Mapletree Investments has acquired IXINAL Monzen-Nakacho Building, an industrial property in Tokyo, from Itochu Corp, Japan.
The property is a five-storey light industrial building that houses an operations cum data centre, information systems development and corporate headquarters.
However, Mapletree has not revealed the amount it shelled out for the acquisition of the building.
This freehold property was completed in September last year, and is currently being leased to a company listed on the Tokyo Stock Exchange which offers outsourcing services, as well as the development of information services and operating private trading systems.
It sits on a land measuring 2,788 sq m and has a net floor area of 6,852 sq m.
“The property is located in Monzennaka-cho, Koto-ku, Tokyo. Due to its lower land cost and proximity to Tokyo’s Central Business District, which is a 10-minute drive away as well as its accessibility from Haneda and Narita international airports, Koto-ku has become a popular location as headquarters for leading Japanese blue-chip companies,” said Mr. Phua Kok Kim, chief executive officer of the Mapletree Industrial firm.