ITOCHU Corporation
Growth Strategies
ADL will take advantage of the preferential negotiation rights it enjoys under separate sponsor support agreements with ITOCHU Corporation and ITOCHU Property Development, Ltd., to access the ITOCHU Group’s customer network and its expertise in land purchase, development, and leasing in the field of logistics real estate. In this way, we aim to secure opportunities for property acquisition and further diversify and solidify our portfolio.
Timeline of ITOCHU Group Logistics Real Estate Development and Acquisition
The ITOCHU Group began developing logistics real estate in 2004 and listed ADL in 2018.
Stable Sourcing System
External Growth with Sponsor Support
To achieve its external growth targets, ADL will benefit from support in the areas indicated below based on its sponsor support agreements with the ITOCHU Group, which has strengths in land purchase and facility development.
Building up pipeline through support by the sponsor and the asset management company's own sourcing.
As it works to expand its asset scale, ADL has the benefit of pipeline support (preferential negotiation rights) from ITOCHU Corporation and ITOCHU Property Development and extensive external growth support through the ITOCHU Group network.
| Completion date (planned) | Property under ownership/ development | Location | Total floor area (planned) （㎡） |
Preferential negotiation rights |
|---|---|---|---|---|
| July 2022 | i Missions Park Atsugi 2 | Isehara City, Kanagawa Prefecture | 15,572 | Preferential negotiation rights |
| September 2022 | i Missions Park Kazo | Kazo City, Saitama Prefecture | 11,173 | Preferential negotiation rights |
| February 2023 | i Missions Park Kasugai | Kasugai City, Aichi Prefecture | 15,402 | Preferential negotiation rights |
| June 2023 | i Missions Park Kuwana | Kuwana City, Mie Prefecture | 93,627 | Preferential negotiation rights |
| September 2023 | i Missions Park Yoshikawa Minami | Takahisa, Yoshikawa City, Saitama Prefecture | 17,918 | Preferential negotiation rights |
| December 2025 | i Missions Park Tanotsu (provisional name) | Fukuoka City, Fukuoka Prefecture | Undecided | Preferential negotiation rights |
| September 2026 | i Missions Park Neyagawa (provisional name) | Neyagawa City, Osaka Prefecture | Undecided | Preferential negotiation rights |
Examples
(1) Strengths in land purchase and development of ITOCHU Property Development
ITOCHU Property Development engages in land purchase and development in the field of logistics real estate, drawing on its sourcing routes as a comprehensive developer and the strengths acquired in its extensive track record of development in a wide range of property types.
(2) Access to available development sites through customer networks
ITOCHU Corporation has built a good relationship with Nippon Steel & Sumikin Engineering Co., Ltd. (NSENGI) by placing with it orders for the construction of logistics facilities. On the strength of this relationship, ITOCHU Corporation has been able to acquire unused land assets belonging to NSENGI and its parent company, Nippon Steel & Sumitomo Metal Corporation (NSSMC), for development as logistics facilities.
(3) Response to Group company development needs
Having successfully developed two dedicated logistics centers for its Group company Nippon Access, Inc., the ITOCHU Group has worked together with Nippon Access, which is the centers' tenant, and Fujita Corporation, which is the joint developer and also responsible for design and construction, to plan and manage the official certification process and related procedures in compliance with the Act on Advancement of Integration and Streamlining of Distribution Business.
