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DHLT targets Asia’s growing logistics space

Candace Li
Candace Li3/24/2022 04:02 PM GMT+08  • 9 min read
DHLT targets Asia’s growing logistics space
The DPL Kawasaki Yako property owned by DHLT. Photo: DHLT
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1. Could you describe the sponsor’s background and the trust’s portfolio of real estate assets?

Daiwa House Logistics Trust (DHLT)’s sponsor is Daiwa House Industry (DHI). Founded in 1955, DHI is listed on the Tokyo Stock Exchange (TSE) and is one of the largest construction and real estate development companies in Japan with a market capitalisation of around $24 billion.

As at Sept 30, 2021, DHI has developed or was developing more than 300 logistics assets in Japan with total gross floor area (GFA) of nearly 11 million sq m, and has announced plans to pursue development opportunities more aggressively in the logistics asset class, with Southeast Asia being a key area of focus, where there is strong growth potential for such assets. The sponsor is also highly experienced in fund management with total assets under management at approximately JPY1,655 billion ($19 billion) as at Sept 30, 2021.

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