Singapore / Tokyo –February 2026 – ESR has entered into a sale and purchase agreement with BNP Paribas Asset Management Alts (BNPP AM Alts) and PGGM to co-invest in a prime logistics facility in Yokohama, Japan.
The transaction centers on ESR Yokohama Sachiura Distribution Centre 3 (ESR Sachiura DC3), a modern, campus-scale logistics asset within ESR’s 30-hectare Yokohama City Port logistics hub.
A Strategic Asset in Greater Tokyo
Spanning more than 165,000 square metres (approximately 50,000 tsubo), the four-storey ESR Sachiura DC3 facility provides scalable, energy-efficient warehousing solutions tailored to modern supply chain demands.
Located in Yokohama within the Greater Tokyo area, the asset benefits from seamless connectivity to:
- Major land transportation routes
- Port facilities
- International air cargo infrastructure
This positioning addresses sustained demand for institutional-grade logistics assets in a market characterized by constrained supply and rising construction costs.
Designed for Operational Efficiency and Tenant Experience
Developed by ESR, the facility incorporates operational and tenant-focused features, including:
- Landscaped green spaces
- Tenant lounges
- A daycare centre
- 24-hour retail services
- Dedicated driver rest areas
These amenities aim to enhance workforce well-being and operational productivity — key differentiators in competitive logistics markets.
Long-Term Institutional Conviction in Japan
Stuart Gibson, Co-founder and Co-CEO of ESR, described the transaction as a milestone reflecting shared confidence in Japan’s logistics sector.
“We are pleased to deepen our long-term partnership with BNPP AM Alts and PGGM on this milestone, which reflects our shared confidence in Japan’s role as a key global hub,” Gibson said. “These flagship assets are well-positioned to benefit from strong customer demand, secular rental growth, and a projected undersupply of modern facilities.”
The ESR Yokohama Sachiura DC3 co-investment aligns with ESR’s Core and Core+ strategies across fund platforms and single-asset structures, offering exposure to stabilized, future-ready logistics assets.
Structural Growth Drivers
According to PGGM, Greater Tokyo remains one of the world’s largest consumption hubs, supported by long-term structural trends including:
- Growth in e-commerce
- Supply chain optimisation
- Automation and advanced warehousing technologies
Thijs Schoenaker, Director of Private Real Estate Asia Pacific at PGGM, said the investment reinforces the pension manager’s commitment to essential infrastructure assets.
“Deepening our long-standing partnership with ESR, with its proven development track record and deep local expertise, enables us to create sustainable, long-term value for customers, communities and our Dutch investor clients,” he said.
Strengthening ESR’s Campus Strategy
ESR Sachiura DC3 is one of seven large campus-scale logistics parks developed by the firm in strategic Japanese locations. The broader Yokohama campus reflects ESR’s integrated development model — combining high-specification design, strategic site selection and institutional capital partnerships.
The ESR Yokohama Sachiura DC3 co-investment further underscores growing global investor appetite for prime Japanese logistics assets amid tightening supply and resilient tenant demand.
