Hirakata Logistics Center Completed in Osaka Prefecture
Jul 15, 2015
TOKYO, Japan - July 31, 2015 - ORIX Corporation ("ORIX"), a leading integrated financial services group, announced that the construction of its BTS*1 logistics facility, "Hirakata Logistics Center (the "Facility")," located in Hirakata, Osaka Prefecture, completed today.
The Facility is located in an industrial park located approximately 3 km from the Hirakata-higashi and Hirakata Gakken interchanges on the Second Keihan Highway, and approximately 1.5 km from Nagao Station on the JR Katamachi Line. The location is suitable for deliveries to the Osaka and Kyoto areas, being located approximately 3 km from National Route 1, a major highway connecting Kyoto and Osaka. The inland area in Kansai, where the Facility resides, is also in high demand for BCP sites.
The Facility is a five-story building (four stories in the warehouse section) with the total floor space of 20,398.12 square meters on a site of 10,629.36 square meters. The Facility has been leased to OTT Logistics Co., Ltd. simultaneously when the construction of the building has completed.
The ORIX Group‘s logistics investment business started in 2003, initially focused in the development of BTS facilities. From around 2008, utilizing its accumulated expertise, ORIX began shifting the business' primary focus to the development of multi-tenanted facilities*2 . To date, ORIX has developed around 1,150,000 m2 of logistics facilities.
Going forward, ORIX will provide value added services that leverage its unique group network to differentiate itself, as it continues to operate logistics facility development projects that contribute to meeting market demand.
*1 Build to Suit, a form of development where the tenant is determined prior to construction so that the tenant's customized requirements can be incorporated while still retaining a certain level of general versatility in the building
*2 A highly-versatile form of development that envisages multiple tenants
|Name||Hirakata Logistics Center|
|Location||1-90-1 Nagaotanimachi, Hirakata, Osaka Prefecture|
|Access||Approx. 3 km from the Hirakata-higashi and Hirakata Gakken interchanges on the Second Keihan Highway, Approx.1.5 km from Nagao Station on the JR Katamachi Line; approx. 5.5 km from Hirakatashi Station on the Keihan Main Line|
|Total floor space||20,398.12 m2|
|Scale and Structure||Five-story steel construction (warehouse section: four stories)|
|Other||Floor load 1.5t/m2 Effective height under lower beam 5.5 m|
|Completion||July 31, 2015|
[Facility - Exterior]
[Facility - Interior]
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group that provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile-related, real estate and environment and energy-related businesses. Since its first overseas expansion into Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in a total of 36 countries and regions across the world. Moving forward, ORIX aims to contribute to society while continuing to capture new business opportunities. For more details, please visit our website: http://www.orix.co.jp/grp/en/
Caution Concerning Forward-Looking Statements:
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2014 - March 31, 2015."
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