Notice Regarding Acquisition of Domestic Assets (Investment in the No. 5 Development Project: Priority Investment Securities of Maya Development SPC)

Acquisition Overview

LaSalle Logiport REIT has decided to acquire priority investment securities issued by Maya Development SPC, which was established for the development of the Kobe Maya project. The first acquisition installment will occur on March 27, 2026, followed by phased acquisitions from 2027 through 2029. The total scheduled acquisition price is 988 million yen, representing approximately 18% of all priority investment securities issued by the company. The funds for acquisition will be sourced from on-hand cash with no intermediaries involved.

Investment Rationale and Future Outlook

This acquisition is part of the value-add strategy aiming to secure excess earnings through investment in a refrigerated and frozen warehouse development project. The Kobe Maya project plans to operate the existing active dry warehouse while demolishing unused buildings to construct a new refrigerated and frozen warehouse, with completion scheduled for the first half of 2029. The site’s location near the Hanshin Expressway 'Maya' IC offers superior logistics and employment advantages, and the increasing demand for refrigerated and frozen warehouses positions this as a high-value-added facility. To mitigate development risks, additional investments will be made with progress conditions. Impact on operational status and dividend forecasts for the fiscal period ending August 2026 is expected to be minimal.