Asia-Pacific focused logistics real estate platform ESR Cayman Limited (ESR) announced that it will invest an estimated JPY27 billion (approximately US$245 million) to develop ESR Yatomi Kisosaki Distribution Centre (ESR Yatomi Kisosaki DC), which is set to be the largest modern logistics facility in Greater Nagoya, Japan.
Located on a prime land parcel of 79,095 sqm (23,926 tsubo), ESR Yatomi Kisosaki DC will be developed into a four-storey, double-ramped, multi-tenant modern logistics facility with a total gross floor area of 153,092 sqm (46,310 tsubo).
Just a 35-minute drive away from Nagoya CBD, ESR Yatomi Kisosaki DC, the logistics facility in Greater Nagoya, is located along Mie and Aichi Prefectural Road in Kisosaki. It will commence construction in December 2020 with completion scheduled for end of April 2022.
In January 2020, ESR announced a new lease agreement for 72,392 sqm with Amazon at its human-centric development project in Kuki City, Saitama (Tokyo Metropolitan area), Japan.
”Greater Nagoya is a very important market with strategic value considering the region produces 27% of Japan’s manufacturing output.”
“ESR Yatomi Kisosaki DC is set to become a landmark project in Greater Nagoya, reflecting ESR’s commitment to providing best-in-class properties in support of businesses to grow and optimise their operations. Greater Nagoya is a very important market with strategic value considering the region produces 27% of Japan’s manufacturing output. The development of ESR Yatomi Kisosaki DC will further consolidate our strong position in Greater Nagoya, complementing our network of four other state-of-the-art facilities in the area, including ESR Redwood Yatomi Distribution Centre which is located within 3 km to the northeast,” said Stuart Gibson, co-founder and co-CEO.
Greater Nagoya, the third most populated metropolitan area in Japan with a 11 million population, contributes to approximately 10% of the country’s GDP. The region boasts one of the highest concentration of manufacturing plants in Japan and accounts for 8.2% of global automobile production. The consumers of Greater Nagoya are, in particular, noted for their strong spending power.
