Mitsubishi Estate breaks ground on Logicross Hai Phong: Advancing logistics facilities in Northern Vietnam

Following the development of Logicross Nam Thuan (Long An Province), on November 19, 2024, Mitsubishi Estate officially broke ground on its second Logicross project in Vietnam, Logicross Hai Phong, in Nam Dinh Vu Industrial Park. This significant step underscores Mitsubishi Estate's commitment to delivering high-quality logistics facilities to meet rising regional demand.

Meeting rising demand

With ready-built factory and warehouse occupancy rates in Northern Vietnam reaching 80 per cent, as reported by Savills' Industrial Whitepaper (9M/2024), the need for expanded capacity has become urgent. Hai Phong, in particular, has seen significant demand due to its strategic location and robust industrial development. Logicross Hai Phong is set to address this need by delivering 85,700 sq m of leasable warehouse space on a 150,968 sq m site.

Designed to cater to a variety of business needs, the facility includes two independent warehouse blocks with a minimum leasing size of 4,400 sq m. Once operational, it will rank among the largest warehouse complexes in Northern Vietnam.

“This project reflects our confidence in Vietnam’s industrial sector,” Mr. Takashi Kagamoto, General Director of Mitsubishi Estate Vietnam, highlighted the importance of the project. “With Hai Phong leading in foreign direct investment and rising demand from both international and domestic manufacturers, the need for top-tier logistics facilities will continue to grow. Logicross Hai Phong is positioned to meet this demand by offering efficient, flexible, and world-class facilities, backed by our 10 years of expertise in developing high-standard logistics facilities in Japan.”

Strategic location

Located within Nam Dinh Vu Industrial Park, Logicross Hai Phong offers direct access to Hai Phong Port, the largest trade gateway in Northern Vietnam. Recent infrastructure upgrades, including a parallel road connecting the park to the Tan Vu - Lach Huyen Bridge, enhance connectivity to nearby economic zones and industrial hubs. This road is expected to alleviate traffic congestion and reduce transit times, making it easier for tenants to manage their supply chains efficiently.

The site also benefits from Northern Vietnam's extensive infrastructure network, including 10 completed expressways and others under development. Proximity to major routes such as the Hanoi-Hai Phong Expressway and Van Don-Mong Cai Expressway ensures seamless transportation to key cities and ports, enhancing tenant competitiveness in regional and global markets.

Modern design for efficiency and sustainability

Logicross Hai Phong integrates advanced infrastructure to optimize operations and support tenant needs. Features include a ceiling height of 10.5 meters for increased storage capacity and a floor loading capacity of 3.0 tons/sq m to accommodate heavy goods. Energy-efficient measures such as LED lighting with motion sensors and natural lighting systems are incorporated to minimize operational costs and environmental impact.

The project also emphasizes employee well-being with thoughtfully designed spaces, including a canteen equipped with Wi-Fi and Japanese-style napping areas. These facilities reflect a commitment to fostering a comfortable work environment.

Logicross Hai Phong aims for EDGE Advanced Certification, aligning with Mitsubishi Estate's sustainability goals. The facility will feature insulation to regulate indoor temperatures and reduce energy consumption. These measures not only lower environmental impact but also support tenants in aligning with sustainability standards, enhancing their brand reputation.

Logicross Hai Phong represents a significant addition to Vietnam's logistics landscape, offering solutions tailored to the country’s evolving industrial needs. By combining a strategic location, advanced facilities, and sustainable practices, the project positions Mitsubishi Estate as a key player in driving industrial growth in Vietnam.

About Mitsubishi Estate Co., Ltd.

Founded in 1937, Mitsubishi Estate Co., Ltd. is one of Japan’s largest comprehensive real estate developers, with operations spanning multiple sectors. The company’s history dates to 1890, with the acquisition of the Marunouchi site, which has grown into Japan’s premier business district.

The Logicross brand, launched in 2014, reflects Mitsubishi Estate’s vision for the future of logistics. With 23 successful projects in Japan, Vietnam marks Logicross’s first step in international expansion, responding to growing demand for world-class logistics facilities in the region.