TOKYO, January 16, 2023 –Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced today that Cushman & Wakefield Asset Management K.K., has acquired, through the Kazo Facility Special Purpose Company, a development site for a logistics facility in Kazo City, Saitama Prefecture, Japan. The logistics facility, which will consist of approx. 27,000 square meters is scheduled for completion in May 2024.
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Accessibility
Located approximately 5.1 km from the Hanyu Interchange and 5.8 km from the Kazo Interchange on the Tohoku Expressway, the development site is well-connected to the entire Tokyo metropolitan area, making it a convenient transportation base for wide-area distribution. It is also within close proximity to the Kazo Otone Industrial Park.
Features of the Facility
LF Kazo will be constructed as a two-storey logistics facility. It will have a pillar span of 11 m (frontage) x 10.5 m (depth), an effective height of 5.5 m under the warehouse beams, floor loading capacity of 1.5 t/sqm and will be equipped with four cargo elevators and vertical conveyors. The tenant block can be leased both as a single-tenant building or divided into two tenant spaces. There are plans to provide about 100 parking spaces and over 10 waiting spaces for large vehicles. The facility will accommodate air conditioning needs throughout the warehouse and enable 24-hour operations.
Focus on Sustainability
The facility aims to achieve CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A-Rank certification for embodiment of sustainability. It will also provide power receiving and transformer installations to support business continuity needs.
Yoshiyuki Tanaka, Senior Executive Director, Cushman & Wakefield Asset Management K.K. said,
“We are pleased to have this opportunity to develop our second logistics facility in Saitama Prefecture following our LF Kuki Project. Kazo City has a good agglomeration of logistics bases and our planned two-storey facility will enhance the area’s capacity to meet the prefecture’s diverse and growing logistics needs. We will continue to contribute to regional revitalization and industrial development by supplying highly functional properties."
Cushman & Wakefield’s Logistics Facilities
The "LF" series, which stands for Logistics Facility, is the branded logistics facilities managed by Cushman & Wakefield in Japan.
C&W's planned development facilities are as follows
|
Facility Name (tentative) |
Location |
Land Area |
Gross Floor Area (sqm - planned) |
Commencement (planned) |
Completion (planned) |
|
LF Nara |
Ikoma-gun, Nara |
58,000 |
124,000 |
Dec 2021 |
Mar 2023 |
|
LF Nara ANNEX |
Ikoma-gun, Nara |
19,000 |
37,000 |
May 2022 |
Jul 2023 |
|
LF Tsukuba |
Tukuba City,Ibaraki |
30,000 |
71,000 |
Apr 2022 |
Jul 2023 |
|
LF Kazo |
Kazo City, Saitama |
27,000 |
27,000 |
Apr 2023 |
May 2024 |
|
LF Sakai-Koga |
Sakai City, Ibaraki |
50,000 |
112,000 |
Jul 2023 |
Jan 2025 |
|
LF Yatabe |
Tukuba City,Ibaraki |
36,000 |
80,000 |
Aug 2023 |
Jan 2025 |
Property Overview
Facility Name : LF Kazo (tentative)
Location : Kamihitagawa, Kazo City, Saitama Prefecture
Land Area: Approx. 27,000 sq m
Zoning: Urbanization control area (Urban Planning Law Article 34, Section 12)
Gross Floor Area : Approx. 27,000 sq m (planned)
Structure : Steel framed, 2 stories above ground (planned)
Commencement : May 2023 (planned)
Completion : May 2024 (planned)
Certification : CASBEE A Rank certification(planned)
Design and construction : Sanesu Kensetsu Co., Ltd.
Construction manager : AQA Inc.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
