M&G adds Japanese logistics facility to core Asia Pacific property portfolio

M&G has acquired a 40 percent interest in a prime logistics facility in Nagoya, Japan, valued at approximately JPY 10 billion ($91 million), on behalf of its core Asia Pacific property portfolio managed by Richard van den Berg.

ESR Yatomi Distribution Center was built in 2018 and is strategically located within 6 kilometers (4 miles) of Nagoya Port and 15 kilometers (9 miles) from its central business district. Excellent access to major expressways highlights its suitability as a logistics location, supported by access to labor from the surrounding residential areas.

ESR Yatomi is a CASBEE A and LEED Gold facility with strong ESG attributes, including solar panels on the roof of the building and LED lighting throughout the property. It also has a child daycare center and a staff lounge for employees. It is a modern four-story facility with a total floor space of 95,290 square meters (1.02 million square feet) and 265 car bays. The property is fully leased to six te