ESR Group Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), APAC’s largest real asset manager powered by the New Economy, has begun construction of ESR Noda II, a prime logistics development strategically located in Chiba Prefecture’s Noda City.

Scheduled to be completed in August 2023, the ESR Noda II is a 4-storey multi-tenant facility with a total GFA of 45,600 sqm (13,794 tsubo). Located just 4 km away from the fully stabilised ESR Noda distribution centre I (“Noda l”), ESR Noda II is located just along National Route 16, which circles the Tokyo metropolitan area and can serve delivery routes from Chiba to Kanagawa. ESR Noda II is also well connected to National Route 4, which grants it access to all of the Kanto plain and northern Japan.

Stuart Gibson, co-founder and co-CEO of ESR, said: “The strategic location of ESR Noda II makes it stand out from the other facilities and we are delighted it is already fully leased way ahead of its completion. When ESR Noda II is completed, it will join Noda I in fulfilling that increase in demand for top tier large scale logistic spaces in Noda and Noda submarkets. ESR Noda II, when completed, will also help to bring about more job opportunities to the 150,000 residents of Noda City which will serve to boost economic growth in the region.”

 With an emphasis on sustainability, ESR Noda II will feature LED lighting installed throughout the building, usage of water-saving sanitary fixtures as well as the installation of self-consumption solar power generating 1 MW from the rooftop. With these, Noda II is on track to attain a CASBEE rating of A by September 2022, as well as achieving a 5-star rating for BELS by August 2023.

In Japan, ESR has a total AUM of US$32.3 billion and approximately 4.4 million sqm of GFA as of 30 June 2022.

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