GLP Japan Development Partners IV (JDP IV), which last year raised JP412 billion (€2.6bn), has acquired a vast industrial site in Tokyo’s Akishima City.
The 350,000 sqm site is one of the largest to become available for a logistics development in Japan, and paves the way for the construction of GLP ALFALINK Akishima, a new mega-scale industrial park.
Strategically located 35 km from Tokyo’s CBD, GLP ALFALINK Akishima will be the first ALFALINK developed in the Tokyo prefecture and extends the successful GLP ALFALINK flagship series in Japan.
GLP ALFALINK Akishima will provide 800,000 sqm of gross floor area (GFA). With easy access to the Chuo and Ken-O expressways, it is considered by analysts to be a prime location for efficient and scalable distribution throughout Greater Tokyo.
Yoshiyuki Chosa, president, Japan at GLP Capital Partners, said: “GLP ALFALINK Akishima sets a new industry benchmark, not just in terms of its size and scale but as a model for how logistics facilities can enrich the local community and catalyse economic, environmental, and social progress.
“We will continue to push the boundaries to deliver the next generation of industrial parks in Japan and across our portfolio globally.”
The first two mega-scale facilities in the ALFALINK series are GLP ALFALINK Sagamihara (680,000 sqm GFA across four buildings) and GLP ALFALINK Nagareyama (900,000 sqm GFA across eight buildings).
GLP ALFALINK Sagamihara is fully leased to more than 30 prominent companies and accommodates a workforce of more than 5,000.
GLP JDP IV, the fourth vintage of the firm’s flagship logistics development fund series in Japan, is expected to reach over JPY 1trn worth of assets under management when fully deployed.
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