Fukuoka REIT Corporation

Fukuoka REIT Corporation

Last Update / Nov 25,2020

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    Portfolio Overview

    Print
    As of August 31, 2020
    Property Use Construction
    timing
    Investment
    ratio
    (%)
    Acquisition
    price
    (mm yen)
    (*1)
    Latest
    appraisal
    value
    (mm yen)
    Direct capitalization method DCF method Total
    leasable
    floor
    space (㎡)
    Appraisal
    cap
    (%)
    Discount rate
    (%)
    Terminal cap rate
    (%)
    Canal City Hakata Retail 4.15,1996 15.8 32,000 31,500 4.5 4.4 4.7 46,604.75
    Canal City Hakata ・B Retail 4.15,1996 14.2 28,700 29,700 4.7 4.6 4.9 68,825.90
    Park Place Oita(*2) Retail 3.26,2002 9.7 19,610 21,300 5.4 5.2 5.6 121,212.26
    SunLiveCity Kokura Retail 3.17,2005 3.3 6,633 8,440 5.8 5.2 5.7 61,450.22
    Konoha Mall Hashimoto Retail 3.15,2011 5.0 10,000 10,400 5.1 4.9 5.3 22,121.05
    Square Mall Kagoshima
    Usuki
    Retail 9.19,2006 2.6 5,300 4,940 5.7 5.4 5.9 14,602.88
    Kumamoto
    Intercommunity SC
    Retail 11.15,2006 1.2 2,400 2,750 5.6 5.4 5.9 6,968.66
    Hanahata SC Retail 7.10,2007 0.6 1,130 1,250 5.4 1-7y 5.3
    after8y 5.5
    5.6 2,801.15
    Kurume Higashi
    Kushiwara SC
    Retail 12.3,2007 1.2 2,500 2,790 5.5 1-7y 5.3
    after8y 5.5
    5.7 6,467.80
    K's Denki Kagoshima Retail 11.17,2007 1.8 3,550 3,710 5.4 1-2y 5.0
    after3y 5.2
    5.6 7,296.17
    Marinoa City Fukuoka (Marina Side Building) Retail 10.19,2000 2.6 5,250 6,080 4.8 1-5y 4.6
    after6y 4.7
    5.0 33,069.82
    Retail Property Total - 58.0 117,073 122,860 - - - 391,420.66
    Canal City Business
    Center Building
    Office 4.15,1996 7.2 14,600 16,600 4.4 4.2 4.6 23,029.92
    Gofukumachi Business
    Center
    Office 10.16,2003 5.5 11,200 14,900 4.3 4.2 4.5 19,905.34
    Sanix Hakata Building Office 3.31,2001 2.2 4,400 6,410 4.1 3.9 4.3 6,293.75
    Taihaku Street
    Business Center
    Office 3.7,2002 3.5 7,000 9,090 4.4 4.2 4.6 14,677.30
    Higashi Hie Business
    Center
    Office 2.6,2009 2.9 5,900 8,030 4.5 4.3 4.7 13,614.59
    Tenjin Nishi-Dori Center
    Building
    Office 9.26,1996 1.3 2,600 3,100 3.9 3.7 4.1 3,339.32
    Tenjin North Front
    Building
    Office 1.9,2010 1.4 2,800 4,380 4.1 3.9 4.3 5,252.41
    Higashi Hie Business Center Ⅱ Office 2.29,2016 2.1 4,230 4,600 4.5 4.3 4.7 6,214.77
    Higashi Hie Business Center Ⅲ Office 3.23,2020 1.6 3,290 3,300 4.3 4.1 4.5 2,981.14
    Office Building Total - - 27.7 56,020 70,410 - - - 95,308.54
    Amex Akasakamon
    Tower
    Others
    (Residence)
    7.26,2005 1.0 2,060 1,840 4.5 4.3 4.7 4,821.25
    City House Keyaki Dori Others
    (Residence)
    11.17,2007 0.6 1,111 1,140 4.5 4.3 4.7 2,710.86
    Aqualia Chihaya Others
    (Residence)
    12.5,2007 0.6 1,280 1,860 4.8 4.6 5.0 5,619.69
    D-Wing Tower Others
    (Residence)
    2.20,2006 1.4 2,800 3,500 4.6 4.4 4.8 7,187.59
    Granfore Yakuin Minami Others
    (Residence)
    12.10,2007 0.5 1,100 1,320 4.4 4.2 4.6 2,496.06
    Hotel FORZA Oita Others
    (Hotel)
    8.22,2008 0.8 1,530 1,890 5.1 4.9 5.3 5,785.44
    Tissage Hotel Naha Others
    (Hotel)
    2.26.2018 1.4 2,835 2,880 4.9 1-8y 4.7
    after9y 4.8
    5.1 3,758.76
    Tosu Logistics Center Others
    (Logistics)
    5.22,2008 0.6 1,250 1,300 5.2 4.9 5.4 4,173.29
    LOGICITY Minato Kashii Others
    (Logistics)
    4.8,2014 4.0 8,150 8,910 4.4 1-4y 4.2
    after5y 4.3
    4.6 43,233.72
    LOGICITY Hisayama Others
    (Logistics)
    1.14,2015 2.5 5,050 5,270 4.6 1-4y 4.4
    after5y 4.5
    4.8 24,505.65
    LOGICITY Wakamiya Others
    (Logistics)
    2.15,2005 0.8 1,700 2,360 5.7 5.5 5.9 (*3)
    Others Total - - 14.3 28,866 32,270 - - - 104,292.31
    Total - - 100.0 201,959 255,540 - - - 591,021.51
    (*) The Floor expansion timing is not listed.
    (*1) Acquisition costs do not include fees, public charges and expenses.
    (*2) Adjacent land (parking), acquired in 22nd, Sports Club NAS Park Place Oita, acquired in 25th, and parking, acquired in 28th and Home Plaza NAFCO at Park Place Oita, acquired in 32nd are included.
    (*3) As LOGICITY Wakamiya was under renovation work as of August 31, 2020, the figure is not included in the total leasable area.
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