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Cushman & Wakefield Begins Construction of LF Yatabe in Ibaraki, with Completion Targeted for Jan 2025


TOKYO, August 1, 2023 – Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has announced the beginning of the construction of LF Yatabe, a logistics facility in Tsukuba City, Ibaraki Prefecture. The development site for this facility was acquired by Cushman & Wakefield Asset Management K.K. (hereafter referred to as CWAM), through a Special Purpose Company in October 2022.


Exterior Image

The groundbreaking ceremony held on 27th July 2023 was attended by representatives from all related parties including Katsuaki Kamada, Director, Managing Executive Officer and General Manager of the Tokyo Head Office of Konoike Construction Co., Ltd., the company responsible for design and construction, and Yoshiyuki Tanaka, Senior Executive Director, Capital Markets, Cushman & Wakefield Asset Management. LF Yatabe is scheduled for completion in January 2025.


Features of the Facility

LF Yatabe will be constructed as a multi-tenant logistics facility with a four-storey above-ground ramp on a site of approximately 36,000 sqm. It will have a pillar span of 11 m (frontage) x 10 m (depth), an effective height of 5.5 m under the warehouse beams, a floor loading capacity of 1.5 t/sqm, and will be equipped with 6 cargo elevators and 12 vertical conveyors.  The warehouse space, which will be divided into two combined floors can accommodate up to 6 tenants. The facility will flexibly meet the various needs of tenants by providing approximately 160 parking spaces for standard vehicles and 7 truck waiting spaces, as well as the electrical capacity to accommodate the installation of air conditioning throughout the warehouse. In addition, the building will have a cafeteria and stores to provide a comfortable space for workers and drivers in the facility.

Location Characteristics

The subject property is located approx. 2 km from Midorino Station on the Tsukuba Express, offering excellent commuting convenience. It is also approx. 6 km and 10 km from the Yatabe and Yawara interchanges respectively on the Joban Expressway, and approx. 7 km from the Tsukuba Chuo interchange on the Ken-O Expressway. The accessible transportation network facilitates convenient deliveries within the Ibaraki Prefecture as well as to central Tokyo and the entire Kanto region. This accessibility is expected to be further improved in the near future, with the establishment of the "Tsukubamirai" smart interchange (tentative name) on Joban Expressway and the "Tsukuba" smart interchange (tentative name) on Ken-O Expressway. In addition, the "Ken-O Expressway Interpark Tsukuba Mirai" industrial park (development area: approx. 70.3 ha) is scheduled to be completed in 2023 on an adjacent site, which is expected to further increase industrial concentration in the subject area.

Focus on Sustainability

The LF Yatabe project will be a sustainable facility, with the aim to achieve the CASBEE (Comprehensive Assessment System for Built Environment Efficiency) A Rank, BELS (Building-Housing Energy-efficiency Labelling System) 5-Star and ZEB Ready (50% or less of the energy conservation standard) certifications. The facility will also be installed with solar power generation equipment on its roofs  and emergency generators in case of disasters as a BCP measure.



Groundbreaking Ceremony

Yoshiyuki Tanaka, Senior Executive Director, CWAM said,  “We are very pleased to announce the successful construction commencement of LF Yatabe. The importance of Tsukuba City, where this facility is located has increased in recent years and there is tremendous growth potential driven by continued population influx into the city. CWAM is proud to be part of Tsukuba City's community through the development of LF Yatabe and we are committed to contribute to the further expansion of the local economy and promotion of its industrial base status.”


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

Facility Name


Land Area
(approx. | sqm)

Gross Floor Area

(approx. |




LF Nara External Link

Ikoma-gun, Nara



Dec 2021

Mar 2023

LF Nara ANNEX External Link

Ikoma-gun, Nara



May 2022

Jul 2023

LF Tsukuba External Link Tsukuba City, Ibaraki 30,000 71,000 Apr 2022 Jul 2023

LF Kazo*External Link

Kazo City, Saitama 27,000 27,000 Apr 2023

May 2024

LF Sakai-Koga*External Link

Sakai City, Ibaraki



Jul 2023

Jan 2025

LF Yatabe*External Link

Tukuba City,Ibaraki



Aug 2023

Jan 2025

* Facility names are tentative. The indicated area sizes are planned.


Property Overview

Facility Name :                    LF Yatabe (tentative)
Location  :                           Midori-no-Minami, Tsukuba City, Ibaraki Prefecture
Land Area:                           Approx. 36,000 sqm
Use Zone :                           Industrial Zone
Gross Floor Area :               Approx. 80,000 sq m (planned)
Structure :                          4 stories above ground, RCS Construction, Partly S Counstruction
Commencement :                August 2023 (planned)
Completion :                        January 2025 (planned)
Certification  :                 CASBEE A Rank, BELS 5 -Star, ZEB Ready certifications (planned)
Design and Construction :   Konoike Construction Co., Ltd.
Construction Manager :       Fukuda & Partners Inc. 

Please click here External Link for more details about LF Yatabe.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more.  To learn more, visit or follow @CushWake on Twitter.  


LF sakaikoga rendering card image
Cushman & Wakefield Agrees to Acquire Major Logistics Development Site in Sakai, Ibaraki Prefecture

Cushman & Wakefield Agrees to Acquire Major Logistics Development Site in Sakai, Ibaraki Prefecture


LF Tsukuba rendering card image
Cushman & Wakefield to Start Construction of LF Tsukuba in Ibaraki Aiming for Completion in July 2023

Cushman & Wakefield has announced the beginning of the construction of LF Tsukuba, a multi-tenant logistics facility in Tsukuba City, Ibaraki Prefecture. Cushman & Wakefield Asset Management K.K. held the groundbreaking ceremony for the facility last Thursday, March 24, 2022.



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