ESR and Mitsubishi unit to develop Indonesia logistics, industrial hubs valued over US$80 mil
Two Quality A logistics and industrial facilities in Greater Jakarta will be developed under a partnership in between genuine asset proprietor and manager ESR and Mitsubishi’s wholly-owned subsidiary MC Urban Growth Indonesia (MCUDI).
Mirpuri of ESR noted that the partners are scaling institutional-grade logistics and industrial developments in critical Greater Jakarta areas where supply continues to be “structurally constrained”.
The site has direct access to the Jakarta-Cikanpek toll road, with improved future connectivity via the Jakarta-Cikampek II south toll road.
Developed on an estate website spanning concerning 100,000 sq m (1.08 million sq ft) in land area, the project in Karawang will provide near 63,000 sq m of leasable area. It intends to target expanding need from international third-party logistics and making clients.
Karawang Logistics and Industrial Center will consist of a three-block, single-storey facility within the Suryacipta industrial estate.
The most recent joint growth contract is the second stage of ESR and MCUDI’s critical collaboration in Indonesia. They had previously delivered and leased out three tasks: Karawang Logistics Park 1, and Cikarang Logistics Parks 1 and 2.
The institutional-grade properties, with an overall anticipated property worth of more than US$ 80 million ($ 103.3 million), will be situated in Karawang and Cikarang– 2 well-known and sought-after commercial submarkets in Indonesia, the firms claimed in a joint news on July 7.
Building and construction has started, with conclusion targeted for the third quarter of 2027.
The various other upcoming building is Cikarang Logistics and Industrial Center, within the Jababeka industrial estate. A two-block, single-storey facility will certainly rise on a 68,000 sq m estate site and provide greater than 48,000 sq m of leasable area.
ESR head of Southeast Asia, Jai Mirpuri, claimed: “This investment mirrors ESR’s asset-light technique and focus on Asia Pacific markets with clear demand exposure and strong companion placement.”
Both properties will be designed and constructed by Japanese professionals, including modern fire safety and security, seismic-compliant style, and lasting features. The growths will additionally take on a “human-centric style strategy” to enhance power efficiency and support employee wellness, the statement included.
The Cikarang residential or commercial property will certainly deal with international logistics, shopping and manufacturing consumers, sustained by transport linkages across the Jakarta-Cikampek toll road network, according to the news.
MCUDI’s incoming head of state supervisor, Hideaki Nakajima, said both business are expanding their cooperation and financial investment in warehousing projects in Indonesia “by incorporating our neighborhood abilities with our gathered expertise and network in Japan, together with ESR’s fund administration and advancement competence”.
