ESR Cayman said Thursday it would build a multi-phase logistics park, ESR Kawanishi Distribution Centre, in Greater Osaka on a 505,647 sqm (152,958 tsubo) prime site in Japan’s Kawanishi City.
ESR Kawanishi DC logistics park is a two-phase development located in the eastern Hyogo Prefecture of Kawanishi City, sitting at the core of the Greater Osaka Inland logistics market.
Phase 1 will consist of two six-storey multi-tenant facilities with GFA of 99,051 sqm (29,963 tsubo) and 98,746 sqm (29,871 tsubo), respectively. The facilities, which are designed to attain CASBEE A rating and the highest standards of building specifications, will feature a host of sustainability and energy-saving elements to minimise environmental footprints.
Phase 1 is expected to break ground in July 2023 and scheduled for completion in December 2024, while the two buildings of Phase 2 will commence construction from 2025 onwards.
Stuart Gibson, Co-founder and Co-CEO of ESR, said: “Considering the scale, complexity and location of the development, ESR Kawanishi DC represents one of the largest and most significant urban rezoning projects in recent years, strategically repurposing a prime residential site for logistics and industrial use. This is an extensive master plan that will help fulfil the growing demand for large-scale, cutting-edge logistics space in Greater Osaka, while enabling the area to reinforce its leading position as a global logistics hub. This development also helps unleash the full potential value of the site and benefit the long-term development of the area by promoting job opportunities, taxable income and thereby economic growth.”
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