The functions required of logistics facilities are changing as the domestic logistics market grows rapidly on the back of the expansion of e-commerce and other factors. In recent years, we have been planning development projects centered on locations that are easily accessible by public transportation and advantageous for recruitment, in addition to being ideally situated for logistics, and on locations in proximity to metropolitan areas and nearby major terminals, such as expressways, main roads, ports, and airports.
The Mitsubishi Estate Group will continue to conduct proactive investment, development, operational management, and asset management centered on the Tokyo metropolitan, Kansai, and Chukyo areas.
Progress on the Long-Term Management Plan 2030
Thanks to the steady expansion of our logistics facility pipeline, most notably the joint venture Fuchinobe Project, total assets of the logistics facility business soared from ¥27.0 billion at the end of FY2020 to ¥61.0 billion at the end of FY2021. In FY2022, we are scheduled to complete the construction of five facilities— Logista•Logicross Ibaraki Saito (blocks A and B), Logicross Kasukabe, Logicross Funabashi, and Logicross Zama Komatsubara. We will continue working to acquire outstanding investment opportunities to meet the demand for logistics facilities brought about by the expansion of e-commerce.
Sagamihara-shi Chuo-ku
Fuchinobe Project (tentative name)
Sustainability Initiative
At Logicross Ebina, a logistics facility we completed in November 2020, we began using solar power generation equipment installed on the facility’s rooftop to generate power for selfconsumption under a power purchase agreement (PPA)*1 as a new initiative in partnership with SymEnergy Inc. Under this agreement, all the power generated by the SymEnergy-owned equipment is consumed at Logicross Ebina. This facility has also acquired a five-star rating (the highest level) under the Building-Housing Energy-efficiency Labelling System (BELS),*2 which labels the energy-saving performance of buildings, and received nearly net-zero-energy building (Nearly ZEB)*3 certification as a building with annual primary energy consumption close to net zero. Going forward, our policy as a general rule will be to acquire BELS certification for the Logicross series of logistics facilities that we are developing.
*1 Agreements involving third-party ownership of solar power generation systems
*2 A third-party certification system for rating and labeling energy-efficiency performance based on guidelines on the energy-efficiency performance labeling of buildings (Building-Housing Energy-efficiency Labelling System) stipulated by the Ministry of Land, Infrastructure, Transport and Tourism (MLIT)
*3 Buildings with annual primary energy consumption of net zero or less. Nearly net-zero-energy buildings are almost on a par with net-zero-energy buildings and satisfy both of the following two criteria in terms of energy consumption: (1) a reduction of more than 50% compared with standard primary energy consumption (excluding renewable energy) and (2) a reduction of more than 75% less than 100% more compared with standard primary energy consumption (including renewable energy)
Logicross Ebina