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1 January 8, 2020 for Immediate Release Real Estate Investment

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1 January 8, 2020 for Immediate Release Real Estate Investment January 8, 2020 For Immediate Release Real Estate Investment Trust Securities Issuer: Mitsui Fudosan Logistics Park Inc. (Securities Code: 3471) 6-8-7 Ginza, Chuo-ku, Tokyo 104-0061 Representative: Masayuki Isobe, Executive Director Asset Management Company: Mitsui Fudosan Logistics REIT Management Co., Ltd. Representative: Chishu Zushi, President and Chief Executive Officer Inquiries: Tatsu Makino, Managing Director and Chief Financial Officer Tel. +81-3-6327-5160 Notice Concerning Acquisition and Leasing of Assets Mitsui Fudosan Logistics REIT Management Co., Ltd. (“Asset Management Company”), an asset management company to which Mitsui Fudosan Logistics Park Inc. (“MFLP-REIT”) entrusts management of its assets, decided on January 8, 2020, to acquire the trust beneficiary interests in the following properties (the “Anticipated Acquisitions”) with lease contracts with new tenants. 1. Overview of the Acquisition Property Planned acquisition price Category No. Property name Location (*2) (*1) (millions of yen) 16,710 (70% quasi co-ownership interests) L-8 MFLP Sakai(*3) Sakai-shi, Osaka 2,390 (10% quasi co-ownership Logistics interests) facilities 14,800 MFLP Prologis Park L-16 Kawagoe-shi, Saitama (50% quasi co-ownership Kawagoe(*4) interests) Hiroshima-shi, L-17 MFLP Hiroshima I 14,480 Hiroshima Total of 3 Properties - 48,380 (Note 1) The property number is attached to the assets which the MFLP-REIT currently holds and the Anticipated Acquisitions by the MFLP-REIT for each category of “L”, which stands for logistics facilities, and “I”, which stands for industrial properties. The same applies hereinafter. Note: This document is a press release that is to be made publicly available regarding the acquisition and leasing of assets by MFLP-REIT, and has not been prepared for the purpose of soliciting any investment. Prospective investors are advised to make any investment decision at their own risk and responsibility. In addition, this document does not constitute an offer of securities in the U.S. The securities referred to above have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (“Securities Act”). The securities referred to above may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States. 1 (Note 2) The “Planned acquisition price” is the purchase price of each trust beneficiary interest as set forth on the respective agreements for sale and purchase of trust beneficiary interest to the Anticipated Acquisitions, which is rounded down to the nearest million yen. The purchase price for sale and purchase does not include the national and local consumption taxes and other acquisition costs. (Note 3) With respect to “MFLP Sakai,” MFLP-REIT and Sakai Chikkoyawata Tokutei Mokuteki Kaisha concluded two agreements with different planned acquisition dates for the sale and purchase of the trust beneficiary interest on January 8, 2020 under which MFLP-REIT will acquire 70% and 10 % of the quasi co-ownership interests of “MFLP Sakai” from Sakai Chikkoyawata Tokutei Mokuteki Kaisha on February 5, 2020 and April 6, 2020, respectively. Accordingly, the Planned acquisition price of “MFLP Sakai” is the figures equivalent to 70% and 10% of the quasi co-ownership interests of the said property that MFLP-REIT will acquire, respectively. MFLP-REIT already acquired 20% of the quasi co-ownership interests of “MFLP Sakai” on August 2, 2016. (Note 4) The Planned acquisition price of “MFLP Prologis Park Kawagoe” is the figure equivalent to 50% of the quasi co-ownership interests of the said property that MFLP-REIT will acquire. (Note 5) With respect to 80% of the quasi co-ownership interests of “MFLP Sakai”, MFLP-REIT concluded the agreements for the sale and purchase of the trust beneficiary interests by exercising the right of first refusal that MFLP-REIT has been granted based on the agreement between quasi co-owners that MFLP-REIT has concluded with the other co-owners of MFLP Sakai. (1) Sales and : January 8, 2020 purchase agreement date (2) Planned : (1) “MFLP Sakai” (70% quasi co-ownership interests) and “MFLP Prologis acquisition date(*1) Park Kawagoe” (50% quasi co-ownership interests) February 5, 2020 (2) “MFLP Hiroshima I” March 2, 2020 (3) “MFLP Sakai” (10% quasi co-ownership interests) April 6, 2020 (3) Seller : Please refer to the Section 4 (Seller Profile) below. (4) Acquisition funds : Own funds, the proceeds from issuance of the new investment units which was decided at the Board of Directors’ Meeting of the MFLP-REIT held on January 8, 2020(*2) and loans (*3) (5) Settlement : To be paid in a lump sum upon delivery method (Note 1) The Planned acquisition date is the date set forth in the respective sale and purchase agreement of trust beneficiary interests to the Anticipated Acquisitions. The Planned acquisition date for the Anticipated Acquisitions may be changed under agreement between the MFLP-REIT and the sellers. (Note 2) For details, please refer to the “Notice Concerning Issuance of New Investment Units and Secondary Offering of Investment Units” announced today. (Note 3) Details will be announced as soon as they are decided. 2. Reason for the Acquisition and Lease The Anticipated Acquisitions are mainly composed of the logistics facilities developed by Mitsui Fudosan Co., Ltd., the sponsor of the MFLP-REIT, or Sakai Chikkoyawata Tokutei Mokuteki Kaisha and Kawagoe Tokutei Mokuteki Kaisha to which Mitsui Fudosan Co., Ltd. contributes funds. They will be acquired and leased to improve the portfolio according to the targets and policies of asset management set forth in the articles of incorporation of the MFLP-REIT. The characteristics of the respective Anticipated Acquisitions are as follows. As for the tenants of the Anticipated Acquisitions, it has been determined that the tenants conform to the selection criteria described in the "Report on the Management System of Issuers, etc. of Real Estate Investment Trust Securities" filed on October 25, 2019. Note: This document is a press release that is to be made publicly available regarding the acquisition and leasing of assets by MFLP-REIT, and has not been prepared for the purpose of soliciting any investment. Prospective investors are advised to make any investment decision at their own risk and responsibility. In addition, this document does not constitute an offer of securities in the U.S. The securities referred to above have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (“Securities Act”). The securities referred to above may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. The securities referred to above will not be publicly offered or sold in the United States. 2 (Property No. L-8) MFLP Sakai (1) Location Located close to the Sanpou Interchange of the Hanshin Expressway Bay Shore Route, this property offers easy access to the Urban Expressway, which passes through the Bay Shore area in all directions. This property is also close to Osaka Port and Sakaisenboku Port, which provides a wide delivery base. The Hanshin Expressway Route 6 (Yamatogawa Route) is expected to connect the east of this area to the west. This property is accessible to the Kinki Expressway towards the eastern and northern sides of Osaka, the Hanwa Expressway towards the southern side of Osaka, and the Nishi-Meihan Expressway towards Nara via the Hanshin Expressway on the way to Osakamatsubara. This contributes to a reduction of lead time and is expected to enhance accessibility to a wide area of Kansai. Furthermore, this property is located in a crowded industrial area with factories and warehouses, which provides 24-hour continuous operational capability and frequent delivery cycles. This property is accessible by bus and is located close to a densely populated area, which provides access to a workforce. (2) Features of the building This property is a five-story multi-tenant Rampway type MFLP with a gross floor area of 125,127 m2. This property is equipped with double one-way rampways with direct access to each floor and central roads, which is highly efficient for delivery operations. The basic specifications include an effective ceiling height of 5.5 m, a floor loading capacity of 1.5 t/ m2 and column spacing of 10m × 11.5 m. With high storage capability and flexibility, this property is attractive to a wide range of industries. Moreover, this property has cafeterias and common use spaces, which provides an attractive environment for employees, in addition to parking spaces. On the premises, there are 30 truck waiting spaces and 298 parking spaces for employees (including 4t cars). Therefore, sufficient space is secured. This property features seismic isolators, emergency power generators that can be activated during power outages, as well as large-scale, environmentally-friendly solar panels on its rooftop. (Property No. L-16) MFLP Prologis Park Kawagoe (1) Location This property is located approximately 2.5 km from the Kawagoe Interchange, which is the transportation hub of both National Route 16, a main loop line in Metropolitan Area, and the Kanetsu Expressway. This property is highly accessible and provides efficient access to the Metropolitan area and nationwide. This property is located within walking distance (approximately six minutes) of Minamiotsuka Station on the Seibu Shinjuku Line, and easily accessible by bus from Kawagoe Station on the JR Kawagoe Line and the Tobu Tojo Line, as well as Honkawagoe Station on the Seibu Shinjuku Line. (2) Features of the building This property is a four-story Rampway type MFLP with a gross floor area of 117,337 m2. This property is equipped with double one-way rampways with direct access to each floor, which is highly efficient for delivery operations.
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