GLP plans new Tokyo logistics park

GLP plans new Tokyo logistics park

GLP has announced that it is planning to develop a new facility in Greater Tokyo that will become “the largest modern logistics park in Japan”. In a statement issued today (27 December), GLP said that it has “secured a strategic land parcel for long-term logistics facilities development in Greater Tokyo”.

The statement continued: “GLP Sagamihara will be developed in phases and ultimately provide over 655,000 square meters (“sqm”) (7 million square feet (“sq ft”)) of total gross floor area across six buildings. GLP expects to commence the first phase of construction in 2020 following a sale-and-leaseback arrangement with the seller. The total investment cost of GLP Sagamihara is JPY133 billion (US$1.1 billion1). GLP intends to undertake this development within its fund management platform.

Yoshiyuki Chosa, President of GLP Japan, added: “GLP Sagamihara is well-positioned to be Japan’s best master-planned logistics park.”

Local media sources report that the facilities will be available for lease by e-commerce businesses and chain retailers as a shipment base.

GLP is also reported to be building a new facility in Osaka, which is expected to be completed in August 2017.

 

Relevant Directory Listings

Listing image

SwipBox

Focus on the user experience SwipBox is focused on creating the world’s best user experience for delivering and picking up parcels using parcel lockers. Through a combination of intuitive network management software and hassle-free, app-operated parcel lockers, SwipBox delivers maximum convenience to logistics providers, retailers […]

Find out more

Other Directory Listings

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What’s the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

News Archive

Pin It on Pinterest

Share This