Maruwn to construct new logistics centre in Keihinjima, Tokyo - (30/04/2011)
On April 28th Maruwn Co. Ltd., announced
that it would construct a new logistics center in Keihinjima Ota-ku, Tokyo.
The 5 billion Yen investment into industrial real property is designed to integrate the existing logistics bases to
improve efficiency, and to expand maintenance, delivery, and distribution
processing operations for cargo in Tokyo
The warehouse is 5 stories above ground,
18279m2 total floor space. It features fixed temperature warehouse and roof cranes which are attached inside of the building.
The date of operation is estimated on
[Overview of the new Logistics Property]
Location: 2-6-1 Keihinjima Ota-ku, Tokyo
Site space: 9212.82m2
Total floor space: approx. 4811m2
(Warehouse: approx. 15860m2, Office:
1010m2, Misc: 1409m2)
Construction: 5 stories above ground, RSCC
(column: reinforced concrete, beam: steel
Building height: 29m
Major equipment: Fixed temperature warehouse (10℃, 1485m2), roof cranes (2.8t x 2)
Solar generator, LED
Investment value: 5 billion Yen (land,
Design and construction: Shimizu
Source: Maruwn (Edited and translated by Bear Logi)
+ IIF to acquire Narashino Logistics Center II - (29/04/2011)
On April 28th IIF, Industrial
& Infrastructure Fund Investment Corporation based in Japan, announced the completion of
acquisition of IIF Narashino Logistics Center Ⅱ (land with leasehold interest), and transaction
of all five properties as IIF had announced in the press release “IIF Acquire Five
Properties in Chiba, Kanagawa, Saitama, Aichi Prefecture” on February 21, 2011.
IIF scheduled to acquire the property on March
25, 2011 before the Japan earthquake, however, as only this property was located in the
bay area, IIF decided to postpone the acquisition temporally to research the property
with an external research agency to detect by radar in the ground and boring
As a result, IIF confirmed that the land was
stable and large scale of depression of this land would not likely occur in the
Having confirmed the safety of the property, IIF completed to acquire IIF Narashino Logistics Center Ⅱ.
[Outline of IIF Narashino Logistics Center Ⅱ]
Property name: IIF Narashino Logistics Center Ⅱ (land with leasehold interest)
Type of asset: Trust beneficially rights in
Acquisition price: 3,350 million yen
Scheduled Acquisition date: March 25, 2011
Completion of Acquisition date: April 28,
Leasehold term: 50 years with Mizuho Trust & Banking Co., Ltd.
Source: IIF (Edited by Bear Logi)
+ METI to announce the activities of Japan’s industry to revive the supply chain - (28/04/2011)
On April 26th METI, Ministry of Economy, Trade and Industry Japan announced
“The Activities of Japan’s Industry to Revive the Supply Chain”.
The survey has been conducted to piece out the comprehensive current
industrial situation after the Earthquake related with the supply chain of
major corporative operations and the movement for the reconstruction phase through
the corporate hearings.
The survey analyses the situation dividing the industries into three
sections; electronics, Aircraft, and automobile industry.
[Outline of Electronics
the earthquake, a raw materials and product parts factories that have suffered
damage are being brought back into operation one-by-one. There are no negative
influences on the production of electronics, e. g. flat panel TVs, mobile
phones, smart phones, and lithium-ion batteries, etc..
[Outline of Aircraft
Just after the disaster,
some factories temporarily decreased or suspended their productive activities. However,
they’ve already resumed their operations and moreover expect to achieve over all
level operation in May, and full-scale production in June.
[Outline of the Automobile Industry]
Just after the disaster, the production of automobiles
was reduced or suspended but there have been movement toward resumption of production
for several models with companies adjusting their operational procedures.
Source: METI Japan (Edited by Bear Logi)
+ 4th ULI Japan Legal Lunch Seminar - (27/04/2011)
4th ULI Japan Legal Lunch Seminar
"Transfer Pricing for Real Estate
Professionals: What’s it got to do with me?"
Date: Friday, 20 May 2011 12:00-13:30 (Open at 11:45)
Thank you for your continued support of ULI Japan.
For tax purposes, contracts between group companies
need to be at arm's length. Thus,
cross-border service agreements, whether for sourcing, financing, asset
management or deal support, need to be properly priced. Depending on the facts,
different methods can be used -- cost plus, profit or revenue sharing -- but,
in case of an audit, the pricing needs to be supportable.
As featured speakers at the 4th ULI Japan Legal
Lunch Seminar, we are pleased to have with us Raymond Kahn and Ryann Thomas
from Zeirishi-Hojin PricewaterhouseCoopers.
Ray and Ryann will discuss the transfer pricing issues that commonly
arise in the real estate industry. This
will include identifying real estate transactions requiring a transfer pricing
policy; the types of policies commonly adopted for key transactions; recent
audit experience; and transfer pricing market trends likely to have an impact
on the real estate industry.
The discussion will be informal, will assume no tax
knowledge, and will be relevant for foreign based companies with related party
service providers in Japan,
and for Japanese companies with related party service providers outside of Japan.
Attendance will be limited to the first 20
Please come to PricewaterhouseCoopers’ reception
desk on the 15th floor of the Kasumigaseki
11:45 – 12:00 Registration
12:00 – 13:20 Lunch + Presentation
Ryann Thomas, Managing Director
13:20 – 13:30 Q & A
YLG Members 4,500
ULI Members 5,500 yen
Non-members 6,500 yen
* Priority in registration will be given to ULI
Japan members. (Maximum 2 participants per company)
* Lunch boxes and drinks will be provided.
* The presentation will be in English. Consecutive
interpreting will be provided.
Ray is a tax partner in the PricewaterhouseCoopers
Tokyo office, having joined the Tokyo
practice in 1995. Ray is an active advisor of real estate investment funds,
advising them in fund structuring, asset acquisition and asset disposition.
Ray’s clients include global investment funds, investment advisors and
investors including institutional investors, pension funds, and sovereign
wealth funds. Ray is co-leader of the firm's Japan Real Estate practice and is
also the Alternative Investment Management Association ("AIMA") Japan tax
Since she joined the firm in mid 2001, Ryann has
worked exclusively in the transfer pricing area, assisting both inbound and
outbound multinational corporations with transfer pricing audit defense,
advance pricing agreements, documentation and economic analyses, and risk
assessments. In particular for real estate companies, Ryann has been involved
in a wide variety of transfer pricing projects, including: Transfer pricing
policy planning; transfer pricing documentation; and consulting on audit
defense for transfer pricing issues arising in the course of corporate tax
- To register, simply reply to this mail, and we
will send you confirmation.
- Please complete payment of the participation fee
via bank transfer to the account indicated below by the day of the event.
- We are unable to accept cash payments at the door
on the day of the event.
- If you wish to have an invoice issued, please
contact the ULI Japan office and we will be happy to comply.
Chiyoda-ku, Tokyo 101-0047
ULI Japan Website http://japan.uli.org
Summer Conference 2011
Hall & Conference Thursday, July 7, 2011
Visit http://japan.uli.org or contact the ULI Japan
office for details!
+ Japan Logistics Fund to lease Yachiyo Industrial Property to TOTO - (27/04/2011)
On April 26th Japan Logistics Fund, Inc. announced that it
closed a lease contract on Yachiyo
with TOTO Ltd.
[Outline of the lease contract]
Rent area: 17,689.95m2
Percentage to the total rentable area: 100%
Lease type: Fixed-term contract
Lease period: 2011.05.01 – 2012.03.31
Logistics Fund (Edited and translated by Bear Logi)
+ Yasuda to open new warehouse in Shanghai - (25/04/2011)
On April 22nd, Yasuda Warehouse announced that the
affiliated company, Yasuda Chuo International Forwarding（Shanghai）Co., Ltd., would
open Qingpu branch and new warehouse.
The warehouse is located nearby highway interchange, key access to Shanghai city center as well as major eastern cities in Suzhou and Hangzou as a
sales distribution base in growing Chinese domestic market.
Regarding Design and construction, raised-floor-style platform with
large eaves and dock leveler on one-floor type of warehouse enables them to
[Overview of the Qinqpu
Name: Yasuda Chuo International Forwarding（Shanghai）Co., Ltd.,
Opening date: 2011.06
CEO: Daisuke Nozaki
[Purpose of the
Logistics service and Quality improvement in eastern district China.
[Overview of new warehouse]
Construction: Steel-frame / 1 story
Equipment: two dock leveler
Source: Yasuda Warehouse (Edited and translated by Bear Logi)
+ Yasuda Warehouse to acquire new site in Ibaraki, Osaka - (20/04/2011)
On March 18th Yasuda Warehouse
Co., Ltd announced that it had obtained approx. 14,000m2 site for warehouse in Ibaraki, Osaka.
Yasuda mainly operates its business in Tokyo metropolitan and
Kansai area. Many of the warehouses in Kansai are however,
located in the bay side. Due to the ascending client’s demand on the
inland site, it came to the decision acquiring one of the large scale sites
Yasuda currently owns.
The new warehouse will be capable of
consistently assignable service from cargo storage, marketing and processing, and
distribution etc especially targeted at general cargo.
Location: 1-200-3 Ushitora Ibaraki Osaka
Site space: 14,027m2
Acquisition date: 2011.03.28
Source: Yasuda Warehouse(Edited and translated by Bear Logi)
+ Vantec starts operation at Osaka Logistics Center - (19/04/2011)
On 18th April Vantec Corporation
has announced that it completed construction and commenced the operation at Osaka Logistics
Center in order to
food and beverage transportation as well as distribution services in Kansai
The center is 4 stories above ground
warehouse which has one of the biggest site in Kansai, correspondent with 4
different (frozen/cool/fixed/normal) temperature zones, capable for maintenance,
distribution of food & beverages, liquor, materials for housing.
Name: Osaka Logistics
Location: 2-7-48 Nakajima Nishi Yodogawa-ku
Construction: PCa(partially steel
construction) 4 stories above ground
Total floor space: 39,584 m2
Site space: 20,249 m2
Major equipments: 6 Cargo elevators, 6
Number of Truck berth: 57 (incl. 3 Dock
+ Total remission of port facilities charges in Iwate prefecture - (16/04/2011)
On April 12th Iwate prefecture
authorities announced that it would exceptionally introduce total remission of
port facilities charges managed by them from April 2011 to March 2012.
The exception’s primary objective is to
recover and inspire corporate activities suffered from Great East Japan Earthquake
activating transportations with promoting the use of port facilities in Iwate
that also enable them to recover employment rate in the region.
Applicable Port facilities:
Source: Iwate Prefecture
Division of Port Maintenance
+ Footwork Express commences the construction of new logistics facility in Kasugai City, Aichi Prefecture - (15/04/2011)
3PL service provider, Footwork Express Co., Ltd. (FWE) based in Esaka City, Osaka Prefecture
held the commencement ceremony on 13 April 2011 at the planned construction
site located in Kasugai City, Aichi
new logistics facility will have both of warehouse and terminal on the site of
about 9,200 tsubo (approx. 30,470m2)
and is a result of consolidation of FWE’s current 2 branches aiming at the
promotion of streamlining. It will be completed at the end of November of this
year and will be used exclusively by FWE.
having become a member of international logistics enterprise TOLL Group based
in Melbourne, Australia in 2009, FWE has invested
heavily into new truck fleet, personnel, technology and depot network, and
customers can look forward to an enhanced offering from FWE as a result. The
construction of this facility is a part of FWE’s ongoing strategy of
strengthening its large network to offer customers.
participants at the ceremony included:
Mr. Shota Aoki, Representative Director and COO, Footwork Express Co., Ltd.
Mr. Darren Corneille, Operation Manager, Toll Japan
Mr. Eiji Hayashi, General Manager, Sales Control 2, Central Japan Company,
Yahagi Construction Co., Ltd. (design and construction)
Seiichi Kajita, former member of Aichi prefectural assembly
Hiroshi Ito, President, Kamitaraga District, Kasugai City
Matthew Zann, President, Bear Logi Co., Ltd. (CM)
Aoki from FWE expressed his appreciation to Yahagi, the constructor and asked
for the completion of construction without any accident, and all attendants
prayed for business expansion in the future.
facility design has environmentally friendly design features such as extensive
natural lighting, water sensitive design and reuse of water, auto light sensors
that adjust when lighting so only used when light levels get low, low energy
lighting throughout, solar LED light. Extensive landscaping throughout.
Excellent worker amenities including modern rest areas. Building features high
rated insulation to reduce need for heating in winter and cooling in summer.
Safety is very important at FWE and sight planning
separates pedestrian, cars and trucks. Warehouse also features
extensive guard rails for worker safety. Site will feature modern weigh
bridge and truck check area reinforcing the safe driving philosophy of FWE. Security
is also high level with all site access restricted and strictly monitored. Benefits
are for people.
Komaki Branch, Footwork
Express Co., Ltd.
Kamitagara-cho, Kasugai-City, Aichi
Approx. 30,470 m2
Approx. 8,208 m2
Steel-framed, 3-story above
of contact for this press release:
Relations Office, Bear Logi Co., Ltd.
+ Back-up Capital construction plan: Government and opposition party joint movement - (15/04/2011)
There is a growing movement after the Great
East Japan Earthquake to establish a “Back-up Capital” between both the government
party and opposition party, which prepares for the further massive natural
disaster or possible terrorism attack in Tokyo
Parliamentary group for NEMIC, National
Emergency Management International City (Chairman: Hajime Ishii, Vice
representative in Democratic Party) holds a conference every once in a week
after the earthquake.
They have already set the NEMIC development
framework, and following sites are currently being considered as candidates.
international airport site (Osaka/Hyogo pref.),
(Osaka, Kyoto, Nara pref.),
- Banpaku memorial park (Osaka),
- Morikoro park (Aichi pref.)
Taking physical site space, key transportation
accessibility, distance from Tokyo and other
major standards into consideration, Osaka
site (Itami airport) is considered as a front-runner of the candidate by now.
It is imminent in case that Tokyo, both political and
economical center city, if paralyzed, it turns out to be whole Japanese system
does not function.
The NEMIC group now quickly analyses and
coordinates with related institutions to be able to commence the construction
project within a year.
Over 200 representatives are currently members of the
group, and each party’s opinion has been up to a point integrated.
NEMIC group chairman Ishii also commented that the Back-up Capital needs to be comprised of Commercial and
Residential area in addition to the administrative zoning for Diet and public offices function, in which the investments from overseas are expectable.
If this projects further proceeds to be
realized, it can be predicted that Japanese industrial logistics real estate
market also would be greatly influenced, such as de-centralization or the demand in newly establishing/diversifying national stock warehouse for emergency disaster.
(Edited by Bear Logi)
+ Ota market multi-level deck is completed - (13/04/2011)
On 12th April, JFE Engineering
Corporation has announced that it has completed the Ota market multi-level
storage deck for disposal of goods.
Ota market logistics center, 100% owned by
Tokyo Seika Co., Ltd, orders and operates the market.
Remodeling in multi-level enabled the
facilities to save up to 3 times more space compared to the former deck. It
results in a total trade expansion in the limited site of whole sale market.
Furthermore, Innovating cold-chain
correspondent facilities inside of the market realized both the keeping of
freshness and effective transportation.
Fruit and vegetable dedicated vertical
conveyor and elevator also make it easy to handle vast amount of goods, keeping
as the same transportation efficiency as the existent 1st storey facilities.
Setting air-conditioning system for
disposal of goods maintaining the upper
story at 15℃ also achieved the
collecting and distributing fruits and vegetables without losing its freshness.
JFE announces that its proposal has greatly
contributed the capacity progress for Ota market maintaining the freshness
[Ota market multi-level storage deck overview]
Ota market logistics center K.K(100% owned
by Tokyo Seika Co., Ltd)
Construction site: Tokyo central whole sale market Ota market
3-2-6 Tokai Ota-ku Tokyo
- 2 stories above
- Vehicle holding
area at roof
construction (partially reinforced concrete)
Total floor space: 30,000m2
Source: JFE Engineering
+ ANA will resume flight between Haneda and Sendai from April 13 - (09/04/2011)
On 8th April,
Ministry of Infrastructure and Transportation (MILT Japan)
announced that the civilian airplane transportation from Sendai airport would be resumed.
ANA will start its flight
between Tokyo (Haneda) and Sendai from April 13. The flight will be
limited three times round trip per a day in a daytime for a while.
MILT encourages to use
public transportation or pick-up car due to the unavailable Sendai access railroad.
Departure from Sendai: 9:30/12:30/15:30
Departure from Haneda: 7:30/10:30/13:30
Source: MILT Japan
+ MLIT opened extra Website for the after-quake Japanese airborne condition in Chinese and Korean - (09/04/2011)
Ministry of Land, Infrastructure
and Transport (MLIT Japan) has announced that they opened Chinese/Korean website
in order to strengthen the information transmission especially for foreign governments
and airline companies.
English, Japanese, Chinese
and Korean languages are currently available.
In addition, the updated transportation recovery news are available at following link:
"2. Information of transportation/recovery of transportation" on MLIT website.
Source： MLIT Japan (edited by Bear Logi)
+ Updated vacant warehouse info in Kashiwa city, Chiba: 5,514.98m2 - (07/04/2011)
On 1st April, Butsuryu-Biz
updated one warehouse information located in Chiba.
Warehouse Space: 5345.60m2
Office Space: 159.72m2
Property ID: B100533
Property Address: Shin Toyofuta, Kashiwa-shi,
Access: approx. 0.5km from Kashiwa
: approx. 2km from Kashiwa-no-ha campus station by Tsukuba Express
Land area: 5,215.50m2
Floor area: 5,514.98m2
Construction: Steel-frame, 2 stories
Leasable are: 5,514.98m2
Leasable stories: both
Available from 2011.06.01
+ Footwork restarts their operation in the suffered area - (06/04/2011)
On 5th April Footwork Express
has announced that they partially had resumed the collection of cargo in some
regions where the operation had been stopped due to the East Japan Great
Footwork restarts their operation in whole Kanto
as well as some part of Tohoku area except Iwate, Miyagi, and Fukushima, where still has been under severe influence
by the disaster.
Several points must be considered before
shipping cargo to these areas as following;
- No delivery time designation
- No individual designation
- No emergency supplies
- Limited under 1,000kg per one cargo slip
Source: Footwork Express
+ Japan land price decline slows in 2010 -govt survey - (06/04/2011)
Japanese land prices fell for a third straight year
in 2010 but the pace of decline slowed as the economy picked up, a government
survey showed, though last Friday's devastating earthquake and tsunami ruined
broad areas in the northeast of the country.
Both commercial and residential land prices showed
narrower declines than the previous year, the survey by the land ministry
indicated on Thursday, based on calculations on Jan. 1.
But the worst earthquake in Japan's history and a subsequent tsunami struck
wide areas of three prefectures in the north of the country, which make up 4
percent of Japan's
GDP, destroying thousands of homes as well as roads and bridges.
Japanese land prices fell 3.0 percent last year,
narrowing from a drop of 4.6 percent, with commercial land prices down 3.8
percent and residential land prices down 2.7 percent, the survey showed.
Japanese land prices, which had been declining for
years following the collapse of the real estate bubble in the early 1990s,
finally began turning up in the mid-2000s helped in part as foreign investors
poured money into urban developments.
But the upturn was short-lived as the global
financial crisis rocked the market in 2008.
The latest data showed money from Asian investors
propped up prices in areas such as Kutchan
Town in Hokkaido
in north Japan.
+ Yamatane will be a tenant in YLP - (05/04/2011)
On Apr 5th, IRC Management has announced that they
made a lease agreement in Yokohama Logistic Park (YLP) between Daikoku
Distribution Center Special Purpose Company and Yamatane Corporation as
its 4th tenant.
Yamatane will be a tenant on the 1st floor around
7,491m2, and they close a sublease contract with Kanagawa Kokubu Co., Ltd to
use the facilities as one of its distribution base.
A part of its 1st, 5th floors,
and unreserved 7th floors are continuously available to be leased.
Source: IRC Management
+ Amazon Japan Logistics opens a new logistics center in Tokoname City, Aichi Prefecture - (04/04/2011)
Logistics which provides logistics service according to the orders placed
at Amazon.co.jp announced that on 1 April 2011 it opened a new logistics center
“Amazon Tokoname FC (Fulfillment Center)” in Tokoname
City, Aichi Prefecture
in order to help Amazon.co.jp expand logistics scale and provide speedy
By opening the
first fulfillment center in Chubu region, not only strengthening of “In Stock”
product lineup at Amazon.co.jp, but also more speedy delivery to orders from
customers mainly in Chubu region are expected (excluding some area). Moreover,
by opening this FC, “Fulfillment service by Amazon”, a service which Amazon
Japan Logistics on behalf of seller handles goods inventory storage, order
processing, shipment and customer service will be expanded.
Tokoname FC” has joined the existing logistics centers “Amazon Ichikawa FC”,
“Amazon Yachiyo FC, “Amazon Sakai FC”, “Amazon Kawagoe FC” and “Amazon Daitoh
Source: Amazon.co.jp (Translated by Bear Logi)
+ 3rd ULI Japan Legal Lunch Seminar - (01/04/2011)
3rd ULI Japan Legal
"Part II: Overview of
Practice of J-REIT -- Outline of Investment Corporation, Disclosure
Regulations, M&A and Issues of Financing and Refinancing"
Thank you for your continued
support of ULI Japan.
We’re pleased to announce that, on Friday, April 22 from 12:00 noon to
13:30 at Baker & McKenzie’s offices on the 11th floor of the Prudential Tower
in Nagatacho, we will hold the 3rd ULI Japan Legal Lunch Seminar. Haruhiko
Ogasawara, an attorney with expertise in legal issues related to J-REIT
practices including public offerings and M&A transactions, will continue
his presentation from last October. Those who participated last time, as well
as those who may join us for the first time, will find this equally informative
and easy to follow. Seating is limited to 30, so don’t delay – register today!
11:45 – 12:00 Registration
12:00 – 13:20 Lunch + Presentation
Haruhiko Ogasawara, Baker & McKenzie GJBJ
13:20 – 13:30 Q & A
YLG Members 4,500 yen
ULI Members 5,500 yen
Non-members 6,500 yen
* Priority in registration
will be given to ULI Japan members. (Maximum 2 participants per company)
* Lunch boxes and drinks
will be provided.
* The presentation will be
in Japanese. Consecutive interpreting will be provided.
Ogasawara has extensive
experience in real estate securitisation, public offering of J-REITs, loan
securitisation (especially in the structuring of RMBS, CMBS and ABS), TMK bonds,
structured finance, advice on Financial Instrument and Exchange Law, Asset
Securitisation Law, Investment Trust Law, capital markets, securities
offerings, mergers and acquisitions, tender offer buyout and cross-border
Education and Bar Admission
Ogasawara graduated from the
University of Tokyo with an LL.B. in 1994, and the
University of Pennsylvania Law School with an LL.M. in 2002. He was admitted as an attorney in Japan in 1996 and New York in 2003.
- To register, simply reply
to this mail, and we will send you confirmation.
- Please complete payment of
the participation fee via bank transfer to the account indicated below by the
day of the event.
- We are unable to accept
cash payments at the door on the day of the event.
- If you wish to have an
invoice issued, please contact the ULI Japan office and we will be happy to
Bank Transfer Information
Bank of Tokyo-Mitsubishi UFJ
Account Name: ULI Japan
Account Number: 4554792
COI Uchikanda Building 8F
Chiyoda-ku, Tokyo 101-0047
ULI Main Website
ULI Japan Website