The Redwood Group (Redwood) continued its expansion in the Japanese logistics real estate market with the announcement of the closing and commencement of two new prime developments in greater Osaka, with a combined estimated completion value of over 120 billion Japanese Yen (over US$ 1 billion). Both facilities are to include water saving devices, energy efficient lighting and the installation of three of the larger rooftop solar PV plants in Japan yielding a combined generation capacity up to a full 8 MW of clean energy for use in the metro area.
The two new distribution centers (DC), Redwood Nanko DC and Higashi Osaka DC, are strategically located in the bay area of Nanko Naka and inland at Fujiidera respectively. Given the scale of the projects, Redwood is proud to partner with financial powerhouses Diamond Realty Management (a subsidiary of Mitsubishi Corporation), Sumitomo Mitsui Trust Bank and Shinsei Bank as primary lenders.
The planned Redwood Nanko DC will be one of the largest logistics real estate developments in Japan. Strategically located at the port of Osaka just 15-minutes drive from Osaka CBD and 40-minutes from Kansai International Airport, the two double-ramped distribution centers at Nanko are targeted for delivery in 2016 and 2018. Redwood Higashi Osaka DC’s construction is to commence October 2015 and completion by end of 2016. Its location at the confluence of the Meihan, Kinki and Hanshin highways provides excellent access to each of Osaka CBD, neighboring Kyoto, Nara, Wakayama and beyond to Nagoya.
Charles de Portes and Stuart Gibson (President and CEO respectively), made this joint comment: "We are thrilled to announce these developments in Kansai of significant scale. Each is carefully located and designed to service with efficiency, safety and environmental sensitivity the logistics needs of our domestic and international clients."
Redwood also commenced construction on its Chibakita DC, strategically located in Chiba Prefecture, one of the most important distribution regions in Greater Tokyo.