Industrial property powerhouse Goodman Group has secured control of a 70-hectare site at Narita Airport, where it will develop a $4 billion air cargo logistics estate.
Goodman Group’s focus on developing key pieces of infrastructure in big cities around the world has helped the industrial property powerhouse secure the rights to develop a 70-hectare air cargo logistics hub at Tokyo’s Narita International Airport, with an end value of more than $4 billion.
Due to be completed by March 2029, it will coincide with the opening of Narita Airport’s third runway and broader plans to create an international industrial hub in surrounding towns. “We avoid short-termism and things that don’t create long-term value. This project fits right into what Goodman is doing around the world.”The Narita project builds on Goodman’s success in Japan, where it is in the final stages of completing a 50-hectate business park at Inzai City, about 40 kilometres west of the airport.
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