Prologis Announces Construction Start at New Green Industrial Park in Tokyo’s Saitama Ken-O Submarket
- Mar 08, 2013
Tokyo—Prologis has recently announced that the development process of a major commercial real estate project in Tokyo’s Saitama Ken-O submarket. The provider and operator of logistics infrastructure will kick start the construction of a new, 451,000-square foot industrial project.
Dubbed Prologis Park Kawajima 2, the development is located in the immediate vicinity to the Ken-O Expressway, and will provide easy access to the northern regions of Japan. Tokyo’s central business district is 28 miles away from the in-development project, providing quick access to one of the most affluent business centers in the world. Prologis will be using green technologies in the development and will also include renewable energy fixtures to the finished product. Kawajima 2 will benefit from a one-megawatt solar system, an emergency disaster alert mechanism and a groundwater remediation system.
Due to its focus on environmentally friendly technologies and fixtures for Kawajima 2, Prologis is seeking CASBEE Saitama Class A certification for the industrial park. CASBEE—which stands for Comprehensive Assessment System for Built Environment Efficiency—is the green building management system, employed in Japan since 2001. CASBEE Saitama Class A is the highest level of certification available for Prologis Park Kawajima 2.
According to Prologis’ President Mike Yamada, the company expects “growth in demand for high-quality Class A logistics facilities in the area due to the ongoing reconfiguration of the supply chain in Japan and the lack of supply.” He also mentioned the fact that the company is focused on developing properties that can satisfy the existing demand in the industrial distribution sector.
Prologis currently provides around 21 million square feet of industrial and distribution space in the Japanese archipelago, with a list of collaborators that includes names such as: Hitachi Transport System, Panasonic Logistics, Sagawa Group, Nippon Express, Costco and Amazon Japan.