UI Boustead REIT will hold a 24.26% effective interest in the development, together with a Tokyo Stock Exchange-listed corporation, Fraxtor UIB Konan Pte Ltd 3 (Fraxtor) and the Sponsor.
UI Boustead REIT (SGX:UIBU
) announced that it has entered into various agreements to co-invest in the development of UIB Konan Phase 3, which comprises of two logistics facilities in Konan City, Shiga Prefecture, Japan.
Upon completion of the development, it will be managed by UI Japan, a wholly-owned subsidiary of UIB Holdings Limited, which is also the REIT’s sponsor.
