Le mie ricette per la real estate communityThe 142,000 sqm standalone asset, ESR Kuki, is spread across four storeys with double ramp access to the first three floors. Completed in 2018, the state-of-the-art facility was built to the highest specifications and meets the latest ESG standards (CASBEE A certification), as well as being energy saving compliant. The asset benefits from a human-centric design with plentiful amenity space for workers, such as children’s day care centre, and access to 241 parking spaces. ESR Kuki is occupied by six institutional quality logistics tenants.
Located in the North-Eastern area of Saitama prefecture, north of Tokyo’s CBD, the facility benefits from strong transport infrastructure with easy access to the Tohoku Expressway (3.3 km from Kuki Interchange) and Ken-O Express (5.4 km from Shiraoka Shobu Interchange). The Tohoku Expressway provides direct access into Tohoku district and the Metropolitan Inter-City Expressways, which were built and extended to connect with the various outbound expressways and providing easy access and coverage of the entire Tokyo CBD, making it a strategic logistics location.
The acquisition adds to AXA IM – Real Assets’ Japanese logistics platform which comprises a six asset portfolio acquired on behalf of clients last year for a total consideration in excess of ¥100 billion, as part of its Japanese joint venture with ESR. The joint venture will seek further investment and development opportunities diversified across Japan’s gateways cities, targeting large high quality modern logistics facilities which have the ability to deliver secure income returns over the long term.
Source : Company
