TOKYO, December 16, 2022 –Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced today that Cushman & Wakefield Asset Management K.K., has completed, through a Special Purpose Company, the acquisition of a site for the development of a large-scale logistics facility of approx. 112,000 square meters (sq m) in Sakai, Ibaraki Prefecture in Japan.
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Accessibility
The development site is located approximately 2.2 km from the Sakai-Koga interchange on the Metropolitan Central Interchange Expressway (hereafter referred to as Ken-O Expressway), in the Shimo-Kobashi Industrial Park. The Ken-O Expressway is currently undergoing construction to convert the section from Kuki Shiraoka JCT to Ibaraki Prefecture into four lanes. Together with the scheduled connection of the Sakai Iwai Bypass on National Route 354 and the Furukawa Sakai Bypass to the new National Route 4, the accessibility and traffic flow to Sakai will be further enhanced, which is expected to lead to an increase in the concentration of logistics s facilities in the area.
Features of the Facility
LF Sakai-Koga will be constructed as a multi-tenant logistics facility with 4 floors equipped with above-ground rampway on a site of approximately 50,000 sqm. The berths will allow large vehicles, including 45-foot container vehicles, to have direct access to each floor. Tenant blocks will be a maximum of 24,000 sqm per floor, and the entire facility can be reconfigured to accommodate up to 16 tenants. The building has a parking capacity of approximately 450 vehicles and is equipped with the electrical capacity to accommodate the installation of air-conditioning throughout the warehouse to meet the various needs of its tenants. The building will also have a cafeteria and shops for the convenience of both workers and drivers.
Yoshiyuki Tanaka, Senior Executive Director, Cushman & Wakefield Asset Management said,
“Cushman & Wakefield Asset Management is excited about the development of its logistics facility in Sakai Ibaraki Prefecture. Sakai has easy access to the Kanto region and eastern Japan via the Ken-O Expressway and the new Route 4 National Highway and is expected to become a distribution hub in the future. The development of quality logistics facilities in this area reinforces our efforts to contribute positively to job creation and economic development in the region.”
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 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 Sakai-Koga (tentative)
Location : 838-3, Shimokobashi, Sakai Town, Sashima-gun,
Land Area: Approx. 50,000 sq m
Gross Floor Area : Approx. 112,000 sq m (planned)
Structure : RCS Construction, 4 stories above ground (planned)
Commencement : July 2023 (planned)
Completion : January 2025 (planned)
Certification : CASBEE A Rank、BELS 5 -Star、ZEB Ready certifications (planned)
Design and Construction : JFE Civil Corporation
Construction Manager : Aqua 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.
