Growth Strategies

IAL will take advantage of the preferential negotiation rights it enjoys under separate sponsor support agreements with ITOCHU Corporation and ITOCHU Property Development, Ltd., to access the ITOCHU Group’s customer network and its expertise in land purchase, development, and leasing in the field of logistics real estate. In this way, we aim to secure opportunities for property acquisition and further diversify and solidify our portfolio.

Timeline of ITOCHU Group Logistics Real Estate Development and Acquisition

Timeline of ITOCHU Group logistics real estate development and acquisition


Stable Sourcing System

Stable sourcing system

External Growth with Sponsor Support

To achieve its external growth targets, IAL will benefit from support in the areas indicated below based on its sponsor support agreements with the ITOCHU Group, which has strengths in land purchase and facility development.

External growth with sponsor support

Pipeline Support from ITOCHU Corporation and ITOCHU Property Development

As it works to expand its asset scale, IAL has the benefit of pipeline support (preferential negotiation rights) from ITOCHU Corporation and ITOCHU Property Development and extensive external growth support through the ITOCHU Group network.

Completion date (planned) Property under ownership/ development Location Total floor area
(planned) (㎡)
Preferential negotiation rights
May 2018 i Missions Park Tokyo-Adachi Adachi Ward, Tokyo 27,872 Preferential negotiation rights
August 2018 i Missions Park Kashiwa 2
(30% quasi-co-ownership interest)
Kashiwa City, Chiba Prefecture 35,230
(Note 1)
Preferential negotiation rights
March 2019 i Missions Park Inzai 2 Inzai City, Chiba Prefecture 26,938 Preferential negotiation rights
August 2019 i Missions Park Ichikawa-Shiohama Ichikawa City, Chiba Prefecture 57,724 Preferential negotiation rights
September 2019 i Missions Park Miyoshi Miyoshi Town, Iruma County, Saitama Prefecture 10,300 Preferential negotiation rights
  • The total floor areas are rounded down to the nearest unit. For i Missions Park Kashiwa 2, the total floor area corresponds to the quasi-co-ownership interest not held by IAL (i.e., 30%) .
  • As of April 1, 2020, IAL has undertaken no specific negotiations with the ITOCHU Group regarding the above assets and has no current plans to acquire them or no guarantee of being able to acquire them in the future.


(1) Strengths in land purchase and development of ITOCHU Property Development

ITOCHU Property Development engages in land purchase and development in the field of logistics real estate, drawing on its sourcing routes as a comprehensive developer and the strengths acquired in its extensive track record of development in a wide range of property types.

(2) Access to available development sites through customer networks

ITOCHU Corporation has built a good relationship with Nippon Steel & Sumikin Engineering Co., Ltd. (NSENGI) by placing with it orders for the construction of logistics facilities. On the strength of this relationship, ITOCHU Corporation has been able to acquire unused land assets belonging to NSENGI and its parent company, Nippon Steel & Sumitomo Metal Corporation (NSSMC), for development as logistics facilities.

(3) Response to Group company development needs

Having successfully developed two dedicated logistics centers for its Group company Nippon Access, Inc., the ITOCHU Group has worked together with Nippon Access, which is the centers' tenant, and Fujita Corporation, which is the joint developer and also responsible for design and construction, to plan and manage the official certification process and related procedures in compliance with the Act on Advancement of Integration and Streamlining of Distribution Business.