Yokohama Reito partners with BentallGreenOak to boost cold storage business

Yokohama Reito (YOKOREI) announced a strategic partnership with BentallGreenOak K.K. (BGO K.K.), a Japan-based investment platform of global real estate fund manager BGO, following a board resolution on November 28, 2025. This collaboration, based on YOKOREI Business Vision 2030, aims to address market demand for refrigerated warehouses and avoid a potential decline in Japan's food distribution infrastructure by accelerating business development. BGO K.K. expressed strong interest in YOKOREI’s advanced refrigerated warehousing business and its social value as food distribution infrastructure.

The basic agreement encompasses joint development of new, state-of-the-art refrigerated distribution centers utilizing automation, AI, and robotics. It also includes efforts to rebuild port refrigerated distribution centers, redevelop older facilities, and jointly acquire land and warehouses in port areas. Additionally, BGO will support Yokohama Reito's overseas business expansion using its resources and network. The partnership will also explore asset liquidation to improve financial soundness and fund growth investments in next-generation distribution centers, with any profit or loss impact on the company expected to be immaterial.