Hybrid External Growth Strategy

We aim to achieve steady external growth by utilizing two channels: the state-of-the-art “Logicross” series developed by Mitsubishi Estate, and the “MJ Logipark” series, in which the know-how of the asset management company is utilized.

Features of Mitsubishi Estate’s logistics business (Logicross)

Mitsubishi Estate Group carries out an integrated process from development by Mitsubishi Estate, a comprehensive developer, to the operation and management by its subsidiary Tokyo Ryutsu Center (TRC), which has been engaged in the logistics facility business since 1967.

Logicross Nagoya Kasadera

Logicross Fukuoka Hisayama

Conduct development by leveraging the strengths of a comprehensive developer with extensive development experience, including advanced development capabilities, coordination with government and other relevant parties, and land consolidation.
Developing advanced initiatives such as the development of logistics facilities directly connected to expressway interchanges that are compatible with automated trucks.
Utilizing experience in overseas development of office buildings and other facilities, also expanding logistics facilities business overseas, particularly in Asia and the United States.

Logicross Hasuda

(Tentative name) Kyoto Joyo core logistics facility (rendering)

Features of external growth strategy through unique initiatives by MJIA

Leveraging the know-how and relationships of MJIA, we source through unique routes such as the Partnership Development Program (PDP) and Corporate Real Estate (CRE) schemes. Additionally, we implement flexible acquisition strategies, including adjusting acquisition timing and prices with reduction in book value through bridge schemes.

PDP（Partnership Development Program）

By collaborating with partners to develop logistics facilities, MEL will obtain preferential negotiation right to acquire these properties upon completion and lease-up. MJIA contributes to various processes from sourcing to exit strategies, depending on the project.

Functions offered by MJIA

MJ Logipark Ichinomiya 1

MJ Logipark Takatsuki 1

Bridge Scheme

Utilizing the private fund management know-how of MJIA, we comprehensively consider acquisition timing, costs, project scale, and information routes to select the optimal bridge method. MEL can acquire the property when the conditions for acquisition are met. It is also possible to adjust the acquisition price through the book value reduction effect of the bridge.

Image of reduction in book value through a bridge scheme