This is an announcement of the start of the operations of SGAM Investment Corporation ("SGREIT"), an unlisted open-end real estate investment trust ("Private REIT") established on April 30, 2014 by SG Asset Max Corporation ("SGAM"), a joint company of SG Realty Co., Ltd. ("SGR") and Xymax Corporation ("Xymax").
SG Holdings Group ("SGH Group"), in addition to the delivery business and logistics business, has a real estate business which is also positioned as one of the core business segments of the group. The real estate business arm of SGH Group is SGR, one of the sponsors for SGAM.
To support the group's delivery and logistics businesses, SGR became the owner of logistics properties and provided real estate management and building maintenance services for the properties. At the same time, the company also implemented the best use of existing properties and developed new properties.
This Private REIT was set up based on SGR's accumulated know-how in logistics properties and SGH Group and Xymax Group's accumulated and combined abilities in the corporate real estate management sector and real estate investment sector. SGREIT started with ten logistics properties acquired at a total cost of approx. JPY 30 billion.
SGREIT is Japan's first Private REIT with a general logistics group as a main sponsor. SGREIT aims to respond to investors' expectations and to contribute to the society by investing mainly in logistics properties that are the infrastructure connecting people's life, industry and society. Below is the principle strategy.
Location | 1-8-10, Shinsuna, Koto-ku, Tokyo |
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Establishment | April 30, 2014 |
Registration | June 2, 2014 (registration number: No. 91 by Kanto Finance Bureau Chief) |
Representative | Hideki Nagao, Executive Officer |
Investors | Institutional investors in Japan |
Location | 68 Kami Toba Tsunodacho, Minami-ku, Kyoto City, Kyoto |
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Representative | Shinji Nomura, Representative Director and President |
Establishment | August 2007 |
Capital | JPY 20,000,000,000 |
Employees | 92 (as of March 2014) |
Achievements | 900 logistics properties across Japan used by SGH Group companies and non-group tenants (as of March 2015) |
Business |
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Website | http://www.sg-realty.co.jp/ |
Location | Xymax Akasaka 111 Building, 1-1-1 Akasaka, Minato-ku, Tokyo |
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Representative | Masafumi Shimada, Representative Director, Chairman and CEO |
Establishment | Founded in March 1990 as Recruit Building Management Corporation. Became independent by management buyout in January 2000. |
Capital | JPY 2,612,865,000 |
Employees | 3,522 (group consolidated, as of April 2014) |
Achievements |
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Group Business |
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Website | http://www.xymax.co.jp/ |
Location | 1-8-10, Shinsuna, Koto-ku, Tokyo |
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Representative | Hideki Nagao, Representative Director & President |
Establishment | April 24, 2013 |
Capital | JPY 200,000,000 |
Shareholders | 60% by SG Realty Co., Ltd., 40% by Xymax Corporation |
Directors & Employees | 14 (as of February 2015) |
Licenses |
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Website | http://www.sg-assetmax.co.jp/ |