Construction of Multi-Tenant Logistics Facility as Part of Asset Turnover Business:Redevelopment of Company-Owned Warehouses Begins in Hiratsuka, Kanagawa
Nov. 17, 2025
We hereby announce that the Company has begun a redevelopment project for five Company-owned warehouse buildings in Hiratsuka City, Kanagawa Prefecture, and will construct a multi-tenant logistics facility for lease. This project forms part of the asset turnover business the Company will pursue in earnest under its Business Plan [2025–2030].
The existing warehouses have operated in Hiratsuka since 1970 but ceased operations at the end of September 2025. Demolition of the buildings is currently underway. Following demolition, we will construct a new multi-tenant logistics facility with a total floor area approximately 2.8 times that of the former facilities.
Until now, our warehouses have primarily been built for in-house use. However, in this project—our first of its kind in Japan—we will develop a logistics facility as part of our asset turnover business. The facility is scheduled for sale by the fiscal year 2030, which will further accelerate investment recovery and enhance asset efficiency.
In addition, the logistics facilities offer unique value-added services, enabling us to provide integrated logistics functions. For tenant companies seeking such services, we can offer warehousing, transport, distribution processing, and international shipping solutions.
Going forward, we remain committed to maximizing the synergy between our logistics and real estate businesses, aiming to enhance our corporate value.
Development Overview:
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Location Ōgami, Hiratsuka City, Kanagawa Prefecture
(Approx. 1.3 km from Shin-Tōmei Expressway "Atsugi-Minami IC"
and approx. 3 km from Tōmei Expressway "Atsugi IC")Site Area Approx. 24,300 m² Facility Scale & Structure Steel frame construction, 4 stories, ramp-accessed mezzanine type, Truck berths on the 1st and 3rd floors; can be divided into up to 8 tenant units Total floor Area Approx. 48,400 m² (including office space) Leasable Area Warehouse: approx. 42,000 m²
Office: approx. 2,260 m²Design & Construction Cost Approx. 13.2 billion yen Construction Start Scheduled for summer to fall 2026 Completion Scheduled for spring to summer 2028 
Contact
Corporate Communications & Investor Relations Div.
Mail to: koho@mitsubishi-logistics.co.jp