David Fassbender, head of Asia Pacific for real estate and senior portfolio manager of Asia Pacific value-add strategies, PGIM, said: “Our continued investment momentum across the region reflects PGIM’s strong conviction in APAC logistics, particularly in developed markets such as Japan, where supply-demand fundamentals remain supportive. The new acquisition is a prime example of the type of modern logistics asset we believe is well positioned to deliver attractive income and long-term value for our investors.”

Completed in 2023, Tsurugashima II Logistics Center is a four-story facility situated on more than 35,000 square meters of freehold land, with a gross floor area of around 62,700 square meters. It offers modern, institutional-grade specifications, including slope-up access, strong vertical conveyance, ample parking, and flexible subdivision for up to four tenants. Currently, the property is fully leased to three tenants as regional and national distribution hubs.

Located in Saitama Prefecture, the property sits within Greater Tokyo’s established Kan-Etsu/ Ken-O logistics corridor, with direct access to major expressways, including the Kan-Etsu and Ken-O expressways, enabling efficient regional and last-mile distribution across Saitama and the Greater Tokyo region.

PGIM’s Real Estate Investment Group is the world’s second-largest real estate investment manager with US$219 billion in gross assets under management and administration.¹

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PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), with US$1.5 trillion in assets under management.² PGIM offers clients deep expertise across public and private asset classes, delivering a diverse range of investment strategies and tailored solutions — including fixed income, equities, real estate, and other retail investment vehicles. With 1,500+ investment professionals across 40 offices in 20 countries, we serve retail and institutional clients worldwide. For more information visit pgim.com.

Prudential Financial, Inc. (PFI) of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom, or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom. For more information please visit news.prudential.com.

¹ As of June 30, 2026, AUM reflected as gross. Includes real estate AUA of US$50.7 billion. PGIM Real Estate is the second-largest real estate investment manager (out of 63 firms surveyed) in terms of global real estate assets under management based on Pensions & Investments’ “Largest Real Estate Investment Managers” list published November 2025. This ranking represents AUM as of June 30, 2025. Participation in the ranking is voluntary and no compensation is required to participate in the ranking.

² As of June 30, 2026. Assets are rounded to the nearest full number.

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