>

>

/

Hines acquires logistics asset in Nagoya

By Atiqah Mokhtar

/ EdgeProp Singapore |

February 8, 2022 3:44 PM SGT

Hines has announced the acquisition and development of Yatomi Distribution Centre, located in in Nagoya, Japan.

SINGAPORE (EDGEPROP) - Real estate investment firm Hines announced on Feb 8 the acquisition and development of a logistics asset in Nagoya, Japan, for an undisclosed amount.

The firm says it is buying Yatomi Distribution Centre, marking its first logistics acquisition and development project in Japan. It is also Hines’ second investment in the country in the last four months, following the acquisition of R&D office building New Stage Yokohoma last November.

The Yatomi Distribution Centre consists of an existing single-story logistics centre totalling 25,000 sq m (269,098 sq ft) as well as a development site entitled to construct a four-storey logistics building totaling 225,000 sq m.

Hines says design and permits for the new development are underway and groundbreaking will occur in 2Q2022. Located near the Port of Nagoya, the buildings will target both dry and cold storage users, last-mile logistics providers and major regional distribution users.

The project marks Hines’ fifth logistics investment in the Asia Pacific region in the last year. Last month, it made its first acquisition in the Singapore market, partnering with German real estate investment manager DWS to acquire Bukit Batok Connection, an industrial asset in Jurong East, for $93.8 million.

Check out the latest listings near Bukit Batok Connection

Tags:

Hines logistics asset Japan Yatomi Distribution Centre

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong draws 10,000 as crowds surge at project sales galleries during Deepavali weekend

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Marina Bay Residences’ $5 mil revamp enhances residents’ living experience, delivers value in premium rents

4

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

5

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00