Tokyu Fudosan Accelerates Cold Storage Development, Participates in Two Projects, and Starts Construction of Three Properties
April 3, 2025
Illustrative image of completed LOGI FLAG TECH Nagoya Minato I (from press release)
Illustrative image of completed LOGI FLAG TECH Osaka Nanko I (from press release)
Completed Drawing of CBRE IM-LOGI'Q Shinkoyasu (Provisional Name) (from press release)
Tokyu Real Estate is accelerating its expansion into frozen and cold logistics facilities. In recent years, demand for frozen foods has increased due to the expansion of the hometown tax system. The need to upgrade existing facilities due to fluorocarbon regulations is also a driving force, with new facilities increasingly operating at full capacity even before construction is complete. On 1, the company announced its participation in two new projects and the start of construction on three properties. The company plans to continue to expand its business aggressively in the future. The new facility will also be equipped with self-consumption solar panels to support the environmental management of its tenants.
The increase in demand for frozen foods is also due to the increase in dual-income households and the growing popularity of online supermarkets. According to a survey by the Japan Frozen Food Association (Chuo-ku, Tokyo; Chairman Okushi Kenya), domestic frozen food consumption has increased at an average annual rate of 1.1% since 2000. Domestic consumption, which stood at 2.37 million tons in the same year, reached 2.88 million tons in 2011. In this context, Tokyu Fudosan is currently involved in two projects: (tentative name) LOGI'Q Hiroshima and (tentative name) Kashiwa Cold Storage and Freezer Development Project.
In addition, three projects have started construction: LOGI FLAG TECH Nagoya Minato I, LOGI FLAG TECH Osaka Nanko I and (tentative name) CBRE IM-LOGI'Q Shinkoyasu.
Overview of each project is as follows: ▽Property name = <1> Planned land <2> Land area <3> Total floor area <4> Construction period.
▽ (provisional name) LOGI'Q Hiroshima = <1> 1558-14 Ebaokimachi, Naka-ku, Hiroshima City <2> 31,020 square meters <3> 78,118 square meters <4> May 2014 to January 2016 ▽ (provisional name) Kashiwa Freezer and Cold Storage Development Project = <1> 8-1 Shinjuyo 2, Kashiwa City, Chiba Prefecture <2> 5,965 square meters <3> 12,382 square meters <4> Fiscal year 2013 to fiscal year 2015
▽ LOGI FLAG TECH Nagoya Minato I = (1) 3-1-3 Noato, Minato Ward, Nagoya City (2) 7,083 square meters (3) 21,601 square meters (4) January 2013 to May 2014; TECH Osaka Nanko I = (1) 8-1-26 Nanko Higashi, Suminoe Ward, Osaka City (2) 17,355 square meters (3) 25,247 square meters (4) March 2013 to October 2015; (provisional name) CBRE IM-LOGI'Q Shin-Koyasu = (1) 3-1 Ebisu-cho, Kanagawa Ward, Yokohama City and others (2) 38,733 square meters (3) 97,007 square meters (4) March 2013 to January 2015.
