Commercial property group Goodman has secured rights to develop a A$4bn (€2.5bn) air cargo logistics hub for Tokyo’s Narita International Airport in partnership with a Japanese local authority.
Goodman and Tako Town will develop the cargo hub on a 70-hectare site at the proposed third runway of Narita, scheduled to be completed by 2029.
The proposed air cargo logistics hub will be an integral part of Tako Town’s plan to establish an “international exchange complex” under its masterplan for the town.
The project is expected to be as big as the Goodman Business Park at Chiba, which has a completed value of A$4bn, according to a Goodman spokesperson.
The Narita air logistics project will lift Goodman’s total workbook in Japan to more than A$$10bn.
The group’s projects in Japan include Goodman Business Park Chiba, which is nearing completion. The group is also finalising plans for a master-planned estate in Tsukuba City and is progressing construction of the Goodman Joso project.
Goodman Tsukuba, an industrial and data centre project in Greater Tokyo, covers 45 hectares of land acquired from a local government corporation last year. Goodman Joso in Greater Tokyo is an industrial space project currently under construction over two buildings, with pre-leases agreed.
Goodman Group CEO, Greg Goodman said: “Our workbook in Japan clearly demonstrates Goodman’s global focus to develop essential infrastructure that is high-quality, sustainable and integrated into the local community for the long term.”
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