TOKYO, April 28, 2023 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has announced the beginning of the construction of LF Kazo, a logistics facility in Kazo City, Saitama Prefecture. The development site for this facility was acquired by Cushman & Wakefield Asset Management K.K., through a Special Purpose Company in January 2023.
Exterior Image
The groundbreaking ceremony held on 12th April 2023 was attended by representatives from Sanesu Kensetsu Co., Ltd, which is responsible for design and construction, and all other related parties including Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, C&W Asset Management. LF Kazo is scheduled for completion in May 2024.
Features of the Facility
LF Kazo will be constructed as a two-storey logistics facility on an approximately 27,000 square meter site. It will have a pillar span of 11m (frontage) x 10.5m (depth), an effective height of 5.5m under the warehouse beam, a floor loading capacity of 1.5 tons per sqm, and will be equipped with four cargo elevators and vertical conveyors. The tenant block can be leased as a single building or divided into two sections and there are plans to provide 105 parking spaces and 14 waiting spaces for large vehicles. The facility is also designed to meet various logistics needs, such as having sufficient electrical capacity for air conditioning throughout the warehouse.
Location Characteristics
The property is located approximately 5.1 km from the Hanyu exit and approximately 5.8 km from the Kazo exit on the Tohoku Expressway. It is a 60-minute drive to central Tokyo and has excellent access to the Tohoku Expressway and the entire Tokyo metropolitan area, making it a convenient transportation base for wide-area deliveries. Although the property is in an urbanization control area, the designation of the area under Article 34, Item 12 of the Urban Planning Act allows for the legal development of logistics facilities for lease and registration of commercial warehouses under the Warehousing Business Act. In addition, the location is in close proximity to the Kazo Otone Industrial Park and 24-hour operations will be possible.
Sustainability Initiatives
The facility aims to achieve CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A-rank certification for embodiment of sustainability. It will also have a raised floor for power receiving and transforming installations to support business continuity needs.
Groundbreaking Ceremony
Yoshiyuki Tanaka of C&W Asset Management said, “I am very pleased to announce the beginning of the construction of LF Kazo. This facility is planned to accommodate a variety of uses, and together with its convenient location, we expect it to become a wide-area distribution hub that meets diverse logistics needs. Cushman & Wakefield will continue to contribute to the development of the local economy and the promotion of industry by supplying highly functional properties.”
Cushman & Wakefield’s Logistics Facilities Cushman & Wakefield’s Logistics Facilities
The "LF" series, which stands for Logistics Facility, is the branded logistics facilities managed by Cushman & Wakefield in Japan.
C&W's planned development facilities are as follows
|
Facility Name (tentative) |
Location |
Land Area |
Gross Floor Area (sqm - planned) |
Commencement (planned) |
Completion (planned) |
|
LF Nara |
Ikoma-gun, Nara |
58,000 |
124,000 |
Dec 2021 |
Mar 2023 |
|
LF Nara ANNEX |
Ikoma-gun, Nara |
19,000 |
37,000 |
May 2022 |
Jul 2023 |
|
LF Tsukuba |
Tukuba City,Ibaraki |
30,000 |
71,000 |
Apr 2022 |
Jul 2023 |
|
LF Kazo |
Kazo City, Saitama |
27,000 |
27,000 |
Apr 2023 |
May 2024 |
|
LF Sakai-Koga |
Sakai City, Ibaraki |
50,000 |
112,000 |
Jul 2023 |
Jan 2025 |
|
LF Yatabe |
Tukuba City,Ibaraki |
36,000 |
80,000 |
Aug 2023 |
Jan 2025 |
Property Overview
Facility Name : LF Kazo (tentative)
Location : Kamihitagawa, Kazo City, Saitama Prefecture
Land Area: Approx. 27,000 sq m
Zoning: Urbanization control area (Urban Planning Law Article 34, Section 12)
Gross Floor Area : Approx. 27,000 sq m (planned)
Structure : Steel framed, 2 stories above ground (planned)
Commencement : May 2023 (planned)
Completion : May 2024 (planned)
Certification : CASBEE A Rank certification(planned)
Design and construction : Sanesu Kensetsu Co., Ltd.
Construction manager : AQA Inc.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
■FOR MORE INFORMATION：
Kohei Suzuki
Manager
Asset Management
Capital Markets
keita.kondo@cushwake.com
■FOR LEASING：
Susumu Ono
Senior Manager
Capital Markets
susumu.ono@cushwake.com
