ESR Group, the sponsor of ESR-LOGOS REIT (E-LOG) and Asia Pacific’s (APAC) largest real asset manager, has completed the construction of ESR Kawasaki Ukishima Distribution Centre.
The centre is a four-storey facility which has a total gross floor area (GFA) of 69,550 sqm. It’s been built with the best-in-class specifications and designs including a sloped truck access to the third floor, high floor tonnage and ceiling clearances. ESR Kawasaki Ukishima Distribution Centre also includes a steel structure seismic base isolation, which would protect the facility’s structural integrity in the event of an earthquake, raising the facility’s seismic performance and sustainability.
The centre is located in Ukishimacho, Kawasaki city in the greater Tokyo Bay area, bordering the Tokyo and Kanagawa prefectures at the mouth of Tamagawa river.
The centre is also just a 10-minute drive away from Haneda International Airport and less than a 30-minute drive away from Tokyo’s central business district.
“The recently completed Tamagawa Sky Bridge greatly improves ESR Kawasaki Ukishima Distribution Centre’s accessibility to Haneda Airport and central Tokyo, which is crucial for industries that deal with medical equipment-related and precision equipment such as semiconductors and semiconductor equipment,” says ESR Group in its Oct 14 release.
Stuart Gibson, co-founder and co-CEO of ESR says the centre is “yet another great example of [ESR’s] resolve to provide world-class logistics space solutions”.
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“Besides its excellent location, we have adopted a unique design approach for this facility with the inclusion of human-centric features that further distinguishes ESR Kawasaki Ukishima Distribution Centre as a great place to do business and work,” says Gibson.
“From a barrier-free design to a staff lounge for tenants to rest and unwind, we are excited for what ESR Kawasaki Ukishima Distribution Centre has to offer and look forward to seeing tenants utilising the facilities to the fullest,” he adds.
In Japan, ESR has total assets under management (AUM) of US$32.3 billion ($46.3 billion) and approximately 4.3 million sqm of GFA as at June 30.
Units in E-LOG closed 1 cent higher or 2.99% up at 34.5 cents on Oct 14.
