Logiport Osaka Taisho logistics warehouse completes construction
HONG KONG (April 25, 2018) — LaSalle Investment Management, Inc., Mitsubishi Estate Co., Ltd. and Mitsubishi UFJ Lease & Finance Company Limited are pleased to announce the completion of the jointly-developed multi-tenant logistics warehouse Logiport Osaka Taisho in Osaka, Japan.
Logiport Osaka Taisho is a large four-story multi-tenant complex with a site area of approximately 55,500sqm and a total floor area of approximately 122,000sqm. Located in Osaka’s Taisho Ward, the facility is strategically located in close proximity to excellent transport infrastructure, giving tenants quick and convenient access to the Namba Shinsaibashi Area (6km away), the Yodoyabashi Honmachi Area (8km away) and the Umeda Area (10 km away). The nearby Hanshin Expressway No. 15 Sakai Route, as well as major arterial highways such as Route 43 connecting to Kobe and Route 26 connecting to South Osaka, link tenants seamlessly to other further afield locations across Osaka, Kobe, Kyoto and the rest of the Kansai region.
Its position in a densely populated area means that the facility is well connected to bus services which frequently run to Taisho Station on the JR Osaka Loop Line and the Osaka Municipal Subway Nagahori Tsurumi-ryokuchi Line. This excellent accessibility will make Logiport Osaka Taisho an attractive work location for workers.
To meet the needs of tenants and in the interests of business continuity, the facility can accommodate 24-hour, 365-day operations and also employs low disaster risk facility planning – for example, adopting an additional vibration control structure and emergency generators capable of running for 72 hours. Consideration is also given to environmental factors, such as the adoption of LED lighting for the entire building and the installation of photovoltaic facilities on the roof.
As more enterprises look to improve their logistics efficiency, there is a growing need for modern logistics warehouses located in excellently located and well-connected areas, as shown by the facility’s tenant contract rate, which at the time of completion of construction was about 55%. LaSalle Investment Management, Mitsubishi Estate and Mitsubishi UFJ Lease & Finance Company will continue to develop logistics facilities that meet the industry’s diversifying demands.
About Mitsubishi Estate Co., Ltd.
A comprehensive real estate developer, Mitsubishi Estate Co., Ltd. boasts a leading position in the Japanese market, operating a spectrum of businesses in diverse fields related to real estate, including an office building business centered in the Marunouchi district in central Tokyo, a retail property business, a residential business, and a hotel business. The Company has proactively expanded its businesses overseas, including participation in condominium and outlet businesses in China, Vietnam, Singapore and other Asian countries, in addition to real estate leasing and development in areas across the United States and London in the United Kingdom. In April 2013, the Logistics Development Office, which had been established in the Office Building Development Department, became an independent department as the Logistics Facilities Development Department to further strengthen logistics facilities development. For more information, please visit http://www.mec.co.jp/
About Mitsubishi UFJ Lease & Finance Company Limited
Mitsubishi UFJ Lease & Finance Company Limited has expanded its businesses on a global scale, centered on leasing and finance. With its flexibility as a non-bank financial company and expertise in assets, the Company has also developed diversified businesses mainly in investments and loans to real estate, environment/energy, healthcare, infrastucture, global asset businesses, etc. Setting “Value Integrator” as its signature phrase, the Company contributes to the growth of corporate value for customers by providing optimal solutions meeting customers’ sophisticated and diversified needs. For more information, please visit http://www.lf.mufg.jp
About LaSalle Investment Management
LaSalle Investment Management, Inc. (together with its global investment advisory affiliates, “LaSalle”) is one of the world’s leading real estate investment managers. LaSalle on a global basis manages approximately $58 billion as of Q4 2017 of private and public equity and private debt investments. LaSalle’s diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals from across the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open- and closed-end funds, public securities and entity-level investments. LaSalle Investment Management, Inc. is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Incorporated (NYSE: JLL), one of the world’s largest real estate companies. For more information please visit www.lasalle.com.
This information is based on the market analysis and expectations of LaSalle and should not be relied upon by the reader as research or investment advice regarding LaSalle funds or any issuer or security in particular. The information presented herein is for illustrative and educational purposes and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. Any such offer to invest, if made, will only be made by means of a private placement memorandum. Past performance is not indicative of future results.