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Singapore's Mapletree plans $385m logistics center in Japan

State-backed fund expands with largest park in manufacturing-heavy Kyushu

Mapletree already owns and operates 17 logistics facilities in Japan through a real estate investment trust.   © Reuters

TOKYO -- Singapore real estate developer Mapletree Investments will spend more than $385 million to build a logistics facility on the Japanese island of Kyushu, a production hub expected to see brisk shipping demand.

The 231,600 sq. meter site to be built in the city of Chikushino, about a 20-minute drive from Fukuoka Airport, will be twice the size of the largest logistics center on the island now, which is operated by Daiwa House Industry. The first building is slated to begin operating by spring 2023, with a second to open by spring 2024.

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