Mitsubishi Corporation Urban Development and Phoenix, a Hong Kong-based real estate investment group First Joint Venture: Development of Three Logistics Facilities to Commence on December 1, 2012

2023.12.01 11:00

三菱商事都市開発株式会社、Phoenix Property Investors

Mitsubishi Corporation Urban Development Corporation (located in Chiyoda-ku, Tokyo; Masahito Tamura, President & CEO; hereinafter "Mitsubishi Corporation Urban Development") and Phoenix Property Investors, a Hong Kong-based investment group (located at Otemachi First Square East Tower, 1-5-1 Otemachi, Chiyoda-ku, Tokyo; Daisuke Hayashi, President; hereinafter "Phoenix"), are pleased to announce that they have started their first joint project to develop three logistics facilities on December 1, 2023. 3F, Otemachi First Square East Tower, 1-5-1 Otemachi, Chiyoda-ku, Tokyo; Representative: Daisuke Hayashi; hereinafter referred to as "Phoenix"), a Hong Kong-based investment group, have started to develop three logistics facilities on December 1, 2023 as their first joint project.

MCUD/ZIP Hyogo-Tojo (tentative name), MCUD/ZIP Osaka Hirano (tentative name), and MCUD/ZIP Shizuoka Kakegawa (tentative name).

Project Overview

This project is the first joint venture between MCUD LOGISTICS, a logistics facility developed by MCUD, and the ZIP series developed by Phoenix. Mitsubishi Corporation Urban Development will play a central role in the development of the project from its inception, and Phoenix will manage the properties after development.

MCUD and Phoenix will work together to provide the income-producing real estate market with quality properties that meet the needs of tenants and investors.

About the MCUD LOGISTICS Series

The brand symbol, expressed in blue and red, represents the arteries and veins that deliver blood to every corner of the human body, and expresses the important responsibility that logistics plays as an economic infrastructure business that delivers value to society.

MCUD LOGISTICS

About the ZIP Series

ZIP" means "to pack," "to move quickly," and "ZIP Code. The name and logo express our commitment to deliver cargo with care, accuracy, and speed at all times.

ZIP Code

Outline of the development plan for the logistics facility "MCUD-ZIP (tentative name)

Property name/project name: MCUD・ZIP Hyogo-Tojo (tentative name)

Location (lot number): 6-6-8, Minamiyama, Kato-shi, Hyogo Prefecture

Scheduled start of construction: December 2023

Completion (planned): Fall 2024

Total floor area (planned): 18,287m2/5,531 tsubo

Property Name/Project Name : MCUD・ZIP Osaka Hirano (tentative name)

Location (lot number): 3-59-59, Kami Minami, Hirano-ku, Osaka City, Osaka Prefecture, etc.

Construction start (planned): December 2023

Completion (planned): Spring 2025

Total floor area (planned): 19,714m2/5,963 tsubo

Property Name/Project Name: MCUD-ZIP Shizuoka Kakegawa (tentative name)

Location (lot number): 1319-51, Koidegaya, Hase, Kakegawa-shi, Shizuoka, etc.

Scheduled start of construction: December 2023 (including preparatory work)

Completion (planned): Fall 2025

Total floor area (planned): 52,410m2/15,854 tsubo

MCUD/ZIP Hyogo-Tojo (tentative name)

Location Characteristics

MCUD ZIP Hyogo-Higashojo (tentative name) is located in the Hyogo-Higashojo Interpark near the Hyogo-Higashojo Interchange on the Chugoku Expressway, in an environment that facilitates business operations with 24-hour operation and high frequency of delivery. The site is also accessible to the Chugoku Expressway, Maizuru-Wakasa Expressway, Sanyo Expressway, Rokko Kita Toll Road, and other expressway networks for inter-city transportation to Himeji/Chugoku, Kobe, and Osaka (40 minutes to central Kobe City, 50 minutes to central Osaka City), and regional delivery using prefectural and national roads to Harima and Kobe area. The company is also capable of making regional deliveries using prefectural and national roads to Harima and Kobe and surrounding areas.

Outline of the "MCUD/ZIP Hyogo-Tojo (tentative name)" Development Plan

Location (lot number): 6-6-8, Minamiyama, Kato-shi, Hyogo Prefecture

Traffic ：0.5 km from "Hyogo-Tojo IC" on Chugoku Expressway

Site area : 17,820m2/5,390tsubo

Total floor area: 18,287m2/5,531 tsubo (planned)

Structural scale ：Steel-frame, 2 stories above ground

Design and construction: Aoki Asunaro Construction Co.

Construction completion date: Fall 2024 (scheduled)

Exterior view of "MCUD ZIP Hyogo-Tojo (tentative name)

Map of the area around MCUD ZIP Hyogo-Tojo (tentative name)

MCUD・ZIP Osaka Hirano (tentative name)

Location Characteristics

MCUD ZIP Osaka Hirano (tentative name) is located on land in Osaka City, approximately 2.0 km from the Yao Interchange on the Kinki Expressway, with excellent transportation convenience in the wide Kinki region, and is in close proximity to the Osaka CBDs, the largest consumption area in the Kansai region. It is also advantageous from the perspective of modal shift, being approximately 4.5 km from JR Baekje Cargo Terminal Station. Furthermore, it is within walking distance of the nearest two stations, Kami Station on the JR Kansai Main Line and Shin-Kami Station on the JR Osaka Higashi-Line, and the surrounding population is large, making it a favorable location in terms of securing employment.

Outline of MCUD-ZIP Osaka Hirano (tentative name) development plan

Location (lot number): 3-59-59, Kami Minami, Hirano-ku, Osaka City, Osaka Prefecture, etc.

Access: Approx. 2.0 km from the Yao IC on the Kinki Expressway

　　　　　　　Approx. 1.0 km from Shinkami Station on the JR Osakahigashi Line

Site area : 10,192m2/3,083 tsubo

Total floor space: 19,714m2/5,963 tsubo (planned)

Structural scale: 4 floors above ground, steel-framed

Design and construction: Nishimatsu Construction Co.

Completion date: Spring 2025 (scheduled)

Exterior view of "MCUD-ZIP Osaka Hirano (tentative name)

Map of the area around "MCUD・ZIP Osaka Hirano (tentative name)

MCUD・ZIP Shizuoka Kakegawa (tentative name)

Location Characteristics

MCUD ZIP Shizuoka Kakegawa (tentative name) is located approximately 2.3 km from Kakegawa Station on the JR Tokaido Main Line and approximately 3 km from the Kakegawa Interchange on the Tomei Expressway, and has excellent access to National Route 1, a major trunk road. In addition, the site can be used for wide-area deliveries within a 200-300 km radius of both the Tokyo metropolitan area and the Kansai region, and as a solution to the 2024 truck driver problem, it can also be used as a relay distribution base that can make a round trip from both metropolitan areas in about 8 hours.

Outline of the "MCUD-ZIP Shizuoka Kakegawa (tentative name)" development plan

Location (lot number): 1319-51, Koidegaya, Hase, Kakegawa City, Shizuoka Prefecture, etc.

Access : Approximately 3.0 km from the Kakegawa IC on the Tomei Expressway

　　　　　　　About 2.3 km from "Kakegawa Station" on JR Tokaido Main Line

Site area : 24,210m2/7,323tsubo

Total floor area: 52,410m2/15,854 tsubo (planned)

Structural scale ： Reinforced concrete + steel-framed structure, 4 floors above ground

Design and construction: Suzuyo Construction Co.

Construction completion date: Fall 2025 (scheduled)