Daiwa House Logistics Trust is making its first acquisition by purchasing two freehold logistics properties from its sponsor, along with a piece of land:

The aggregate purchase consideration for the Proposed Acquisition is JPY 4,676.0 million (S$47.7 million) (“Aggregate Purchase Consideration”), which is 11.8% lower than the average appraised value of the Target Portfolio of JPY 5,301.5 million (S$54.1 million) (“Aggregate Appraised Value”). The total acquisition cost of the Proposed Acquisition including acquisition and transaction-related expenses, shall be financed by a combination of bank borrowings and subscription of units in DHLT (“Units”) by the Sponsor amounting to JPY 1.25 billion.

The trust expects the operation to be yield accretive.