ESR-Logos REIT has agreed to buy a Greater Tokyo logistics asset for S$183.5 million ($131.4 million), marking the Singapore-listed trust’s first acquisition in Japan.

The trust’s sponsor, Hong Kong-listed ESR Group, will acquire ESR Sakura Distribution Centre in Chiba prefecture from a fund under its management and in turn sell the asset to ESR-Logos REIT, the trust’s manager said Monday in a release.