Logistics property investor and developer, Cabot Properties, has acquired its first industrial asset in Japan, a 220,608ft2, four-storey modern logistics warehouse in Minoh City, Osaka.
The acquisition further advances the company strategy to invest in high-quality industrial assets in dynamic, supply-constrained markets across Europe, the USA and Asia Pacific.
The property – 3-4-8 Shinmachi Nishi in Minoh City, Osaka – was completed in 2021 and is fully leased to a single logistics company.
It is located within the Minoh Logistics Park, strategically positioned within 25km of the Osaka Central Business District and is close to Osaka International Airport.
The warehouse features rear loading capability, 12 dock-level doors and has an 18ft (5.5m) clear height. Additionally, the site has 41 parking spaces, 40 EV charging stations and solar energy capabilities. It is rated ‘A’ on the Comprehensive Assessment System for Built Environment Efficiency (CASBEE).
“This acquisition offered the opportunity to establish Cabot’s presence in the Japanese logistics real estate market with a modern, strategically located property that provides significant potential for long-term value creation,” said Yu Nishimura, director of investments, Japan at Cabot Properties.
“The Greater Osaka region continues to be a critical hub for the growth of logistics and distribution activity driven by the rise of e-commerce penetration in Japan,” he added.
Franz Colloredo-Mansfeld, CEO of Cabot Properties described Cabot’s entrance into the Japanese logistics market as a key milestone in the execution of its investment strategy. The company opened its first office in Sydney in 2020.
“With teams in Japan and Australia, we believe we are well positioned to capitalise on attractive logistics investment opportunities in what is already the largest economic region in the world.”
According to a November report from K.K. Ichigo Real Estate Service, the Osaka logistics market remains an attractive investment with vacancy rates of around 4% and sustained demand from third-party logistics, e-commerce and manufacturing-related tenants seeking modern, mid-sized facilities in strategic locations.
