Hong Kong-listed ESR Group has broken ground on a new warehouse and automated container depot in Jurong, Singapore. Consisting of two buildings, the 143,000 sq m Sunview Logistics & Container Hub (Sunview Hub) is situated on a 72,000 sq m land parcel in the Jurong industrial cluster. It is expected to be fully operational in 2027.
Upon completion, Sunview Hub will be one of the biggest warehouse and container facilities in the country. It will also have one of Singapore’s largest single rooftop solar facilities, with a capacity of about seven megawatt-peak.
The facility is being funded by a consortium of five Japanese investors: real estate companies Tokyu Land Corporation and Hulic Co, construction company Nishimatsu Construction Co, leasing company Fuyo General Lease Co and investment bank Risa Partners. In a press release, ESR says all five companies are new-to-ESR investors.
The built-to-suit Sunview Hub will have two anchor tenants. The first is Singapore container haulage and yard operator Allied Container Group, which is consolidating its depot and warehouse operations at the new facility. According to ESR, the group is expected to realise 67% savings in land utilisation while increasing storage capacity by 30%.
Allied Container Group is also investing $50 million in the development for the integration of an automated container storage retrieval system with a storage capacity of 16,000 twenty-foot equivalent units, which will enable more efficient shipping container storage.
The second anchor tenant is France-headquartered Ceva Logistics. Sunview Hub will boost Ceva’s total footprint to 370,000 sq m across 18 sites in Singapore, making it the second-largest contract logistics firm in the country.
The completion of Sunview Hub will bring ESR’s portfolio of Singapore assets to 60.
