ITOCHU Announces Launch of Development of Logistics Facility Dedicated for CAINZ In Kuwana City, Mie
January 28, 2021
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Yoshihisa Suzuki, President & COO; hereinafter “ITOCHU”) announced today that it has concluded a sales contract for acquisition of a site with the site owner, Yahagi Construction Co., Ltd. (headquartered in Nagoya City, Aichi; Mitsuhiro Takayanagi, Director*), together with ITOCHU Property Development, Ltd. (headquartered in Minato-ku, Tokyo; Norio Matsu, President & Chief Executive Officer) to launch the development of the logistics facility "i Missions Park Kuwana" (tentative name) in Kuwana City, Mie. ITOCHU will now move forward to complete construction of the logistics facility by May 2023, for CAINZ Co., Ltd. (headquartered in Honjo City, Saitama; Masayuki Takaya, President & Chief Executive Officer; hereinafter "CAINZ"), which is pursuing the home improvement center business in Japan.
The site is located in the southern Tado district, which Kuwana City has positioned as an industry induction zone by leveraging its geographic advantages. The site is located approximately 7.5 km from the Kuwana Interchange and approximately 7 km from the Kuwana-higashi Interchange on the Higashimeihan Expressway, a highly convenient location as a wide-area distribution base across Japan and a distribution base for central Nagoya. As development of the New Meishin Expressway (to be opened in 2023) and the Tokai Kanjo Expressway (to be fully opened in 2026) progress, the site is expected to become even more convenient and appealing.
ITOCHU will advance the development of this logistics facility in collaboration with Kuwana City, which aims to attract enterprises.
The logistics facility is 4 stories above the ground with total floor area of approximately 27,000 tsubo (89,000 ㎡) . Each floor is approximately 6,800 (22,000 ㎡) tsubo. The logistics facility offers standard specifications, such as a ceiling height of 6.0 m, loading capacity of 1.5 t/m2, and storage capability for a variety of types of products handled by CAINZ. In addition, the slope in the facility enables direct access between the first and second floors, and truck berths for a maximum of 144 trucks can respond to an increase in CAINZ centers in the future. Moreover, ITOCHU will provide a comfortable working environment for employees and staff working in the facility by securing parking spaces for more than 300 vehicles and installing air conditioning units in parts of the building.
* All numbers above are estimates and are subject to change.
CAINZ positions this facility as a mother center in the west. It provides both distribution function for CAINZ centers in the Chubu region (TC) and storage function for overseas cargoes (DC), and is considering installation of robotic equipment for automation purposes. The facility is expected to further expand CAINZ’s logistics network. For one and a half years, ITOCHU has sought candidate sites and has consulted with CAINZ about the building layout and facility specifications to embody the concept of this logistics facility, culminating in a basic agreement. With this project as a starting point, ITOCHU will strive to provide solutions and to achieve synergy with CAINZ by fulfilling its functions as a general trading company, including the provision of merchants, materials and logistics capabilities.
Outline of "i Missions Park Kuwana" (tentative name)
|Name||i Missions Park Kuwana (tentative name)|
|Location||Tado-cho, Kuwana City, Mie|
|Access||Approx. 7.5 km from the Kuwana Interchange on the Higashimeihan Expressway
Approx. 7 km from the Kuwana-higashi Interchange
|Site area||67,873.24 m2 (20,531.69 tsubo)|
|Total floor area (planned)||90,378.25 m2 (27,339.46 tsubo)|
|Structure/size (planned)||Steel construction, four stories|
|Design and construction (planned)||Yahagi Construction Co., Ltd.|
|Start of construction(planned)||April 2022|
|Completion (planned)||May 2023|
i Missions Park Kuwana (tentative name)
◆ Leasing site of i Missions Park, the logistics facility operated by ITOCHU