Daiwa House Logistics Trust Announces Completion of Land Use Conversion at DPL Shinfuji

Key Highlights

• Completion of Land Readjustment Project: The land readjustment project affecting the registered land use of DPL Shinfuji, as previously disclosed in the IPO prospectus, has been successfully completed.
• Final Order Issued: The Urban Development Division of Fuji City has issued the final order on 23 January 2026, officially converting the affected land parcels from “agricultural land” to “building lots”.
• Administrative Updates Pending: The Manager will now proceed with the necessary administrative updates, which are expected to be finalized by the end of March 2026.

Details of the Conversion

Daiwa House Asset Management Asia Pte. Ltd., acting as the manager of Daiwa House Logistics Trust (DHLT), has announced a significant milestone for the DPL Shinfuji asset. The registered land use for certain parcels at DPL Shinfuji, previously classified as “agricultural land,” has now been officially converted to “building lots” following the completion of a land readjustment project.

The final order, issued by the Urban Development Division of Fuji City on 23 January 2026, marks the completion of a key regulatory process that was outlined as a milestone in DHLT’s IPO prospectus. The conversion was completed within the timeline previously communicated to investors.

Potential Impact for Shareholders

• Unlocking Asset Value: The conversion of land use from agricultural to building lots can significantly enhance the value and development potential of DPL Shinfuji. This aligns with DHLT’s stated growth strategy and could translate into higher asset valuations, improved rental yields, and future income generation opportunities.
• Regulatory Risks Removed: With the issuance of the final order, a key regulatory hurdle has been cleared. This reduces uncertainty regarding the asset and could improve investor confidence.
• Timeline and Next Steps: The Manager is expected to complete all necessary administrative updates by end-March 2026. Investors should monitor for further updates regarding the completion of these processes, which may pave the way for future asset enhancements or expansions.

Share Price Sensitivity

This announcement is potentially price-sensitive as it directly affects the underlying value and future income potential of one of DHLT’s assets. The successful conversion of land use rights can positively impact DHLT’s portfolio valuation and long-term growth prospects. Investors should consider this development when assessing DHLT’s fundamental outlook.

Official Statement

Jun Yamamura, Director and Chief Executive Officer of Daiwa House Asset Management Asia Pte. Ltd., signed the official notification, affirming that the process has been completed within the anticipated timeline, and administrative updates are pending.

Disclaimer: This article is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities of Daiwa House Logistics Trust or any other investment product. The value of investments may rise or fall, and past performance is not indicative of future results. Please consult your financial adviser before making any investment decisions.

View Daiwa Hse Log Tr Historical chart here