{"id":573,"date":"2023-07-12T12:20:50","date_gmt":"2023-07-12T12:20:50","guid":{"rendered":"urn:uuid:b29db96a-5d08-4784-96d2-2d28749e90d9"},"modified":"2025-02-12T09:21:16","modified_gmt":"2025-02-12T09:21:16","slug":"mapletree-secures-firm-foothold-in-japan-with-its-first-logistics-space-in-kyushu","status":"publish","type":"newsroom","link":"https:\/\/www.mapletree.com.sg\/cn\/newsroom\/mapletree-secures-firm-foothold-in-japan-with-its-first-logistics-space-in-kyushu\/","title":{"rendered":"Mapletree secures firm foothold in Japan with its first logistics space in Kyushu"},"content":{"rendered":"\n
\n

SINGAPORE<\/strong> – Mapletree Investments (\u201cMapletree\u201d or \u201cthe Group\u201d) is pleased to introduce Mapletree Chikushino Logistics Centre Phase 1, the Group\u2019s first foray into the Japanese logistics real estate market in Kyushu. A traditional ceremony, which was graced by Mr Kazumi Hirai, Chikushino City Mayor, Mr Sadao Watanabe, Koga Ward Mayor and Mr Yoji Takahara, Yamaguchi Ward Mayor, along with Mr Wong Mun Hoong, Mapletree\u2019s Regional Chief Executive Officer, Australia & North Asia, was held today to celebrate its imminent completion.<\/p>\n\n\n\n

The Grade A logistics facility with a four-storey RCSS structure, double ramps, and total floor area of ~110,744 square metres (sqm) (33,500 tsubo) will be completed by end of July 2023. It is an addition to Mapletree\u2019s total assets under management in Japan, which stood at S$3.9 billion as of 31 March 2023. The Group\u2019s portfolio in Japan comprises logistics, office, retail, and lodging properties.<\/p>\n\n\n\n

Mr Wong Mun Hoong said, \u201cMapletree has been acquiring, developing, and managing various quality assets across Japan since 2007. We have accumulated over S$1.6 billion in income-yielding logistics properties across the country and witnessed the logistics sector growing into one of the best-performing and most resilient sectors that Mapletree operates in. This steady growth affirms our decision to expand our portfolio into the Kyushu logistics market. Completing our new development in Kyushu will strengthen our foothold in seven out of the eight regions in Japan and provide more opportunities to bring value to the country\u2019s logistics sector.\u201d<\/p>\n\n\n\n

\u201cThis site is well-connected to major transportation infrastructure, including the Chikushino Interchange of the Kyushu Expressway, a one-minute drive away. And it is designated as an area for large-scale distribution businesses utilising the Chikushino Interchange. We believe the strategic location of this facility will be positive in supporting the warehousing needs of such distribution companies. As of today, the development has attracted strong interests from 3PL companies and others,\u201d commented Mr Osamu Pedro Ebinuma, Chief Executive Officer, Mapletree Japan.<\/p>\n\n\n\n

The facility is situated on a land plot measuring 116,319 sqm, which allows for the development of 231,648 sqm (~70,074 tsubo) gross floor area of warehouses. <\/p>\n\n\n\n

As part of the Group\u2019s sustainability effort to incorporate sustainable practices in its daily operations and activities, the development has obtained a CASBEE A certification, an environmental performance certification, and is on track to achieve ZEB Ready, an energy conservation performance certification. <\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Mapletree Chikushino Logistics Centre Phase 1<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Mr Wong Mun Hoong, Mapletree\u2019s Regional Chief Executive Officer, Australia & North Asia (left) and\u00a0Mr Osamu Pedro Ebinuma, Chief Executive Officer, Mapletree Japan (right) at the traditional ceremony<\/em><\/p>\n<\/div>\n\n\n\n

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