Cushman & Wakefield Completes LF Tsukuba, a Multi-Tenant Logistics Facility in Ibaraki Prefecture, Japan

TOKYO, August 7, 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 the construction of LF Tsukuba External Link, a multi-tenant logistics facility located in Tsukuba City, Ibaraki Prefecture. The Completion Ceremony held on August 4, 2023 was attended by Muneo Gomi, Vice President for Hazama Ando Corp., Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, CWAM and other related parties.  

Exterior Image

Accessibility

LF Tsukuba is located approximately 7.8 km from the Sakura-Tsuchiura interchange on the Joban Expressway and approximately 8.0 km from the Tsukuba-Chuo interchange on the Ken-O Expressway. This strategic location extends the facility’s coverage not only to the northern Kanto and Tohoku regions, but also to a wide area of the Tokyo metropolitan area without going through central Tokyo via the Ken-O Expressway. It is also favorable from an employment perspective, as there are approximately 100,000 workers within a 15-minute radius of LF Tsukuba and approximately 300,000 workers within a 30-minute radius of LF Tsukuba.

Features of the Facility

LF Tsukuba is a multi-tenant logistics facility with five storeys above ground, a total floor area of 71,000 sqm on a 30,000 sqm site. The facility is designed to facilitate efficient logistics operations with 45-foot container trucks having direct access to berths on the first through fourth floors.  It can accommodate up to eight tenants, with a minimum floor area of approximately 5,455 sqm. The fourth and fifth floors offer maisonette-type space with an emphasis on storage efficiency. There are 230 parking slots to meet various tenant needs. The building also provides a convenient and comfortable environment for facility users, with cargo receiving areas (slip processing rooms, restrooms, and toilets) provided for each tenant, as well as a cafeteria and store in the common area.

South West Exterior                                             North East Exterior

Roadway                                                                Warehouse Space

Main Entrance                                                       Cafeteria

Focus on Sustainability

LF Tsukuba has obtained BELS (Building-Housing Energy-efficiency Labelling System) 5-Star, and ZEB Ready certifications, and is scheduled to obtain the CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A Rank. The building’s exterior walls will be made of highly insulated and durable sandwich panels, while the roof will be equipped with a photovoltaic power generation system.  It 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 to announce the successful completion of LF Tsukuba and would like to extend our appreciation to everyone who contributed to this important project.. Tsukuba City in Ibaraki Prefecture developed as a school city, and after the opening of the Tsukuba Express train service, the city continues to see a population influx till today. The transportation network has also been enhanced with the opening of the Ken-O Expressway in addition to the Joban Expressway, and this area is attracting new attention as a logistics base in terms of both employment and accessibility. We believe that LF Tsukuba’s operationswill contribute greatly to the revitalization of the local economy and job creation."

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 names are tentative. The indicated area sizes are planned.

Property Overview

Facility Name :                     LF  Tsukuba
Location  :                            25-2 Sakuranomori, Tsukuba, Ibaraki
Land Area:                            30,735 sqm
Gross Floor Area :               71,064.68 sqm
Structure :                            Steel framed, 5 stories above ground
Commencement :                April 2023
Completion :                        July 2023
Certification  :                      CASBEE A Rank (new construction) certification(planned), BELS 5 Star, ZEB Ready certification
Design and construction :   Hazama Ando Corp.
Construction manager:         Fukuda & Partners Inc. 

Please click here External Link for more details about LF Tsukuba.

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.