Wal-Mart looks to reduce delivery prices - (28/05/2010)
Wal-Mart Stories Inc. is looking to take over US transportation services from suppliers to reduce delivery prices.
The company is contacting all manufacturers that provide products for the superstore. Their goal is to take over deliveries where it can do the same job for less and use the savings to reduce prices in stores, said Kelly Abney, vice president of corporate transportation of Wal-Mart.
"It has allowed our suppliers to focus on what they do best, manufacturing products for us," he said. He believed that with lower costs, there will be increased sales.
Wal-Mart is increasing the use of contractors and its own fleet of trucks to pick products up directly from manufacturers and transport them to its distribution centres and stores. Currently, the retailer only moves most goods from its distribution centres to their stores.
This will allow greater utilisation of the company's fleet of trucks and trailers and improve on-time delivery rates and help negotiate better fuel prices.
This is Wal-Mart's attempt to reach further back into the supply chain, to reduce the costs of goods sold so as to increase their gross margins.
+ Global Logistic Properties Japan - Fukushima warehouse open day - (24/05/2010)
GL Properties Japan will
hold an open day on May 26th for its logistics property known as "Koriyama
GLP III" in Koriyama, Fukushima Prefecture.
This high specification industrial
warehouse property is located near the Koriyama Interchange.
Open Day: May 26th (Wed),
10:00 to 16:00
Property name: Koriyama GLP III
Address: 5-12 Yoshihisa Horinouchi, Mukaihara Koriyama, Fukushima Prefecture
Building Type: 4 floors above ground
Site area: 22,862 meters (6,915 tsubo)
Rentable area: office; 394 tsubo warehouse; 4,472 tsubo
Other: Floor load: Warehouse 2.0 ~ 2.1t /m with warehouse floor to ceiling height: 7.1 ~ 7.6m
Availability: Now (some parts from October 2010)
More information is available from the GLP Japan website
Source: GLP Japan
+ Japan property investment seminar – lesson from the financial crisis - (23/05/2010)
insights into property investment - lessons from global financial crisis
IPD Japan will hold a Property Investment
Seminar on Friday 18 June at Bell Salle Yaesu, Tokyo starting at 9.30 a.m.untill
The event will discuss insights into
property investment, which may be derived from the recent global financial
Guest speakers include:
Khoo, Global Head of Asia, AXA REIM
Matsumura, Executive Research Fellow, NLI Research
Obu, Director, RREEF Japan Research Head, Deutsche
Shimizu, Professor at Reitaku University
Tanabe, Professor at Miyagi University
Nabarro, Head of Derivatives and Business Development, Investment Property
If you would like to attend please contact
IPD on 03-5326-3051.
+ Japanese REIT property acquisitions exceed 150 billion yen - (21/05/2010)
The final months of 2009 and the first 3 months
of 2010 have indicated a gradually improving Japanese REIT market (Real Estate
Investment Trusts) with corresponding improvement in the financing environment.
The improving demand driven by the REITs into the Japanese property market has resulted
in sales for the January-March period 2010 at 90 billion yen while total acquisitions
exceeded 150 billion yen. This number excludes 55 billion yen paid in April by Mori
Trust for the 50% shared interest in the Tokyo Shiodome
+ New 150,000 m2 commercial development to open in Kyoto, Japan - (20/05/2010)
Commercial facility developer Aeon Mall, which is part of major Japanese retailer Aeon Group, will open a new commercial facility "Aeon Mall Kyoto" in front of JR Kyoto Station on June 4. The facility was completed by Japanese builder Shimizu, which took over the development from bankrupt developer Joint Corporation. Aeon Mall will handle the tenant leasing and property management.
KYOTO Aeon Mall is only 5 minutes walk from Kyoto Station so is expected to serve not only local residents but also foreign tourists. Total floor space is approximately 150,000 m2, with 50,000 m2 of total rentable shopping center.
The part six and seven-story Mall consists of two wings. The new commercial property features a 12-screen cinema complex which will be the largest Kyoto. The Mall will also include approximately 130 stores including restaurants, supermarkets and fashion retailers.
The commercial building features a number of green building initiatives including approximately 2,200m2 of green roof, LED signs and lights as well as rainwater storage tank capacity of 555 tons. The building has achieved a Japanese green building A rank.
AEON Mall currently operates 55 malls in Japan and the opening of the new Kyoto Mall Prefecture will be the third in Kyoto Prefecture.
Aeon Mall KYOTO (Photo: AEON MALL)
Development name: KYOTO Aeon Mall
Address: Minami-ku, Kyoto City
Land Size: 30,100m2,
Gross Floor Area: approximately 148,300m2, with 51,000m2 total rentable area.
Design and construction: Shimizu Corporation
Facility operator: Aeon Mall
Number of stores: 130
Opening: June 2010 (planned)
Major Tenant: KOHYO, Uniqlo, Sofmap, Ogaki Bookstore
+ CEVA to expand asian warehouse capacity - (19/05/2010)
Asia - CEVA Group plans to increase its
capacity in Asia by expanding its warehouses in Malaysia,
China, Australia, Indonesia
said its Asia-Pacific president Vittorio Favati.
Favati says the company has nearly
exhausted its capacity in Malaysia
and plans to add 700,000-800,000 sq ft or 50% of their present warehouse space
of 1.5 million sq ft.
CEVA is also looking to expand by 250,000
sq ft in China, 200,000 sq
ft in Australia, 150,000 sq
ft in Indonesia and 100,000
Meanwhile, India is
expanding quite robustly with staff in India is expected to double this
CEVA is one of the world's top five
logistics companies and is expecting to achieve higher revenue and profit this
Favati believes Asia
is a promising market and CEVA is now taking the opportunity to increase their
staff and systems in warehousing, freight and supply chain management.
+ China real estate prices continue to increase - (17/05/2010)
BEIJING -Real estate prices across China in April
marked the largest year-on-year increase since monthly indexes started in July
to the sales price index for buildings in 70 major to midsize cities released
National Bureau of Statistics on Tuesday, property prices were up 12.8 percent
year on year, exceeding the 11.7 percent rise logged in March.
estate prices in most cities rose more sharply than a month before. Haikou and Sanya in the island province of Hainan
saw prices surge 53.3 percent and 52.3 percent, respectively.
Beijing, prices were up 14.7 percent, while Shanghai saw an
11.6-percent rise. However, the pace of growth slowed from March in Guangzhou and Shenzhen, both in Guangdong province.
authorities, trying to stem an inflationary bubble, adopted new policies in
April to control speculative property purchases. For example, buyers are no
longer permitted to finance a third home or condominium using a bank mortgage.
consumer price index in April advanced 2.8 percent year on year, logging its
biggest rise since October 2008. The index is approaching the ceiling of
"around 3 percent" set by Chinese authorities.
+ Tokyo real estate apartment sales increase for 3rd month running - (17/05/2010)
Japan Real Estate Economic Research Institute announced on the 17th May that
the number of newly-built apartments in the Tokyo metropolitan area was 3,214. According
to the apartment market trend research in April this represents an increase of
22.6% compared with a year-ago and represents 3 consecutive months of increases.
contract sales for April was 2,568 or 79.9%, a 15.2 point rise. Forecast sales
for May are currently estimated at 3,900 apartments.
research also indicated an increase in buyer interest, with a lot more Japanese
people now who are considering to purchase.
+ Yasuda Warehouse net income falls 10% - (15/05/2010)
Yasuda Warehouse, a Japanese warehouse, logistics and real estate company has reported a net income decrease of 1.4 billion yen. This
represents a 10 percent decrease on last year’s result. The decrease is related
to a decrease in transaction volumes in the distribution business, and by a
downturn in their real estate holdings.
Sales fell 7 percent to ¥ 32.4 billion. The
logistics business, which contributed to operating earnings during the previous
year suffered from reduced fees and a reduction in handling of international
cargo. Operating income was down 12% to 2.6 billion yen.
Source: Yasuda Warehouse
+ New insights into property investment - lessons from the global financial crisis - (15/05/2010)
The 7th Annual IPD Investment Seminar will
be held on Friday 18 June at Bell Salle Yaesu, Tokyo starting at 9.30 a.m. untill
This years event will discuss what are the new insights into property investment,
which can be derived from the recent global financial crisis.
Guest speakers include;
Frank Khoo, Global Head of Asia, AXA REIM
Toru Matsumura, Executive Research
Fellow, NLI Research Institute
Koichiro Obu, Director, RREEF Japan Research Head, Deutsche Securities Inc.
Chihiro Shimizu, Professor at Reitaku University
Nobuyuki Tanabe, Professor at Miyagi University
Nick Nabarro, Head of Derivatives and Business Development, Investment
Please call IPD Japan on 03-5326-3051 for more details.
+ Trusco Nakayama to expand warehouse distribution in Japan - (12/05/2010)
Nakayama said in its long-term management strategy of the company's fiscal 2010
financial results announced on May 7 that it aims to strengthen logistics in response to market characteristics which have resulted in the geographic expansion of direct
shipping logistics centers. These centers are trying to improve and increase the delivery of 'instant' stock items.
three grouped by area for the distribution center and Wakazuruto Fakutoriruto
January 2010, by holding the item in stock wealth distribution center is
central to the core center of each group, the same group Now we can share it in
By strengthening and optimizing inventory and immediate delivery to customers
in each distribution center we plan to expand the efficiency of inventory
number of distribution centers for their home improvement stalls is 12 and 3 for their 'Wakazuruto' and 'Factory Route' stores.
to be addressed as the company expands include preventing shortage and excess in inventory and installation of inventory management
systems to prevent loss and strengthen logistics capabilities.
+ Japan's Panasonic & Sanyo collaborate on real estate & logistics - (10/05/2010)
Tokyo - May 7, Panasonic, announced a new
medium-term plan, in which it outlines collaboration with Sanyo and promotion of its global infrastructure such as real estate, warehouses overseas offices. They will also promote and share
A working group collaboration strategy between Sanyo and Panasonic was established on April 1 this year which identified operating income synergies until fiscal 2012 of 80 billion yen (approximately 800 million USD).
Source: Panasonic & Sanyo
+ Chinese Property Investors snap up real estate on South Korean Island - (04/05/2010)
of holiday villas on South Korea's Jeju Island have been snapped up by about
150 investors from Shanghai as Beijing tries to keep a real estate bubble from
2nd, 58 real estate contracts said to be worth of $26.7 million had been signed
during a three-day business tour by Chinese investors at the island's Raon
Private Town, a booming holiday zone still under construction. Many of the
luxury villas will be rented to Chinese tourists, the China News Agency
Island in the Korea Straits, also known as the "Island of the Gods",
is a popular vacation spot for Koreans, Japanese and neighboring Chinese.
Source: The China News Agency
+ Forever 21 opens flagship store in Tokyo - (02/05/2010)
21 Inc, a fashion brand from Los Angeles, recently launched its first ever
flagship outlet in Asia at Matsuzakaya department store in Ginza shopping
shop, recognized for its rightly priced unique designs for youngsters, will carry
on its shelves, along with fashion apparels for grown-ups, a fresh collection
for kids in the age group of 6-14 years.
to Lawrence Meyer, Executive Vice President of the Group, Matsuzakaya Ginza was
chosen for the launch of the brand’s new flagship stores owing to its perfect
following month, Forever 21 is likely to launch two new stores in Chiba
Prefecture and Tokyo’s Shinjuku districts.
Source: Forever 21
+ Mitsui to open new Outlet Mall in western Japan - (01/05/2010)
Japan's Mitsui Fudosan announced
that it will develop Mitsui Outlet Park Kurashiki (tentative name) in Kurashiki
City, a leading industrial city of Okayama Prefecture in western Japan. The
outlet will be the first Mitsui outlet in the region and is scheduled to open
in the winter of 2011.
This project is located in
Kurashiki, Okayama Prefecture. It is located close to the Kurashiki Station and
at the junction of the Okayama and Sanyo Expressway intersection of Kurashiki.
The site is well located to serve the Chugoku, Shikoku and the Kansai regions
The site area is about
66,000m2 with 100 retail and commercial stores planned having
a GFA of around 20,000m2. The buildings will be situated
amongst ample vegetation and water features with the sustainable eco design
based on a concept called "Kurashiki Forest". The stores will feature
leading international brands and focus on Men's, Women's and Kids Fashion and
accessories as well as Sports & Outdoors.
Okayama Ken, Kurashiki City, Kotobuki-cho 12-1
JR Sanyo Line Hakubi Line Railway
Mizushima Seaside "Kurashiki" station. Sanyo Expressway "Kurashiki" IC
Approximately 66,000 m2
Approximately 20,000 m2
Number of stores
Approximately 100 stores
Opening Winter 2011 (tentative)
Source: Mitsui Fudousan