Mitsubishi Estate Logistics gets ¥1.33 billion green loans from Mizuho

By Mary-Katherine Stinson

Lexington, Ky., Sept. 12 – Mitsubishi Estate Logistics REIT Investment Corp. obtained a ¥1.33 billion green loan from Mizuho Bank, Ltd., as part of ¥1.78 billion of total borrowings, according to a notice.

The ¥1.33 billion green loan will bear interest at 0.9825% and matures Sept. 14, 2030.

The remainder of the financing comes from a ¥450 million loan from the Bank of Fukuoka, Ltd. which bears interest at 1.2075%. The maturity date is Sept. 14, 2032.

The borrowing date is Sept. 14.

The entire amount of the long-term borrowing from Mizuho Bank will be used to repay the existing ¥1.78 billion of borrowings bearing interest at 0.3913%. That financing was obtained on Sept. 14, 2017 to fund the acquisition of Logicross Fukuoka Hisayama, a 49% co-ownership interest in Logiport Sagamihara, a 45% co-ownership interest in Logiport Hashimoto, MJ Logipark Kazo 1, MJ Logipark Osaka 1 and MJ Logipark Fukuoka 1, specified assets which meet the company’s green finance eligibility criteria.

Mitsubishi Estate Logistics REIT Investment is a Japan-based closed-end real estate investment trust based in Tokyo.

© 2015 Prospect News.
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