ESR Welcomes BNPP AM Alts and PGGM as Co-investors in Prime Logistics Asset in Yokohama, Japan

The asset, ESR Yokohama Sachiura Distribution Centre 3 (“ESR Sachiura DC3”), is the latest addition to ESR’s 30-hectare logistics campus at Yokohama City Port. Spanning over 165,000 square metres (approximately 50,000 tsubo), the four-storey facility offers customers modern warehousing space solutions designed for efficiency and scalability.

Strategically positioned with seamless access to land, sea, and air transport networks, ESR Sachiura DC3 addresses the growing demand for high-quality, energy-efficient logistics infrastructure in a supply-constrained market. Designed by ESR, the facility also features amenities, such as landscaped green spaces, lounges, a daycare centre, 24-hour retail, and dedicated rest areas for drivers.

Stuart Gibson, Co-founder and Co-CEO, ESR, said, “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. ESR Sachiura is one of seven large campus-scale logistics parks that we have designed and developed to the highest standards and are positioned in the most strategic locations for our investors and customers. These flagship assets are well-placed to benefit from strong customer demand, secular rental growth, and a projected undersupply of modern facilities following a period of elevated construction cost pressures across the industry. This investment thesis underpins our Core and Core+ strategies across both fund platforms and single‑asset co‑investments, offering investors distinctive opportunities through ESR’s high‑quality, future‑ready pipeline of real assets.”