Fraxtor co-invests in Greater Osaka’s UIB Konan Phase 3 in first JV with listed REIT
The oversubscription and Greater Osaka’s 2.2% logistics vacancy rate signal strong investor and occupier demand, potentially supporting further modern logistics development in Japan.
Fraxtor closed oversubscribed fundraising for UIB Konan Phase 3, its first listed-REIT joint venture, comprising two Greater Osaka logistics facilities totalling 48,139 sq m.
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Fraxtor said on Aug 26 that it has closed fundraising for its co-investment in UIB Konan Phase 3, a logistics development in Greater Osaka, Japan. The transaction marks Fraxtor’s first joint venture with a listed REIT and its continued expansion into Japan’s logistics sector.
The offering, which was open to accredited and institutional investors, comprised Singapore-dollar and Japanese-yen tranches. Both were oversubscribed, according to the Singapore-based fractional real estate investment platform.
Fraxtor will co-invest alongside SGX Mainboard-listed UI Boustead REIT (UIB REIT) through a joint venture vehicle. UIB Konan Phase 3 is the third and final phase of UIB Konan Logistics Park in Konan City, Shiga Prefecture.
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Entities within UIB Holdings, the sponsor of UIB REIT, will act as the project's development manager and asset manager.
The development is the third and final phase of UIB Konan Logistics Park, and comprises two logistics facilities with a combined gross floor area of about 48,139 sq m (518,168 sq ft) on a 53,349 sq m (574,302 sq ft) site. Located within the Greater Osaka logistics corridor, the site is within 2km of the Ritto Konan Interchange and has direct access to National Route 1.
Greater Osaka’s logistics vacancy rate stood at 2.2% in 1Q2026, the lowest among Japan’s four major metropolitan markets, according to Fraxtor.
“Japan’s logistics sector continues to be underpinned by strong structural tailwinds, from persistent undersupply of modern facilities to resilient occupier demand in key metropolitan corridors,” says Oliver Siah, co-founder of Fraxtor.