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Warburg Pincus Acquires Two High-Quality Logistics Assets in Greater Tokyo Aug 5, 2025
Acquisition strengthens Warburg Pincus’ Japan real estate portfolio with modern, fully leased assets positioned for long-term growth
Tokyo, August 6, 2025 – Warburg Pincus, the pioneer of private equity global growth investing, today announced that, through the Warburg Pincus Asia Real Estate Fund (“WPARE”), it has committed to acquiring two prime logistics properties – I Missions Park Inzai (“IMP Inzai”) and Logitres Sano, from Mitsui Fudosan Logistics REIT through a bridge financing structure. The total transaction value is approximately US$240 million.
Located in key logistics hubs within Greater Tokyo, the two properties are modern, fully leased facilities with strategic connectivity and high specifications tailored to e-commerce and third-party logistics operations.
IMP Inzai is a five-story, purpose-built logistics facility completed in 2018, with a total gross floor area (GFA) of 110,516 square meters. It is fully leased to a major e-commerce tenant and has been awarded a DBJ Green Building 4 Star rating. Strategically located within 40 km of central Tokyo, the property offers excellent logistics connectivity via National Route 16 and the Chiba Kita interchange on the Higashi Kanto Expressway. It also serves as a key transfer hub for air cargo to and from Narita Airport.
Logitres Sano, located in Tochigi Prefecture, is a two-story logistics facility completed in 2023, with a total GFA of 7,144 square meters. The property benefits from proximity to major national roads and expressways, enabling efficient distribution across the broader Northern Kanto region.
Takashi Murata, Managing Director, Co-Head of Asia Real Estate and Head of Japan at Warburg Pincus, said, “E-commerce expansion and rapid urbanization continue to drive strong demand for modern logistics facilities in Japan. Coupled with a structural imbalance in certain submarkets where demand significantly exceeds supply, we have strong conviction in the sector’s long-term potential. These acquisitions align with our strategy to deepen our exposure to high-quality logistics assets in core Japanese markets, where tenant demand remains robust. IMP Inzai and Logitres Sano offer a compelling combination of income stability and value creation opportunities, supported by strong tenancy, full occupancy, and strategic connectivity.
This investment also reinforces our broader plan to scale investment activities in Japan. Recent investments include the acquisition of Tokyo Beta, the largest share house portfolio in Japan with over 16,000 rooms, and the acquisition of Shinagawa Seaside West Tower by our joint venture with Eastgate Group, which focuses on life sciences and R&D real estate.”
Warburg Pincus is one of the largest and most active investors in Asia’s logistics sector, with 10 portfolio companies and ventures1 including ESR, QUBE Industrial, BW Industrial, Wide Creek, and Hale. The firm is also advancing its plan to open an office and build an on-the-ground team in Japan to support its expanding real estate and private equity investment activities in the market.
[1] Represents current and former portfolio companies with exposure to the sector.
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About Warburg Pincus
Warburg Pincus LLC is the pioneer of private equity global growth investing. A private partnership since 1966, the firm has the flexibility and experience to focus on helping investors and management teams achieve enduring success across market cycles. Today, the firm has more than US$86 billion in assets under management, and more than 220 companies in their active portfolio, diversified across stages, sectors, and geographies. Warburg Pincus has invested in more than 1,000 companies across its private equity, real estate, and capital solutions strategies.
Warburg Pincus began investing in Asia real estate in 2005. Today, it has become one of the largest and most active investors in the region, with nearly US$10 billion invested in around 60 real estate platforms and ventures. The firm is a pioneer of platform investing and has co-founded or sponsored leading platforms alongside best-in-class entrepreneurs.
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Warburg Pincus
Lisa Liang
Senior Vice President, Asia Head of Marketing and Communications, Warburg Pincus