Mitsubishi Corporation Urban Development Co., Ltd. (Location: Chiyoda-ku, Tokyo; President and CEO: Kenji Morita; hereinafter the "Company") announced that construction of the Kasukabe Shimoyanagi Logistics Development Project (tentative name), for which the Company has been designated a project management contractor, began on March 2, 2026 in Shimoyanagi in the city of Kasukabe, Saitama Prefecture (hereinafter the "project site"). Completion of the project is scheduled for the fall of 2027.

The project site is located 35 kilometers from central Tokyo and about 1.5 kilometers from Showa Interchange, a junction connecting east-west National Route 16 and north-south National Route 4 Bypass. The site offers favorable access to the central metropolitan area, including Saitama Prefecture, to facilitate speedy transport to both peripheral areas and the greater region. It is also located about 1.2 kilometers (15 minutes by foot) from Fujino-ushijima Station on the Tobu Urban Park Line and about 300 meters (4 minutes by foot) from the Asahi Bus Shinkawabashi bus stop. This enables easy commuting and makes the location advantageous from the standpoint of securing warehouse workers.

The four-floor, box-type facility can be divided and leased. It features 16 truck berths and 15 truck waiting spaces, allowing flexible adaptation to diverse industries and freight. For the convenience of employees, it also provides a parking lot for 46 passenger vehicles.

Taking “To nurture the future of urban spaces through our power to imagine and realize change” as its stated Purpose, Mitsubishi Corporation Urban Development, Inc. engages in real estate and urban development unbound by convention, primarily in the industrial, retail, and entertainment domains. In the industrial domain, the company works in the area of dry logistics warehouses as well as the development of automated and other refrigerated and cold storage, multi-tenant life sciences R&D facilities (iPark Kobe), and multi-tenant manufacturing/R&D facilities under the innoba brand. In the retail and entertainment domains, the company engages in the development of urban retail facilities, Neighborhood Shopping Centers (NSCs), and hotels, as well as event projects at Yokohama Red Brick Warehouse and other sites. The company also undertakes large-scale urban development centered on arenas and other features.

Fully leveraging the comprehensive strengths of the Mitsubishi Corporation Group, which interfaces with a vast range of industries and customers in Japan and overseas, Mitsubishi Corporation Urban Development will continue to open up the potential of cities together with customers and partners.