Prologis Breaks Ground on 451,000 Square Foot Development in Japan
SAN FRANCISCO, March 6, 2013
SAN FRANCISCO, March 6, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the
leading global owner, operator and developer of industrial real estate, today
announced commencement of a new development project totaling 451,000 square
feet (41,900 square meters) in Japan.
Prologis Park Kawajima 2is strategically located in the Saitama Ken-O
submarket of Tokyo, adjacent to the Ken-O Expressway. The facility, located
within 28 miles (45 kilometers) of Tokyo's central business district, will
also give customers access to markets in Japan's northern region.
The state-of-the-art building will include a one megawatt solar system, an
emergency disaster alert mechanism, and a groundwater remediation system.
Prologis also plans to obtain CASBEE Saitama Class A certification for the
facility – the highest possible ranking under the CASBEE rating system.
"We expect strong growth in demand for high-quality Class A logistics
facilities in the area due to the ongoing reconfiguration of the supply chain
in Japan and the lack of supply," said Mike Yamada, president, Prologis
Japan."We look forward to building a development that can serve this demand
effectively and help our customers build more efficient distribution systems
in the region."
Prologis is one of the leading providers of industrial real estate in Asia,
with approximately 21 million square feet (1.95 million square meters) of
logistics and distribution space in Japan. Major Prologis customers, include:
Hitachi Transport System, Panasonic Logistics, Sagawa Group, Nippon Express,
Kirin Logistics, Tomy Company, Yamato Logistics, Costco, Daikin Industries,
and Amazon Japan.
Prologis, Inc. is the leading global provider and operator of logistics
infrastructure, focused on global and regional markets across the Americas,
Europe and Asia. As of Dec. 31, 2012, Prologis owned or had investments in, on
a consolidated basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 554 million square feet
(51.5 million square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,500 customers, including manufacturers,
retailers, transportation companies, third-party logistics providers and other
SOURCE Prologis, Inc.
Contact: Tokyo, Aki Tanizumi, Tel: +81 (3) 68609106, firstname.lastname@example.org,
or San Francisco, Atle Erlingsson, Tel: +1 415 733 9495,
email@example.com, Tracy Ward, Tel: +1 415 733 9565, firstname.lastname@example.org
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