After KKR acquired LOGISTEED for approximately ¥670 billion in 2023, the company sold 33 logistics facilities it owned for a total of ¥220 billion. The article reports the background to the transaction and the redesign of the company's real estate strategy as facts.
In spring 2023, Japan's major logistics company LOGISTEED was acquired by U.S. investment firm KKR for approximately ¥670 billion and became independent from Hitachi, Ltd. KKR currently holds approximately 90% of the shares, while Hitachi, Ltd. holds approximately 10%.
This was positioned not simply as an acquisition of a logistics company, but as an investment transaction involving the redesign of its real estate strategy at the same time as the acquisition. Specifically, LOGISTEED has been confirmed to be selling 33 logistics facilities for a total of ¥220 billion.
The sale is believed to form part of a corporate reform and capital-circulation strategy combining sale-and-leaseback transactions with real estate investment. The article explains these mechanisms as a case study.