LOGISTEED, Ltd. (the “Company”) is pleased to announce that the Company has decided to transfer 33 domestic logistics centers owned by the Group as assets to Industrial & Infrastructure Fund Investment Corporation (“IIF”) and a private fund formed for the purpose of acquiring these assets (“Private fund”), each of which entrusts its asset management to KJR Management, in an effort to shift to an asset-light business model promoted by many global logistics companies.

The Company has been promoting various growth strategies through a strong partnership with Kohlberg Kravis Roberts & Co. L. P. (“KKR”) toward the realization of our Mid-term Management Plan “LOGISTEED2024” and our medium-to-long-term vision “LOGISTEED2030,” and discussing a “shift to an asset-light business model,” a mainstream business model of global logistics companies, with an eye on “relisting as a global logistics company.”

In light of the current macroeconomic environment, we have determined to shift to an asset-light business model and improve capital efficiency by disposing of 33 key logistics centers owned by the Company and our domestic group companies in cooperation with KJR Management, a member of the KKR Group. The Group will continue to make growth investment in facilities, DX and human resources and further strengthen our initiatives to optimize the entire SCM as well as promote strategic M&As in Japan and overseas, with an aim to further grow our business and increase corporate value toward relisting as a global logistics company.

・Industrial & Infrastructure Fund Investment Corporation
「Notice Concerning Acquisition and Leasing of Real Estate Trust Beneficiary Rights」

「Notice Concerning Asset Acquisition (Equity Interest in a Silent Partnership)」