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ESR Japan commits 7 facilities in Kanagawa Prefecture to support local disaster preparedness efforts
Written by BCCJ
December 23, 2021
TOKYO / HONG KONG, 22 December 2021 – ESR Cayman Limited (“ESR” or the “Company”, together with its subsidiaries as the “Group”; SEHK Stock Code: 1821), the largest APAC focused logistics real estate platform, today announced that it has signed an agreement with the government of Kanagawa Prefecture in Japan to offer its facilities to support the smooth and speedy implementation of disaster response in the area in the case of a natural disaster.
Under the “Agreement on the establishment of a disaster relief emergency supplies transport hub”, ESR will work closely with authorities and emergency personnel in Kanagawa Prefecture to maintain a stable delivery hub and safeguard the continuation of goods transportation when supply lines are disrupted by providing space in its primely-located modern distribution centres.
The seven facilities included in the agreement are: ESR Namamugi Distribution Centre, ESR Kawasaki Yako Distribution Centre, ESR Chigasaki Distribution Centre, ESR Yokohama Sachiura Distribution Centres 1&2, ESR Kawasaki Ukishima Distribution Centre and ESR Higashi Ogishima Distribution Centre. Future projects developed by ESR in Kanagawa Prefecture will also be included to expand this support system. The Company continues to work with local authorities to finalise the operational details, such as providing access to the interior and exterior areas of the facilities to ensure maximum effectivity, flexibility and responsiveness.
Yuji Kuroiwa, the governor of Kanagawa Prefecture, remarked: “We are very pleased to have signed this agreement with ESR today. Disaster preparedness and risk mitigation are extremely important. I became governor a decade and a half ago, right after the Great East Japan Earthquake, so preparing for another 2 such disaster has been a very important theme in the course of my prefectural administration. It is critical to have a resilient and efficient logistics system for storage and distribution of supplies in the event of a major disaster. On behalf of the 9.2 million residents of the prefecture, I would like to express my heartfelt gratitude to ESR for allowing us access to their modern facilities in the unfortunate event that they’re needed. I believe this will support the safety, security and comfort for the people of the prefecture.”
Stuart Gibson, ESR Co-founder & Co-CEO, said: “We are honoured to establish collaboration with Kanagawa Prefecture on this important agreement. At ESR, it is a big part of our philosophy to help the communities around us wherever and however we can. It is with a large degree of pride and gratitude that we are able to contribute to ensuring the safety and well-being of the people in Kanagawa Prefecture. These seven properties in Namamugi, Sachiura, and Higashi Ogishima are among our very best logistics facilities built with the highest degree of human-centric features, modern designs and the latest cuttingedge technology. I am confident that we have the capabilities and resources to make a real difference to residents in times of need. We will always go the extra mile to be of service to the local community and to contribute to the development of Kanagawa Prefecture and beyond.”
Adhering to its vision for nurturing sustainable development of communities and preserving the safety and well-being of stakeholders, ESR is committed to leveraging its resources to drive positive change and supporting causes that enhance the lives of people.
ESR is the largest APAC focused logistics real estate platform by gross floor area (“GFA”) and by value of the assets owned directly and by the funds and investment vehicles it manages with a growing presence in data centres. ESR and the funds and investment vehicles it manages are backed by some of the world’s preeminent investors including APG, CPP Investments, JD.com, Oxford Properties and PGGM. The ESR platform spans major economies across the APAC region, including China, Japan, South Korea, Singapore, Australia, India, Vietnam and Indonesia. As of 30 June 2021, the fair value of the properties directly held by ESR and the assets under management with respect to the funds and investment vehicles managed by ESR recorded approximately US$36.3 billion, and GFA of properties completed and under development as well as GFA to be built on land held for future development comprised over 22.6 million sqm in total. Listed on the Main Board of The Stock Exchange of Hong Kong Limited in November 2019, ESR is a constituent of the FTSE Global Equity Index Series (Large Cap), Hang Seng Composite Index and MSCI Hong Kong Index.
For more information on ESR, please visit www.esr.com