ESR Completes First Phase of Japan’s Largest Multi-Phase Logistics Park
ESR or the “Company”, together with its subsidiaries the “Group”, has completed the construction of ESR Yokohama Sachiura Distribution Centre 1 (“ESR Yokohama Sachiura DC 1” or “DC 1”) in Greater Tokyo, which forms the first phase of the master-planned ESR Yokohama Sachiura Logistics Park. ESR Yokohama Sachiura Logistics Park, a multi-phase development that provides approximately 720,000 sqm logistics space over four phases, is set to be the largest logistics park (by value) in Japan and one of the largest ever developed (by value) in APAC upon completion. Its second phase, ESR Yokohama Sachiura Distribution Centre 2, commenced construction in June 2021 and is scheduled for completion in January 2023. ESR Yokohama Sachiura DC 1, a four-storey, double-ramp distribution centre with a GFA of 195,342 sqm (59,091 tsubo), is primely situated in Yokohama City of the Greater Tokyo Area. Epitomising the highest standard of building specifications as well as human-centric, sustainable design, the facility is built to serve the robust Greater Tokyo market. Tenant demand in the Yokohama market remains strong with DC 1 experiencing strong take up to above 50% in a very short period of time to major international and domestic customers. At ESR Yokohama Sachiura DC 1&2, the Group brought a 7,000 sqm neglected urban forest back to life to protect the natural habitat for a diverse mix of flora and fauna, while an old gantry crane will be retained as the centrepiece and an architectural icon of the facility and the community. Moreover, playground equipment was installed to further enhance the green and harmonious environment of the forest which will be opened to the local community in the future. ESR Yokohama Sachiura Logistics Park is one of the seed assets of the Group’s JPY150 billion ESR Japan Logistics Fund III (“RJLF3”), a development joint venture with Dutch pension fund APG and a global institutional investor to focus on the development of large-scale, state-of-the-art logistics facilities in the major metropolitan areas of Japan. RJLF3 received the highest possible 5 Green Stars rating with a score of 91 points in the 2021 Global Real Estate Sustainability Benchmark (“GRESB”) Assessment, in recognition of its outstanding sustainability performance
Tags : ESR First Phase Japan’s Largest Multi-Phase Logistics Park ESR Yokohama Sachiura DC 1&2 Global Real Estate Sustainability Benchmark (“GRESB”) Assessment