Tokyo Narita Airport eyes major investment opportunities with new air cargo logistics facilities

Tokyo Narita International Airport is set for major investment with a new project to develop air cargo logistics facilities.

Commercial property company Goodman Group will partner with Tako Town, in close collaboration with Narita International Airport Corporation (NAA) and Chiba Prefecture, to carry out the project on a 70-hectare site.

The site in the Iizasa area of Tako Town, Chiba Prefecture is connected to a planned expansion of Tokyo Narita that will create a third runway, scheduled for completion in March 2029.

The project will see the logistics space for cargo fully integrated with Narita Airport, helping bring NAA’s “New Narita” initiative to life, said Goodman Group.

Goodman is targeting completion in March 2029 to coincide with the opening of Tokyo Narita’s third runway.

The air logistics hub is being developed for the “International Exchange Complex” as part of Tako Town’s master plan, which was created in March 2021, added Goodman Group.

The complex will be designed to seamlessly streamline cargo operations into and out of the airport.

Recently, Chiba Prefecture and nine cities and towns (including Narita City and Tako Town) surrounding Tokyo Narita agreed to create a plan to develop an international industrial hub under the Regional Future Investment Promotion Act.