News Release
ORIX Real Estate Begins Construction Today of Moriya II Logistics Center, an Environmentally-Conscious Logistics Facility in the Joban Expressway Area
Multi-tenant logistics facility in the Uchimoriya Industrial Park, scheduled for completion in January 2023
Feb 01, 2022
TOKYO, Japan - February 1, 2022 - ORIX Real Estate Corporation (“ORIX Real Estate”) announced that it began construction today of the Moriya II Logistics Center, a multi-tenant logistics facility with a total floor area of 23,735.95 m2 located in Joso, Ibaraki, aiming to complete construction by the end of January 2023.
Moriya II Logistics Center is located approximately 4.2 km from the Yawara Interchange on the Joban Expressway and offers excellent access to National Route 16 and the Ken-O Expressway, facilitating delivery throughout the Tokyo Metropolitan Area. It is located within the Uchimoriya Industrial Park, an area with nearby manufacturing plants, storage warehouses and distribution centers, generating high logistics demand.
The three-story, multi-tenant building has a total floor area of 23,735.95 m2 and can hold up to two tenants. The first floor has berths* that can accommodate 28 large trucks at the same time, enabling smooth loading and unloading as a distribution hub. The site also has parking for 83 passenger vehicles for use by tenant employees. In addition, the facility was developed in consideration of the environment and is equipped with a solar power generation system for internal consumption, an electric vehicle charging stand, and other features.
To date, ORIX Group has invested in and developed 43 logistics facilities, mainly in the Tokyo, Nagoya, and Osaka areas. It will continue to develop cutting-edge logistics facilities that can contribute to the realization of evolving supply chain strategies for customers and respond to the ever-expanding e-commerce market.
* A berth is a space used to connect trucks to the facility to facilitate the loading and unloading of goods.
| Name | Moriya II Logistics Center |
|---|---|
| Address | 3950-3 Uchimoriya-machi, Joso, Ibaraki |
| Access | Approx. 4.2 km to the Yawara Interchange on the Joban Expressway Approx. 8 km to the Tsukuba Express Moriya Station Approx. 450 m to the Kanto Railway Uchimoriya Industrial Park entrance bus stop |
| Site area | 14,236.09 m2 |
| Total floor space | 23,735.95 m2 |
| Scale and structure | Three-story steel construction |
| Parking spaces | 83 passenger vehicle spaces, 28 truck berths, standby space for 8 large trucks |
| Other | Floor load of 1.5 t/m2; effective height under lower beam of 5.5 m or more Equipped with building-wide LEDs and emergency generators; Solar power generation system installed; Electric vehicle charging stand installed |
| Design and construction | The Zenitaka Corporation |
| Start of construction | February 1, 2022 |
| Date of completion | End of January 2023 (planned) |
Location Map
Contact Information:
Investor Relations and Sustainability Department
ORIX Corporation
Tel: +81-3-3435-3121
About ORIX:
ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which 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 entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 28 countries and regions across the world.
Going forward, ORIX intends to utilize its strengths and expertise, which generate new value, to establish an independent ORIX business model that continues to evolve perpetually. In this way, ORIX will engage in business activities that instill vitality in its companies and workforce, and thereby contribute to society. For more details, please visit our website: https://www.orix.co.jp/grp/en/
(As of September 30, 2021)
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, 2020 – March 31, 2021.”
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