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asset class

Multi-tenant and multi-level ambient logistics

status

Completed

Location

Japan

gross Lettable area

32,274 sqm

Greater Nagoya, Japan

Newly completed ambient multi-tenant property located in a growing logistics sub-market

The property is located in the northwest of the greater Nagoya area. It is four kilometres to the nearest interchange on the Meishin Expressway with access to major residential catchments and labour markets. 

The property is constructed to rigorous Japanese engineering standards, specifically designed to address the geotechnical challenges posed by Japan’s earthquake-prone terrain.

This sub-market of the Greater Nagoya area is a highly sought-after location by local transportation companies and 3PL service providers. Until recently, the lack of investment grade logistics facilities has prevented such occupiers from commencing operations in these areas.

The property is an investment grade multi-level logistics facility completed in March 2023 and acquired in April 2024 as part of the Fife Asia-Pacific Logistics (FAL) investment program administered by Fife Capital Singapore. The property was 68% leased prior to practical completion.  A tenant for the remaining 32% was identified within six weeks of acquisition. Occupier demand is strong with rental growth expected going forward due to the supply/demand imbalance in greater Nagoya.