Diamond Realty Management Inc.

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Employees Provident Fund Malaysia appoints Diamond Realty Management for Japan Core-Plus Logistics investments

Press Release

Diamond Realty Management Inc. (DREAM), a 100% subsidiary of Mitsubishi Corporation (MC) today announced it has been awarded a non-discretionary mandate to invest in Japan Core-Plus Logistics on behalf of Employees Provident Fund Malaysia (EPF). In this mandate, DREAM will act as an asset manager and program advisor to advise the acquisition, disposition as well as to actively manage the portfolios. MC will also be sponsoring the mandate by way of capital contribution. The mandate represents EPF’s first direct real estate investment in Japan.

Along with the launch of this mandate, DREAM has advised the acquisition of a seed portfolio which comprises five logistics properties located in the Funabashi and Tokorozawa areas within Greater Tokyo and which were wholly-owned by MC via an SPC.

The mandate will focus on Core-Plus logistics strategy in Greater Tokyo and selected Japanese cities as a sector offers a number of attractive investment characteristics. It aims to generate attractive risk-adjusted returns by acquiring, managing and improving income-producing assets. Key elements of the strategy is to preserve stable income stream however it also aims to enhance rental income through active asset management including re-tenanting or leasing of vacant spaces, securing high quality tenants.

〔Reference〕
1.Diamond Realty Management Inc.
 (1)Head Office: 16-1, Hirakawacho 2-Chome, Chiyoda-ku, Tokyo, Japan
 (2)Business Line: Business Development Division, Business Development Department
 (3)Representative: Takashi Tsuji, President and Chief Executive Officer
 (4)Date Established: 2004
 (5)Number of Employees: 54 (as of January 2015)

2.Employees Provident Fund Malaysia
 (1)Head Office:Jalan Raja Laut, 50350 Kuala Lumpur, Malaysia
 (2)Business Line: Retirement Fund
 (3)Representative: Datuk Shahril Ridza Ridzuan, Chief Executive Officer
 (4)Date of Establishment: 1951
 (5)Number of Employee: 5,452 (as of 2014)

3.Mitsubishi Corporation
 (6)Head Office: 3-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan
 (7)Business Line: Asset Management Business Division, Industrial Finance, Logistics & Development Group
 (8)Representative: Ken Kobayashi, President and Chief Executive Officer
 (9)Date Established: 1950
 (10)Number of Employees: 65,975(consolidated basis, as of March 31, 2013)

【Inquiry Recipient】
Diamond Realty Management Inc.
TEL:+81-3-5212-4811