What is the purpose of this fund?

To address challenges in the logistics industry (such as refrigerant regulations and the 2024 issue) and enhance the asset value of existing logistics facilities.

What facilities are included?

Three dry warehouses with general specifications located in logistics-friendly areas, including the capital region.

What is the outlook for the future logistics real estate market?

The supply-demand gap is expected to narrow, and by around 2027, demand is projected to exceed supply, leading to anticipated rental rate increases.

Announcement Regarding the Formation of a Value-Up Fund for Existing Logistics Facilities

Published Apr 1, 2026 12:30 AM ・ Updated Jun 13, 2026 11:58 PM ・ 5 min read ・ Source: PR TIMES

Kasumigaseki Capital, through its subsidiary Kasumigaseki Asset Management, has formed a value-up fund incorporating three existing logistics facilities. This initiative addresses F-gas regulations and the 2024 problem, anticipating the resolution of supply-demand gaps and future rent increases in the logistics real estate market.

Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; Representative Director and CEO: Koshiro Kawamoto; hereinafter, "the Company") hereby announces that its subsidiary, Kasumigaseki Asset Management Co., Ltd., has formed a value-up fund with three existing logistics facilities as its incorporated assets, as detailed below.

1. Purpose of Formation

To address challenges in the logistics industry, such as capital investment in cold storage warehouses for the 2030 F-gas regulations, increasing demand for cold storage warehouses due to rising consumption of frozen foods, and labor shortages and an aging workforce stemming from the 2024 problem, the Company has been developing cold storage warehouses and automated cold storage warehouses.

Meanwhile, in the logistics real estate market, recent increases in supply led to rising vacancy rates and rent adjustments. However, the supply-demand gap is currently narrowing, and the market is expected to shift to excess demand around 2027. Additionally, new supply is anticipated to be limited due to rising construction costs, leading to expectations of declining vacancy rates and rising rents in the future.

The properties incorporated into this fund are general-spec dry warehouses located in prime logistics areas, including the Tokyo metropolitan area. Through vacancy absorption and value-up measures over a holding period of approximately 3 to 5 years, the fund aims to enhance asset value.

2. Overview of the Fund

3. Counterparties and Transaction Prices

Details regarding counterparties and transaction prices will not be disclosed due to confidentiality agreements between the Company and its counterparties. There are no capital or personnel relationships between the Company and its counterparties that require disclosure, and there are no issues regarding their attributes.

4. Future Outlook

Sales related to the formation of this fund, including fund setup fees and asset management fees, have already been incorporated into the consolidated earnings forecast for the fiscal year ending August 2026.

List of Planned Logistics Facility Development Properties

List of Planned Logistics Facility Value-Up Properties

FACT BOX

Source: PR TIMES
Category: News

Announcement Regarding the Formation of a Value-Up Fund for Existing Logistics Facilities

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