ESR secures major lease with Daiwa in Japan
ESR, an APAC focused logistics real estate platform, has signed a new lease agreement for 71,736 sqm of prime logistics space with Daiwa Corporation at the ESR Kawasaki Yako distribution centre located in Kawasaki City, Tokyo Bay, Japan.
The delivery of the leased space to Daiwa is scheduled for July 2021, representing ESR’s second collaboration with this logistics services company. Daiwa and ESR have had a long-standing relationship with the ESR Chibakita distribution centre since 2016.
With its location just 15 km from Tokyo CBD, and in close proximity to Haneda International Airport (5 km), Kawasaki Port container terminal (5.4 km) and Yokohama Port (18 km), the addition of ESR Kawasaki Yako DC will further strengthen ESR’s portfolio in the Greater Tokyo Area, which has witnessed extremely low vacancy rates and strong potential for rental growth. (mw)