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Prologis to develop 3.2 million sq ft in Japan

Prologis is to develop three inventory logistics facilities totalling 3.2 million square feet (298,000 square metres) near Tokyo.

The projects include:
 
• 1.4 million square feet (128,000 square metres) at Prologis Park Chiba New Town. The new facility, the first at this park, will be located along National Highway No. 464, which provides easy access to Narita International Airport;
 
• 1.1 million square feet (105,000 square metres) at Prologis Park Yoshimi, adjacent to the Ken-O Expressway. Prologis plans to obtain CASBEE "A" certification for the three-story facility that will be equipped with a solar rooftop system; and
 
• 695,000 square feet (65,000 square metres) at Prologis Park Narashino 5. Located 20 kilometres from central Tokyo, Narashino is a popular distribution hub for e-commerce customers. The four-story facility will feature energy-efficient lighting and a solar rooftop system.
 
"We continue to secure parcels of land and leverage our development expertise to provide quality properties in key locations," says Mike Yamada, president, Prologis Japan. "These Class-A facilities will offer customers central distribution to Tokyo and the surrounding metropolitan area."

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