we will aim to further expand the real estate business by placing the non-asset business (Note 3) like the Listing REIT (3) and the conventional on-book business (Note 4) as the two wheels. (Note 1) Including assets owned by funds that Sumitomo Corporation invests, not limited to its own assets. Development property refers to the size of the asset at completion. (Note 2) Total acquisition price of assets held by customers that SRM has contract management services, etc. The acquisition price of overseas assets is calculated by converting it into Japanese yen based on the average monthly rate of the month in which the asset was acquired. (Note 3) Business that does not hold assets, invests in real estate development with funds gathered from outside, and obtains commission income. (Note 4) Project to acquire rental income and capital gain by possessing assets and self-imposed self-imposed investment risk. SOSiLA Yokohama Kohoku [Image 1: https://prtimes.jp/i/72/589/resize/d726-589-121659-1.gif] Location: Yokohama, Kanagawa Prefecture Completion date: September 2017 Total floor area: 87,444 square meters SOSiLA Sagamihara [Image 2: https://prtimes.jp/i/72/589/resize/d726-589-990654-2.gif] Location: Sagamihara, Kanagawa Prefecture Completion date: May 2018 Total floor space: 55,121 square meters SOSiLA Ebina [Image 3: https://prtimes.jp/i/72/589/resize/d726-589-288803-3.gif] Location: Ebina City, Kanagawa Prefecture Completion date: February 2020 (planned) Total floor space: 76,892 square meters SOSiLA Kasukabe [Image 4: https://prtimes.jp/i/72/589/resize/d726-589-607670-4.gif] Location: Kasukabe City, Saitama Prefecture Completion date: March, 2019 Total floor space: 52,947 square meters SOSiLA Kawagoe [Image 5: https://prtimes.jp/i/72/589/resize/d726-589-713252-5.jpg] Location: Kawagoe City, Saitama Prefecture Completion date: January 2019 Total floor area: 21,642 square meters
■ SOSiLA HP: sosila.com/
■ Materiality of Sumitomo Corporation (Important Issue) The Sumitomo Corporation Group considers “six materialities (important issues) for sustainable growth with society” as an important element in the formulation of business strategies and the decision making process of individual businesses and resolves issues through business activities We will strive for sustainable growth by doing so. This project contributes to the “contribution to the development of the region and industry”, “to build a foundation for a comfortable and exciting life”, “to build diverse access”. [Image 6: https://prtimes.jp/i/726/589/resize/d726-589-813283-0.png]
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