Mapletree to invest over S$550m in jumbo logistics site in Japan

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.