Mapletree to invest over S$550m in jumbo logistics site in Japan
Plan is for Grade A, four-storey, double ramp-way logistics facilities with combined gross floor area of 2.5 million sqf
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Fiona Lam
Singapore
PROPERTY giant Mapletree Investments has entered the Kyushu logistics market by acquiring a prime plot about the size of 15 football fields - 116,319 square metres (sq m) or nearly 1.3 million square feet (sq ft).
In a press statement on Tuesday, Mapletree said it will develop two blocks of Grade A four-storey, double ramp-way logistics facilities on the site over the next four years. They will have a combined gross floor area of 231,648 sq m or about 2.5 million sq ft.
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