Goodman continues ecommerce-led expansion in Japan with acquisition of development site in Joso, Greater Tokyo

Due to commence construction in late 2021, the Joso City site forms part of Goodman’s global approach to meet the increasing demand for strategically located logistics space with easy access to large consumer markets.

Acquisition of the site will provide opportunities for retail, ecommerce and third-party logistics customers in this sought-after location. With vacancy rates throughout Greater Tokyo estimated to be at 1.5 percent as of June 2021 (per CBRE), strong customer interest has already been registered.

“Our strategy in Japan is to acquire sites in prime locations and develop high-quality logistics and distribution facility for our customers and capital partners,” said Angus Brooks, CEO of Goodman Japan. “The level and diversity of demand from our customers at this early stage is high, which we believe results from the strong value proposition for this development.”

Upon completion, customers will benefit from excellent transport and logistics li