We are pleased to announce the conclusion of two new five year leases over a total of 32,300㎡ with two leading Japanese logistics companies. Combined with the existing leases the occupancy of "J-REP LOGISTATION Kobe" is now 100%.

Completed on 20 Feb., 2008, "J-REP LOGISTATION Kobe" is a state-of-the-art facility with a total floor space of approximately 75,600㎡, over four above-ground floors. The facility was developed by the J-REP Group to meet the highest environmental standards and has received a CASBEE (Comprehensive Assessment System for Building Environmental Efficiency) "A" rank for environmental efficiency and pollution control.

The facility is owned by a private fund operated and managed by our subsidiary, J-REP Funds Management Co., Ltd. The leasing of the property was concluded using our in-house logistics leasing experts. The leasing of the remaining space in this facility to two high quality tenants is a strong indication of the recent improvement we are observing in logistics market fundamentals.

Property	Name	: J-REP LOGISTATION Kobe
	Location	: Fukaehama-machi Higashinada-ku,Kobe-city,Hyogo Prefecture
	Structure	: Steel frame, steel-reinforced concrete structure, partial steel frame/four-story building.
	GFA	: 75,603.07㎡(22,869.92 tsubo)

For enquiries please contact:
J-REP Co., Limited
Leasing Division / Mayumi Harima
TEL : 03-5288-7532
FAX : 03-5288-9500

http://www.jrep.co.jp/
J-REP, founded in 1980, is a specialist property company offering logistics brokerage, research and consulting, development management, construction management, asset management and property management services in the logistics property sector.