CRE announced on August 31 that it had completed the acquisition of all shares of Osaka Warehouse, making it a wholly owned subsidiary.
After announcing the signing of a stock transfer agreement on January 30, the acquisition of shares (representing 79.39% of voting rights) was completed on June 1.
Osaka Warehouse was founded as Osaka's first warehouse operator specializing in hazardous materials, and now, in addition to its warehouse business, it operates a real estate business centered on master leases, mainly in the Kansai area.
By incorporating Osaka Warehouse's expertise in warehousing, particularly in temperature-controlled and hazardous materials storage, into CRE's development projects, we aim to enhance our logistics investment business.
The aim is to leverage our expertise in warehouse operations to build a system that not only provides logistics facilities but also acts as a solution partner for shippers and logistics operators, offering high-value-added facility environments.
■ Overview of the target company
Name: Osaka Warehouse
Head office address: 15th floor, Yodoyabashi Mitsui Building, 4-1-1 Imabashi, Chuo-ku, Osaka City
Business activities: Warehousing, leasing of warehouses, land, buildings, and other facilities, buying, selling, brokerage, and management of real estate, various agency services, consignment sales, and all businesses related to the above.
Capital: 2 yen
Date of establishment: April 1921, 12
Major shareholders and shareholding ratio: CRE 100%
NXHD/Osaka Warehouse transfers all shares to CRE
