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The Redwood Group (Redwood) today announced that it has entered into a 10-year lease agreement with Schenker-Seino Co.,Ltd (Schenker-Seino) for 100% of its most recent development project, Redwood Ichikawa Baraki.

The leasing agreement is the first collaboration between Schenker-Seino and Redwood in Japan. The project is located with frontage to the Narita Expressway connecting Tokyo to the eastern manufacturing and distribution centers of Tokyo bay and to the Narita International Airport. The land site area for this class-A development project constitutes 16,400 square meters with a gross building floor area of 32,739 square meters. Redwood and Schenker-Seino have agreed a construction start by October 2012 with completion scheduled for September 2013. The facility will be situated in a high-density logistics region adjacent to the junction of Tokando and Tokyo-Gaikan (ring road) Highways, within 1km of the Ichikawa Interchange of the Tokando-Highway with excellent bridge and tunnel access to Haneda International Airport as well.

The new 4-storey warehouse will have an 8,000 sqm floor plate and ample parking including 30 truck berths on the ground floor, and a spacious visitors parking lot. The building will be designed to be highly energy efficient and functional, with the highest standards of seismic engineering and environmental technologies. Notably, the building plans call for both a photovoltaic power generation system having 2940 solar panels on the roof and LED lighting throughout both the warehouse and office areas. The building is expected to earn a TAPA-A certification upon completion.

Herbert Wilhelm (President & CEO of Schenker-Seino Co., Ltd.) commented: “This ultra modern and environmentally exemplary building will help us to remain one of the premier logistics service providers in Japan. We very much look forward to having this facility as an addition to our already existing logistics centers for the benefit of our customers.”

Stuart Gibson and Hideaki Matsunami (CEO and MD of Redwood Japan respectively) issued a joint statement: “We are very excited about this partnership with Schenker-Seino, recognized as a national leader in logistics operations. Incorporating best practices of structural design, safety and efficiency into the project, the execution of this large-scale lease agreement demonstrates the demand for Redwood’s modern logistics facilities and the confidence of major domestic and international clients."

Source: Redwood