AXA Investment Managers – Real Assets has completed, on behalf of clients, the acquisition of a ¥39 billion (€330 million/$390 million) logistics facility in Tokyo. The acquisition was completed as part of AXA IM – Real Assets’ long-term joint venture with ESR, a leading Asia Pacific logistics real estate platform, with whom it established a local partnership in 2018.
The 142,000-square-meter (1.53 million-square-foot) standalone asset, ESR Kuki, is spread across four stories with double ramp access to the first three floors. Completed in 2018, the state-of-the-art facility was built to the highest specifications and meets the latest ESG standards (CASBEE A certification), as well as being energy saving compliant. The asset benefits from a human-centric design with plentiful amenity space for workers, such as children’s day care center, and access to 241 parking spaces. ESR Kuki is occupied by six institutional-quality logistics tenants.
Located in the North
