Ascott Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President and CEO: Tsuyoshi Oike; hereinafter "Ascott") and eco properties Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Masashi Fukushima; hereinafter "eco properties") are pleased to announce that they have acquired land for logistics facility development in Kasukabe City, Saitama Prefecture, through a special purpose company in which Ascott has invested and for which eco properties has been entrusted with asset management and leasing management services. This marks the launch of a refrigerated and frozen warehouse development project. This project involves Ascott, which has an extensive track record in real estate development, participating as an investor, and eco properties, which possesses specialized knowledge in logistics facility development, participating as an asset manager. The goal is to develop a multi-tenant refrigerated and frozen warehouse to meet the demand for cold chain logistics in the Tokyo metropolitan area. The planned site is located in Shimoyanagi, Kasukabe City, Saitama Prefecture, with excellent access to National Route 16 and National Route 4, which are major arteries for logistics in the Tokyo metropolitan area. It is also approximately 15 km from the Iwatsuki IC on the Tohoku Expressway. By utilizing the Tokyo Gaikan Expressway (Gaikan-do) and the Ken-O Expressway (Ken-Odo), it is a prime logistics location capable of wide-area distribution to the Tokyo metropolitan area. This facility is designed as a refrigerated and frozen warehouse with a facility plan that achieves high storage efficiency and a sufficient number of truck berths. The second and third floors of the warehouse are planned to have a clear height of 6.5m, compared to the typical 5.5m clear height of conventional warehouses. This will increase storage capacity by approximately 1.2 times in ton-equivalent terms based on our assumed storage conditions, meeting the needs for efficient storage of refrigerated and fro