Oaza Yamada Hisayama-machi, Kasuya-gun, Fukuoka Prefecture

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.

Property Information
Net Lettable Area 76,870 sq m
Valuation As at 30 June 2016 JPY8,690 million
FY2016 Actual Net Property Income (NPI) From 16 October 2015 to 30 June 2016 JPY441.4 million1
Annualised NPI Yield (Based on annualising the Actual NPI divided by the purchase price) 7.8%
Occupancy Rate As at 30 June 2016 95.1%
Weighted Average Lease Expiry As at 30 June 2016 6.2 years
Key Tenants Costco, Nafco, United Cinema, Rakuichi Rakuza, Daiso, G.U., GAP Outlet, Sweet Villa Garden, Book Off / Hard Off

1 The acquisition of Torius was completed on 16 October 2015.