TOKYO, July 6, 2023 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has announced the beginning of the construction of LF Sakai-Koga, a logistics facility in Sakai Town, Ibaraki Prefecture. The development site for this facility was acquired by Cushman & Wakefield Asset Management K.K. (hereafter referred to as CWAM), through a Special Purpose Company in December 2022.
Exterior Image
The groundbreaking ceremony held on 26th June 2023 was attended by representatives from all related parties including Jun Kadota, CEO from JFE Civil Corporation, which is responsible for design and construction, and Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, Cushman & Wakefield Asset Management. LF Sakai-Koga is scheduled for completion in January 2025.
Features of the Facility
LF Sakai-Koga will be constructed as a multi-tenant logistics facility with four floors equipped with above-ground rampway on a site of approximately 50,000 sqm. The berths will allow large vehicles, including 45-foot container trucks, 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.
Location Characteristics
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 Shimo-Kobashi Industrial Park. The Ken-O Expressway is currently undergoing construction to convert the section from east of Kuki Shiraoka JCT to Ibaraki Prefecture into four lanes. The heavy traffic congestion between Kuki Shiraoka JCT and Satte IC, was greatly reduced both inbound and outbound when the construction of this section of the expressway was completed. Together with the scheduled connection of the Sakai Iwai Bypass on National Route 354 and the Koga 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 bases in the area.
Focus on Sustainability
Groundbreaking Ceremony
Masahiro Hashimoto, the Mayor of Sakai said “Sakai Town has been focusing on attracting companies since 2014, prior to the opening of the Sakai-Koga Interchange on the Ken-O Expressway. With the completion of LF Sakai-Koga, construction of which has just begun, the town expects to see an increase of approximately 300 new jobs. We also have high expectations for the facility, which will contribute to the safety and security of nearby residents, including its use as a temporary shelter in the event of a disaster.”
Yoshiyuki Tanaka, Senior Executive Director, CWAM said, “We are very pleased to announce the successful start of construction of LF Sakai-Koga. Located in Sakai Town, which is actively attracting companies, and with excellent access to the Kanto region and eastern Japan via the Ken-O Expressway and the new Route 4 National Highway, we expect that this facility will be a flagship in the northern Kanto region that will meet a variety of logistics needs. CWAM will continue to contribute to the development of the local economy and the promotion of the logistics industry by cooperating with the local community and 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) |
|
Ikoma-gun, Nara |
58,000 |
124,000 |
Dec 2021 |
Mar 2023 |
|
|
Ikoma-gun, Nara |
19,000 |
37,000 |
May 2022 |
Jul 2023 |
|
| LF Tsukuba External Link | Tsukuba 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 |
Property Overview
Facility Name : LF Sakai-Koga (tentative)
Location : 838-3, Shimokobashi, Sakai Town, Sashima-gun, Ibaraki
Land Area: Approx. 50,000 sq m
Gross Floor Area : Approx. 113,000 sq m (planned)
Structure : RCS Construction, 4 stories above ground
Commencement : July 2023
Completion : January 2025 (planned)
Certification : CASBEE A Rank、BELS 5 -Star、ZEB Ready certifications (planned)
Design and Construction : JFE Civil Corporation
Construction Manager : Fukuda & Partners Inc. and Aqua Inc.
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.
