Torius is a large-scale suburban retail mall located in the satellite town of Hisayamamachi of Kasuya-gun, which is approximately 13 km from central Fukuoka City in Fukuoka Prefecture, on Japan’s Kyushu Island. Comprising 36 buildings, Torius occupies a land area of 257,173 sq m and has a NLA of 76,871 sq m.
Located in proximity to major roads, as well as train stations along the JR Kashii Line and JR Sasaguri Line, Torius offers good accessibility to a growing captive population within a 30 minutes’ drive radius. It is also one of the largest retail facilities in Fukuoka City, with few retail facilities nearby.
In addition, Torius offers a diverse and unique mix of 142 tenants. Some of Torius’ tenants include Costco (wholesale supermarket), Nafco (interior and furniture, DIY), United Cinema (cinema), Rakuichi Rakuza (amusement centre) and Daiso (100 yen shop). Other notable facilities at Torius include a petting zoo, as well as an outdoor barbecue park.
|Net Lettable Area||76,863.7 sq m|
|Valuation As at 30 June 2017||JPY8,830 million|
|FY2017 Actual Net Property Income (NPI) From 1 July 2016 to 30 June 2017||JPY631.3 million|
|Annualised Annual NPI Yield (Based on annualising the Actual NPI divided by the purchase price)||7.9%|
|Occupancy Rate As at 30 June 2017||92.6%|
|Weighted Average Lease Expiry As at 30 June 2017||6.1 years|
|Key Tenants||Costco, Nafco, United Cinema, Rakuichi Rakuza, Daiso, G.U., GAP Outlet, Sweet Villa Garden, Book Off/Hard Off|