ESR announces new lease with Amazon
ESR, an APAC focused logistics real estate platform, has signed a lease agreement for 72,392 sqm with Amazon at its human-centric development project in Kuki City, Saitama (Tokyo Metropolitan area), Japan. The ESR Kuki distribution centre is a four-storey logistics facility that commenced operations in September 2018.
Fuelled by the ongoing rise of e-commerce, logistics facilities across all of ESR’s markets are considered hot spots. This is particularly true in Japan, which is ranked as the world’s fourth-largest e-commerce market.
Stuart Gibson, co-founder and co-CEO of ESR, said: “We are very excited to further expand our partnership with Amazon as it firmly demonstrates the continued demand for ESR’s strategically located, state-of-the-art logistics facilities and the confidence we have earned among major domestic and international clients.” (mw)