ORIX Starts Construction of Iwatsuki II Logistics Center, a Whole-Building Lease Logistics Facility in Saitama City, Saitama Prefecture
Jan 30, 2019
TOKYO, Japan — January 30 — ORIX Corporation (“ORIX”) announced that it has started construction on the Iwatsuki II Logistics Center in Saitama City, Saitama Prefecture.
The Iwatsuki II Logistics Center is located on National Route 122, approximately one hour by car from central Tokyo. It is conveniently situated about 4.3 km from the Iwatsuki Interchange, where National Route 16 and the Tohoku Expressway intersect, and can be used for deliveries both to the capital and to wider areas.
SETTSU WAREHOUSE Co., Ltd., whose tenancy has been confirmed, intends for the logistics center to serve as a base for its business expansion into the Tokyo metropolitan area. The construction will consist of a two-story building with floor area of 18,114.81 m2, situated on a site area of 22,465.14 m2, with completion scheduled for the end of September 2019.
ORIX began ramping up its investment in the logistics investment business in 2002. To date, We has developed a total of 40 buildings in Tokyo, Nagoya, and Osaka Prefectures. In Saitama Prefecture, ORIX completed construction of the Hasuda II Logistics Center in March 2019, and is scheduled to complete construction of the Matsubushi Logistics Center in March 2019, and the Iwatsuki II Logistics Center will be the thirteenth to be developed.
We intends to continue identifying sites suitable for logistics facilities, promote the development of new businesses, and propose state-of-the-art logistics facilities that can respond to the needs of diverse tenants.
|Name||Iwatsuki II Logistics Center|
|Address||5268, Iwatsuki, Iwatsuki-ku, Saitama City,
|Access||Approx. 4.3 km from the Iwatsuki Interchange on the Tohoku Expressway,
Approx. 2.2 km from Iwatsuki Station on the Tobu Railway Noda Line,
Approx. 3.4 km from Hasuda Station on the JR Tohoku Line
*Approx. 100 m from the Maehara-shimo Kokusai Kogyo bus stop
|Site Area||22,465.14 m2|
|Total Floor Space||18,114.81 m2|
|Scale and Structure||One-story steel construction; two-story in parts;
first floor berths; fire-resistant construction
|Start of Construction||January, 2019|
|Expected Completion||September, 2019 (planned)|
Corporate Planning Department
ORIX Corporation (TSE: 8591; NYSE: IX) is an opportunistic, diversified, innovation‐driven global powerhouse with a proven track record of profitability. Established in 1964, ORIX at present operates a diverse portfolio of businesses in the operations, financial services, and investment spaces. ORIX’s highly complementary business activities span industries including: energy, private equity, infrastructure, automotive, ship and aircraft, real estate and retail financial services. ORIX has also spread its business globally by establishing locations in a total of 38 countries and regions across the world. Through its business activities, ORIX has long been committed to corporate citizenship and environmental sustainability. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 31, 2018)
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 that 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 “1. Summary of Consolidated Financial Results” of the “Consolidated Financial Results April 1, 2017 — March 31, 2018.”
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