BNP Paribas Asset Management Alts (BNPP AM Alts) has acquired, on behalf of clients, a minority stake in a newly constructed multistory logistics asset in Yokohama, Japan, from ESR, a leading Asia Pacific real asset owner and manager. Following the transaction, ESR will retain a stake in the asset.
The Yokohama Sachiura Distribution Centre 3 (Sachiura DC3) is a state-of-the-art, four-story logistics facility offering market-leading experiences for customers and their employees, supporting leasing and occupier retention against the backdrop of an acute labor shortage in the region.
Strategically located on a 330,000 square-meter (3.6 million-square-foot) logistics campus in Yokohama City Port, Sachiura DC3 totals 165,000 square meters (1.8 million square feet) and offers an ocean-view terrace, spacious lounges and an on-site children’s day-care center. These amenities complement the asset’s strong technical specifications, which include direct truck access to all fo
