ESR has secured commitments for its 143,000sqm Sunview Logistics & Container Hub project in Singapore from a group of investors that include four Japanese entities and real estate company Tokyu Land Corporation.
The real assets manager said the Sunview Hub project is backed by a consortium of investors, along with TRI Investment Management and Hulic Co, Nishimatsu Construction, Fuyo General Lease and RISA Partners.
Container haulage and yard operator Allied Container will be one of the two anchor customers at the built-to-suit Sunview Hub, alongside CEVA Logistics.
Sunview Hub is expected to be fully operational in 2027.
Jai Mirpuri, head of Southeast Asia, ESR, said: “With Tuas Mega Port set to become the world’s largest fully automated terminal and container traffic on the rise, the demand for next-generation logistics facilities will continue to grow in tandem with Singapore’s role at the heart of global trade.
“As a long-term partner that has invested in Singapore since 2007, ESR is committed to using the scale, capabilities, and resources of our pan-APAC platform to drive value for our investors and customers, while enabling a vibrant trade ecosystem and sustainable and resilient global supply chain.”
Takahiro Aoki, head of Tokyu Land Corporation’s Asia business, said: “We are thrilled to be a part of this strategic joint venture partnership with ESR while we continuously work together to expand our portfolio for logistics investments in the APAC region.”
Lim Kian Chin, managing director, Allied Container, said: “The consolidation of Allied’s depot and warehouse operations into a cutting-edge, state-of-the-art super hub at Sunview marks a transformative leap forward. This world-class one-stop hub maximises synergy, enhances efficiency, and optimises costs, ensuring seamless service to meet and exceed industry requirements.”
Sohei Okuno, Hulic Co’s general manager of global investment, said Japanese real estate companies continue to have a positive outlook on Singapore’s logistics sector because of its strong fundamentals and stable returns.
Okuno added: “This is a rare opportunity for Hulic Co to invest in a prime asset anchored by high-quality tenants. Our partner ESR brings an extensive track record in managing logistics developments and properties and, through our collaboration, we are excited that this acquisition and investment project will further expand our regional footprint.”
Brunno Matta, SVP of APAC contract logistics at CEVA Logistics, said: “CEVA supports a wide variety of industries offering specialised logistics solutions and facilities to support unique and complex customer needs.
“Enhancing the customer experience is always our top priority. The addition of this new site to our contract logistics footprint aligns with our warehousing strategy and goals related to sustainability, automation and customer centricity.”
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