Acquisition of Land for Logistics Facility Development in Kasukabe City, Saitama Prefecture

Ascott Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Tsuyoshi Oike; hereinafter "Ascott") and eco properties Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Masashi Fukushima; hereinafter "eco properties") are pleased to announce that they have acquired land for logistics facility development in Kasukabe City, Saitama Prefecture, through a special purpose company in which Ascott has invested and for which eco properties has been entrusted with asset management and leasing management services. This marks the launch of a refrigerated and frozen warehouse development project.

This project involves Ascott, which has an extensive track record in real estate development, participating as an investor, and eco properties, which possesses specialized knowledge in logistics facility development, participating as an asset manager. The goal is to develop a multi-tenant refrigerated and frozen warehouse to meet the demand for cold chain logistics in the Tokyo metropolitan area.

The planned site is located in Shimoyanagi, Kasukabe City, Saitama Prefecture, with excellent access to National Route 16 and National Route 4, which are major arteries for logistics in the Tokyo metropolitan area. It is also approximately 15 km from the Iwatsuki IC on the Tohoku Expressway. By utilizing the Tokyo Gaikan Expressway (Gaikan-do) and the Ken-O Expressway (Ken-Odo), it is a prime logistics location capable of wide-area distribution to the Tokyo metropolitan area.

This facility is designed as a refrigerated and frozen warehouse with a facility plan that achieves high storage efficiency and a sufficient number of truck berths. The second and third floors of the warehouse are planned to have a clear height of 6.5m, compared to the typical 5.5m clear height of conventional warehouses. This will increase storage capacity by approximately 1.2 times in ton-equivalent terms based on our assumed storage conditions, meeting the needs for efficient storage of refrigerated and frozen goods. Furthermore, by adopting a central roadway and arranging truck berths on four sides, sufficient docking space is secured for each unit even when the tenant is divided. In addition, parking spaces for large and regular vehicles are planned, reflecting a facility design that considers the convenience of large vehicle waiting and operation, as well as employee commuting.

Map

In recent years, the demand for refrigerated and frozen logistics facilities capable of advanced temperature control has been rapidly increasing, driven by the expansion of the frozen food market due to lifestyle changes, the advancement of e-commerce, and the diversification of food distribution. However, many of the refrigerated and frozen warehouses currently in operation in Japan are aging, which is a common issue for the entire logistics industry.

This project aims to respond to the needs for relocation and modernization due to the aging of existing facilities, as well as to contribute to the development of stable cold chain logistics infrastructure in the Tokyo metropolitan area.

We will proceed with consultations with relevant parties and promote development towards the realization of a sustainable logistics hub that supports the affluent lives and economic activities of the local community.

Exterior Rendering

[Project Overview]

Location: Tanaka 1791-ban, Shimoyanagi, Kasukabe City, Saitama Prefecture, et al.

Site Area: Approximately 18,000 m2

Total Floor Area: Approximately 24,000 m2 (planned)

Structure: 4-story steel frame building (3 stories of warehouse, planned)

Purpose: Refrigerated and frozen warehouse

Completion Date: April 2029 (planned)

Leasable Area: Maximum approx. 24,000 m2, Minimum approx. 4,900 m2, divisible into 4 units

*Subject to change based on future development status.

[Contact Information]

eco properties Co., Ltd.

TEL: 03-6268-8900 E-mail: info@ecoprop.co.jp

Contact: Kawai, Hazebayashi