Cushman & Wakefield Completes Large-Scale Logistics Facility "LF Nara" in Nara Prefecture, Japan

TOKYO, April 13, 2023  –Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced today that Cushman & Wakefield Asset Management K.K., has completed construction of LF Nara, a multi-tenant logistics facility located in Ando-cho, Ikoma-gun, Nara Prefecture. The Completion Ceremony held on April 3, 2023 was attended by Seiji Nagai, Senior Managing Executive Officer of Obayashi Corporation, general contractor in charge of design and construction, tenants including ACROSS Corporation, Todd Olson, Country Manager, Japan for C&W and other related parties.  

Exterior Image

Accessibility

LF Nara is approximately 1.5 km from the Yamato Mahoroba Smart interchange and 3 km from the Horyuji interchange on the Nishi-Meihan Expressway, providing excellent access to major cities in the Kinki region. It is located within the Showa Industrial Park, the largest industrial park in Nara Prefecture, which is expected to serve as a regional distribution center for the prefecture and a wide-area distribution center for Osaka, Kyoto, and Nagoya. The area offers an abundant pool of labor resources, with approximately 76,000 workers within a 15-minute radius of LF Nara and 460,000 within a 30-minute radius.

Features of the Facility
LF Nara is the first multi-tenant logistics facility in Nara Prefecture, consisting of four floors with a total floor area of 124,000 square meters on a 58,000 square meter site. A double rampway allows 45-foot container trucks to directly access each floor, contributing to the establishment of efficient logistics operations. The facility is also designed to allow one-way traffic for large vehicles and to minimize intersections between large vehicles and passenger cars to ensure safety. The tenant space can accommodate up to 16 tenants, with a minimum floor area of approximately 2,000 tsubo and a maximum floor area of approximately 8,000 tsubo, to meet a variety of tenant needs. Amenities include a cafeteria, drivers’ lounge, and concession stand in the common area, providing a convenient and comfortable environment for facility users.

 South exterior image

Northeast exterior

Roadway and Truck Berths                                   Warehouse Space     

Main Entrance                                                       Cafeteria

Focus on Sustainability

LF Nara embraces sustainability and has acquired the CASBEE A rank certification (Comprehensive Assessment System for Built Environment Efficiency and Efficiency), BELS 5 Star certification (Building Energy Efficiency and Leasing System), ZEB (Zero Energy Building) Ready certification in addition to installation of solar power generation equipment on the roof and a 24-hour emergency generator.

Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, Cushman & Wakefield Asset Management K.K. said,

"We are very pleased that LF Nara has been successfully completed with strong understanding and cooperation from the local community in the town of Ando-cho. Nara Prefecture is a key location in Japan with many historical buildings and ruins from ancient times, and we are excited to have built the first advanced logistics facility in the prefecture. With the nearby Nishi-Meihan Expressway and the extension of the Keihanna Expressway, we see this facility being an important base connecting major Kinki Cities such as Osaka, Kyoto and Wakayama.  In addition, we look forward to making a significant contribution to job creation in Nara Prefecture and growth of the local economy."

Cushman & Wakefield’s Logistics Facilities
The "LF" series, which stands for Logistics Facility, is the branded logistics facilities managed by Cushman & Wakefield in Japan. 

C&W's planned development facilities are as follows

Property Overview

Facility Name :                     LF  Nara
Location  :                            367-10 Okasaki, Ando, Ikoma District, Nara
Land Area:                            58,000 sq m
Zoning:                                 Semi-industrial area
Gross Floor Area :               124,000 sq m
Structure :                            Steel-framed, 4 stories
Commencement :                December 2021
Completion :                        March 2023
Certification  :                      CASBEE A rank (new construction) certification, BELS 5-star ZEB Ready certification
Design and construction :   Obayashi Co., Ltd.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.