GIC acquires high quality logistics facility in Yokohama, Japan

GIC has acquired a logistics facility in Yokohama, part of the Greater Tokyo metropolitan area. The asset is located within the Kanagawa Prefecture and enjoys convenient access to the entire Greater Tokyo region.

The facility was developed by Daiwa House Industry, a Japanese real estate developer. Completed in in 2022 and fully occupied, the asset has modern building specifications that cater to a wide range of tenants.

As Daiwa House’s flagship logistics facility, the four-floor property spans more than 126,000 square meters (1.4 million square feet), making it one of Daiwa House’s largest assets built to date. It features seismic-base isolation for additional earthquake resistance and was designed with elements for social community engagement. These include an open deck space, a convenience store and a café, which are open to workers as well as nearby residents.

The transaction follows GIC’s 2023 acquisition of several other logistics facilities develop