--Total Floor Space 20,398.12 m2; Whole-Building Lease to OTT Logistics Co., Ltd--
TOKYO, Japan - August 11, 2014 - ORIX Corporation (TSE: 8591; NYSE: IX), a leading integrated financial services group, today announced that it has decided to develop a BTS*1 logistics facility in Hirakata, Osaka Prefecture.
The development area for this project is in an industrial park located approximately 3 km from the Hirakata-higashi and Hirakata Gakken interchanges on the Second Keihan Highway, and approximately 1.5 km from Nagao Station on the JR Katamachi Line. The location is suitable for deliveries to the Osaka and Kyoto areas, being located approximately 3 km from National Route 1, a major highway connecting Kyoto and Osaka. Moreover, from the business continuity planning perspective, the Kansai inland area is highly sought-after and considered scarce land resources suitable for logistics facility development.
The project includes a whole-building lease to OTT Logistics Co., Ltd. The five-story building (four stories in the warehouse section) will have a gross area of 20,398.12 m2 on a site of 10,629.36 m2. Construction will commence in September 2014, and is scheduled for completion in July 2015.
The ORIX Group's logistics investment business started in 2003, initially focused in the development of BTS facilities. From around 2008, utilizing its accumulated expertise, ORIX began shifting the business' primary focus to the development of multi-tenanted facilities*2. To date, ORIX has developed around 990,000 m2 of logistics facilities.
Going forward, ORIX will provide value added services that leverage its unique group network to differentiate itself, as it continues to operate logistics facility development projects that contribute to meeting market demand.
*1 BTS: Build to Suit.
A form of development where the tenant is determined prior to construction so that the tenant's customized requirements can be incorporated while still retaining a certain level of general versatility in the building
A highly-versatile form of development that envisages multiple tenants
Access: Approx. 3 km from the Hirakata-higashi and Hirakata Gakken interchanges on the Second Keihan Highway,
Approx.1.5 km from Nagao Station on the JR Katamachi Line; approx. 5.5 km from Hirakatashi Station on the Keihan Main Line
Site: 10,629.36 m2 Total floor space: 20,398.12 m2 Scale and Structure: Five-story steel construction (warehouse section: four stories)
Other: Floor load 1.5t/m2 Effective height under lower beam 5.5 m
Construction start: September 2014 (planned)
Construction completion: July 2015 (planned)
About ORIX ORIX Corporation (TSE: 8591; NYSE: IX) is a financial services group which provides innovative products and services to its customers by constantly pursuing new businesses. Established in 1964, from its start in the leasing business, ORIX has advanced into neighboring fields and at present has expanded into lending, investment, life insurance, banking, asset management, automobile related, real estate and environment and energy related businesses. Since entering Hong Kong in 1971, ORIX has spread its businesses globally by establishing locations in 35 countries and regions across the world. ORIX celebrates its 50th anniversary in 2014 and moving forward it aims to contribute to society while continuing to capture new business opportunities and sustain growth by promoting acceleration of its corporate strategy "Finance + Services". For more details, please visit our website: http://www.orix.co.jp/grp/en/
These documents may contain forward-looking statements about expected future events and financial results that involve risks and uncertainties. Such statements are based on our current expectations and are subject to uncertainties and risks that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause such a difference include, but are not limited to, those described under "Risk Factors" in the Company's annual report on Form 20-F filed with the United States Securities and Exchange Commission and under "4. Risk Factors" of the "Summary of Consolidated Financial Results" of the "Consolidated Financial Results April 1, 2013 - March 31, 2014."