ORIX to Develop Komaki II Logistics Center, a Whole-Building Lease Logistics Facility in Komaki City, Aichi Prefecture, Scheduled for completion in October 2019
Jan 30, 2019
TOKYO, Japan — January 30 — ORIX Corporation (“ORIX”) announced that it has started development on the Komaki II Logistics Center in Komaki City, Aichi Prefecture.
The Komaki II Logistics Center is located on National Route 41—which links the center of Nagoya City in Aichi Prefecture to Gifu and Toyama Prefectures—about 30 minutes by car from the center of Nagoya City. It is conveniently situated about 2.2 km from the Komaki North Interchange on the Nagoya Expressway, and about 2 km from the Komaki Interchange on the Tomei Expressway, ideal for deliveries to wider areas based around the Chubu region.
The entire center will be leased to Meiko Trans Co., Ltd., a major logistics company based in the Chubu region.
ORIX began ramping up its investment in the logistics investment business in 2002; in the Chubu region, the Kasugai Logistics Center was completed in February 2017, and the Komaki II Logistics Center will be fourth building developed—the first in two years.
Going forward, 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||Komaki II Logistics Center|
|Location||60-1, Aza Fumito, Kawachiyashinden, Komaki City, Aichi Prefecture|
|Access||Approx. 2 km from the Komaki Interchange on the Tomei Expressway
Approx. 2.2 km from the Komaki North Interchange on the Nagoya Expressway
|Site Area||21,407.04 m2|
|Total Floor Space||35,937.72 m2|
|Scale and Structure||Three-story steel construction; first floor berths;
|Start of Construction||October, 2018|
|Expected Completion||October, 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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