United Urban Investment Corporation (TSE:8960) agreed to acquire Shin-Narashino Logistics Center II for ¥2.6 billion on January 27, 2017. Under the terms, consideration will be a lump sum payment and it will be funded through unsecured loan of ¥2.7 billion from The Norinchukin Bank. The agreement is expected to be signed and the transaction is expected to be completed by January 31, 2017. Japan Real Estate Institute served as the appraisal agency for the property.