TOKYO, August 8, 2023 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced today that Cushman & Wakefield Asset Management K.K. (hereafter referred to as CWAM), has completed construction of LF Nara ANNEX External Link, a multi-tenant logistics facility located in Ando-cho, Ikoma-gun, Nara Prefecture. The Completion Ceremony held on August 7, 2023 was attended by Akihiro Toyota, Director and General Manager, Osaka Head Office, Asanuma Corporation, Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, CWAM and other related parties.
South East Exterior
Location Characteristics
The property is located approximately 1.5 km from the Yamato-Mahoroba Smart exit and approximately 3 km from the Horyuji exit on the Nishi-Meihan Expressway. It is situated in an area with a high concentration of industrial firms near Showa Industrial Park, the largest industrial park in Nara Prefecture, and is expected to become a major regional distribution hub within the prefecture and the wider Osaka, Kyoto, and Nagoya region. The location is also competitive from the perspective of employment opportunities, as there is a working population of approximately 460,000 people within a 30-minute radius of the proposed site.
Features of the Facility
"LF Nara ANNEX" is constructed as a multi-tenant logistics facility with 4 floors above ground and a total floor area of approximately 37,600 sqm. The pillar span has a frontage of 11.5m x depth of 9.5m, an effective height under the beam of the warehouse of 5.5m, a floor load of 1.5t / sqm, 4 luggage elevators and 4 vertical conveyors (an additional 2 conveyors can be installed if required). It is a box-type warehouse distribution facility that can be expanded in the future. The tenant area can accommodate up to 4 tenants and can be configured with a minimum area of about 7,900 sqm to about 3,700 sqm, to enable efficient cargo handling operations and meeting of tenant needs with an emphasis on storage efficiencies. In addition, a break room is available in the common area as an amenity to provide a convenient and comfortable environment for facility users.
South East Exterior
South West Exterior
Truck Berths Warehouse Space
Entrance Office
Focus on Sustainability
LF Nara ANNEX has obtained CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A Rank, BELS (Building-Housing Energy-efficiency Labelling System) 5-Star, and ZEB Ready certifications. The roof of the building is equipped with a photovoltaic power generation system and the building also has a 24-hour emergency power generator to meet BCP requirements.
Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, Cushman & Wakefield Asset Management K.K. said,
“We are very pleased that LF Nara ANNEX has been successfully completed and the adjacent LF Nara which was completed in May 2023, thanks to the understanding and cooperation of the local community in the town of Ando-cho. This facility, when it begins operations will contribute to job creation and development of the local economy. We are confident that both LF Nara ANNEX and the adjacent LF Nara will accommodate a wide variety of logistics needs in the Nara Prefecture, which has high potential as a key logistics hub.”
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 |
Location |
Land Area |
Gross Floor Area (sqm) |
Commencement |
Completion |
|
Ikoma-gun, Nara |
58,000 |
124,000 |
Dec 2021 |
Mar 2023 |
|
|
Ikoma-gun, Nara |
19,000 |
37,000 |
May 2022 |
Jul 2023 |
|
|
Tukuba City,Ibaraki |
30,000 |
71,000 |
Apr 2022 |
Jul 2023 |
|
|
Kazo City, Saitama |
27,000 |
27,000 |
Apr 2023 |
May 2024 |
|
|
Sakai City, Ibaraki |
50,000 |
113,000 |
Jul 2023 |
Jan 2025 |
|
|
Tukuba City,Ibaraki |
36,000 |
80,000 |
Aug 2023 |
Jan 2025 |
* Facility names are tentative. The indicated area sizes are planned.
Property Overview
Facility Name : LF Nara ANNEX
Location : 367-19 Okasaki, Ando, Ikoma District, Nara
Land Area: 18,584.29 sqm
Use Zone : Semi Industrial Zone
Gross Floor Area : 37,605.82 sqm
Structure : Steel framed, 4 stories above ground
Commencement : May 2022
Completion : July 2023
Certification : CASBEE A Rank (new construction) certification, BELS 5 Star, ZEB Ready certification
Design and Construction : Asanuma Corporation
Please click here External Link for more details about LF Nara ANNEX.
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 approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 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), Environmental, Social and Governance (ESG) and more. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
