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This is the status of our logistics facilities business.
As of December 31, 2021, we are engaged in a total of 14 projects: 5 properties in operation and 9 properties under development. Our investment balance is 62.8 billion yen and the total floor space of all properties following completion will be 1,124,000 m2.
The lower column on the right side concerns our initiatives for intangible aspects. In the logistics industry, goods handled are becoming increasingly higher-frequency and smaller-lot largely due to the expansion of the e-commerce market. Conversely, the chronic labor shortage has been persisting due largely to the growing age of drivers who prop up the frontlines and shortage in warehouse workers.
The Group will pursue the provision of contact points between logistics facility tenants and students through its alliance with the NATIONAL STUDENTS INFORMATION CENTER CO., LTD. and the expansion of office tenant-oriented benefit services to logistics tenants.
In addition to providing sites for logistics facilities, we will utilize our Group capability to continue contributing to the resolution of social issues such as the labor shortage in the logistics industry.
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