Cushman & Wakefield (NYSE: CWK), a leading global real estate advisory firm, announced that Cushman & Wakefield Asset Management K.K. (CWAM) has completed the construction of LF Yatabe, a logistics facility in Tsukuba City, Ibaraki Prefecture. The completion ceremony, held on February 2, 2025, was attended by Katsuaki Kamata, Executive Officer of Konoike Construction Co., Ltd., Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, CWAM and related parties.
Accessibility
LF Yatabe is located approx. 2 km from Midorino Station on the Tsukuba Express, offering excellent commuting convenience. It is also approx. 6 km and 10 km from the Yatabe and Yawara interchanges respectively on the Joban Expressway, and approx. 7 km from the Tsukuba Chuo interchange on the Ken-O Expressway. The accessible transportation network facilitates convenient deliveries within Ibaraki Prefecture as well as to central Tokyo and the entire Kanto region. This accessibility is expected to be further improved in the near future, with establishment of the "Tsukuba West Smart Interchange” on Ken-O Expressway and the "Tsukuba Mirai Smart Interchange (tentative name)” on Joban Expressway. In addition, the "Ken-O Expressway Interpark Tsukuba Mirai" industrial park (development area: approx. 70 ha) is scheduled to be completed on an adjacent site, which is expected to further increase industrial concentration in the subject area.
Features of the Facility
LF Yatabe is a multi-tenant logistics facility with four stories above-ground, total floor area of approximately 80,000 sqmand is equipped with a slope on the 1st and 2nd floors. It has a pillar span of 11 m (frontage) x 10 m (depth), an effective height of 5.5 m under the warehouse beams, a floor loading capacity of 1.5 t/sqm, and equipped with 6 cargo elevators and 12 vertical conveyors. The warehouse space, which is divided into two combined floors can accommodate up to 6 tenants. The facility will flexibly meet the various needs of tenants by providing approximately 170 parking spaces for standard vehicles and 7 truck waiting spaces, as well as electrical capacity to accommodate the installation of air conditioning throughout the warehouse. In addition, the building has a cafeteria and stores to provide a comfortable space for workers and drivers in the facility.
East Exterior South East Exterior
Roadway Warehouse Space
Main Entrance Cafeteria
Sustainability Initiatives
The LF Yatabe project will be a sustainable facility, with the aim to achieve the CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A Rank, BELS (Building-Housing Energy-efficiency Labelling System) 6-Star and ZEB Ready (50% or less of the energy conservation standard) certifications. The facility is installed with solar power generation equipment on its roof and emergency generators in case of disasters as a BCP measure.
Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, CWAM said, “We are very pleased to announce the successful construction of LF Yatabe. The importance of Tsukuba City, where this facility is located has increased in recent years and there is tremendous growth potential driven by continued population influx into the city. CWAM is proud to be part of Tsukuba City's community through the development of LF Yatabe and we are committed to contribute to the further expansion of the local economy and promotion of its industrial base status.”
Property Overview
Facility Name: LF Yatabe
Location:Midori-no-Minami, Tsukuba City, Ibaraki Prefecture
Land Area:36,434 sqm
Use Zone: Industrial Zone
Gross Floor Area: 80,873 sqm
Structure:4 stories above ground, RCS Construction, Partly S Construction
Commencement: August 2023
Completion: January 2025
Certifications: CASBEE A Rank, BELS 6 -Star, ZEB Ready
Design and Construction: Konoike Construction Co., Ltd.
Construction Manager: Fukuda & Partners Inc.
C&W's logistics facility development
The "LF" series, which stands for Logistics Facility, is a brand of logistics facilities managed by Cushman & Wakefield. For more details, please visit this website.
|
Facility Name |
Location |
Land Area (approx. sqm) |
Gross Floor Area (approx. sqm) |
Completion |
|
LF Kobe Yasakadai |
Kobe City, Hyogo |
9,500 |
19,000 |
Jun 2022 |
|
Asu-machi, Ikoma-gun, Nara |
58,000 |
124,000 |
Mar 2023 |
|
|
Asu-machi, Ikoma-gun, Nara |
19,000 |
37,000 |
Jul 2023 |
|
|
Tsukuba City, Ibaraki |
30,000 |
71,000 |
July 2023 |
|
|
Kazo City, Saitama |
27,000 |
27,000 |
May 2024 |
|
|
Sakai Town, Ibaraki |
50,000 |
113,000 |
Jan 2025 |
|
|
Tsukuba City, Ibaraki |
36,000 |
80,000 |
Jan 2025 |
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
