Nippon Prologis REIT, Inc. (JP:3283) has released an update.
Nippon Prologis REIT, Inc. has announced new debt financing totaling 29,000 million yen and completed interest rate swap agreements to stabilize the interest on its long-term borrowings. The funds will be used for acquiring Prologis Park Yachiyo 1, marking a strategic investment in their real estate portfolio. This move is aimed at mitigating interest rate risks and enhancing asset acquisition capabilities.
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